Shareholders' Equity

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Shareholders' Equity

9. Shareholders’ Equity

Common Stock

The activity related to common shares outstanding is as follows:

	Year Ended December 31,
	2022			2021
Beginning of year		18,238,030			18,429,350
Restricted stock awards, net of cancellations		211,519			171,634
Issuance of common stock from purchase of Employee Stock Purchase Plan shares		201,507			164,258
Director share awards		120,696			61,186
Equity awards under Short-Term Incentive Plan		60,590			0
Issuance of common stock on exercise of stock options		0			2,420
Common stock Repurchases		0			(495,144	)
Cancellation of stock for withholding tax for vested shares		(83,813	)		(95,674	)
End of Year		18,748,529			18,238,030

Preferred Stock

The Company is authorized to issue up to 5,000,000 shares of preferred stock in one or more series, each with a par value of $0.001 per share. As of December 31, 2022, and 2021, no shares of preferred stock were issued or outstanding.