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Long-Term Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Amount of Compensation Expense Recognized

The following table summarizes the amount of recognized compensation expense associated with the EIP, which are reflected in the accompanying Unaudited Condensed Consolidated Statements of Operations for the periods presented (in thousands):

    

For the Three Months Ended

    

For the Six Months Ended

    

June 30, 

June 30, 

2022

2021

2022

2021

Equity classified awards

  

  

  

  

TSUs

690

582

1,281

657

PSUs and PRSUs

 

164

 

105

 

217

 

128

Board RSUs

 

1

 

4

 

5

 

8

$

855

$

691

$

1,503

$

793

Restricted Stock Units (RSUs) [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Information Regarding Restricted Stock Unit Awards

    

    

Weighted-

Average Grant-

Number of

Date Fair Value

Units

per Unit (1)

Board RSUs outstanding at December 31, 2021

 

3,333

$

5.12

Granted

 

$

Forfeited

 

$

Vested

 

(3,333)

$

5.12

Board RSUs outstanding at June 30, 2022

 

$

(1)Determined by dividing the aggregate grant-date fair value of awards by the number of awards issued.

TSUs [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes information regarding the TSUs granted under the EIP for the period presented:

    

    

Weighted-

Average Grant-

Number of

Date Fair Value

Units

per Unit (1)

TSUs outstanding at December 31, 2021

 

1,074,420

$

3.66

Granted (2)

 

844,676

$

3.64

Forfeited

 

(24,375)

$

3.52

Vested

 

(347,502)

$

3.62

TSUs outstanding at June 30, 2022

 

1,547,219

$

3.66

(1)Determined by dividing the aggregate grant-date fair value of awards by the number of awards issued.
(2)The aggregate grant-date fair value of TSUs issued for the six months ended June 30, 2022 was $3.1 million based on a grant date market price at $3.64 per share.
PSUs [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes information regarding the PSUs granted under the EIP for the period presented:

    

    

Weighted-

Average Grant-

Number of

Date Fair Value

Units

per Unit (1)

PSUs outstanding at December 31, 2021

 

65,940

$

2.87

Granted

 

$

Forfeited

 

(8,864)

$

2.11

Vested

 

$

PSUs & outstanding at June 30, 2022

 

57,076

$

2.99

(1)Determined by dividing the aggregate grant date fair value of awards by the number of awards issued.
PRSU [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes information regarding the PRSUs granted under the EIP for the period presented:

    

    

Weighted-

Average Grant-

Number of

Date Fair Value

Units

per Unit (1)

PRSUs outstanding at December 31, 2021

 

196,377

$

1.94

Granted (2)

 

189,904

$

6.20

Forfeited

 

$

Vested

 

(49,095)

$

1.24

PRSUs outstanding at June 30, 2022

 

337,186

$

4.44

(1)Determined by dividing the aggregate grant-date fair value of awards by the number of awards issued.
(2)The aggregate grant-date fair value of PRSUs issued for the six months ended June 30, 2022 was $1.2 million based on a calculated fair value price at $6.20 per share.
Ranges for the Assumptions Used in Monte Carlo Model for PRSUs Granted

The ranges for the assumptions used in the Monte Carlo model for the PRSUs granted during 2022 are presented as follows:

2022

Expected volatility

120.8

%

Dividend yield

0.00

%

Risk-free interest rate

1.38

%