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Shareholders' Equity
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Shareholders' Equity

9. Shareholders’ Equity

Common Stock

The activity related to common shares outstanding is as follows:

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Beginning of year

 

 

18,429,350

 

 

 

18,611,289

 

Issuance of common stock on exercise of stock options

 

 

2,420

 

 

 

19,606

 

Restricted stock awards, net of cancellations

 

 

171,634

 

 

 

202,748

 

Director share awards

 

 

61,186

 

 

 

60,998

 

Equity awards under Short-Term Incentive Plan

 

 

0

 

 

 

189,121

 

Issuance of common stock from purchase of Employee Stock Purchase Plan shares

 

 

164,258

 

 

 

157,706

 

Cancellation of stock for withholding tax for vested shares

 

 

(95,674

)

 

 

(148,499

)

Common stock Repurchases

 

 

(495,144

)

 

 

(663,619

)

End of Year

 

 

18,238,030

 

 

 

18,429,350

 

 

 

 

 

 

 

 

 

 

 

 

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, 2021, and 2020, no shares of preferred stock were issued or outstanding.