Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Allocation of Compensation Expense

Total stock-based compensation expense for the three months ended March 31, 2021 and 2020 was as follows:

	Three Months Ended March 31,
(in thousands)	2021		2020
RSA expense	$	407	$	506
PSU expense	14		—
Total stock-based compensation expense	$	421	$	506

Schedule of Unrecognized Compensation Cost

The amount of unrecognized compensation cost as of March 31, 2021, and the expected weighted-average period over which the cost will be recognized is as follows:

	As of March 31, 2021
(in thousands)	Unrecognized Compensation Cost		Expected Weighted- Average Period of Recognition (in years)
RSA expense	$	3,383	2.46
PSU expense	545		2.49
Total unrecognized stock-based compensation expense	$	3,928	2.46

Summary of Restricted Stock Activity

A summary of RSA activity under the Company's various stock compensation plans for the three months ended March 31, 2021 is presented below:

	Restricted Stock	Weighted-Average Grant Date Fair Value
Non-vested at January 1, 2021	373,860	$	7.25
Granted	385,631	$	5.27
Vested	(152,021)	$	7.81
Forfeited	(4,292)	$	7.00
Non-vested at March 31, 2021	603,178	$	5.85

Summary of Performance Shares Units

A summary of PSU activity for the three months ended March 31, 2021 is presented below:

	Units	Weighted-Average Grant Date Fair Value		Aggregate Intrinsic Value (in thousands)		Weighted-Average Remaining Contractual Term (in years)
PSU's outstanding, January 1, 2021	50,127	$	6.17
Granted	62,448	7.09
Vested / Settled	—	—
Forfeited / Canceled	—	—
PSU's outstanding, March 31, 2021	112,575	$	6.68	$	619	2.49