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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Compensation Cost

A summary of compensation cost recognized for stock-based payment arrangements is as follows:

    

Year Ended December 31, 

(in thousands)

    

2022

    

2021

Compensation cost recognized:

  

 

  

Restricted stock, restricted stock units and stock-settled stock appreciation rights

$

3,390

$

1,724

Cash-settled stock appreciation rights

 

1,254

 

571

Total stock-based compensation

$

4,644

$

2,295

Summary of Stock Option Activity and Related Information

The following summary reflects the stock option activity and related information for the year ended December 31, 2022:

    

    

Weighted

Average

Exercise

Options

Price

Outstanding at January 1, 2022

 

27,867

$

254.80

Granted

 

 

Exercised

 

 

Forfeited/expired

 

(27,867)

 

254.80

Outstanding at December 31, 2022

 

$

Exercisable at December 31, 2022

 

$

Schedule of Restricted Stock Activity

A summary of the status of our time-based restricted stock awards and of changes in our time-based restricted stock awards outstanding for the year ended December 31, 2022 and 2021 is as follows:

Weighted

Average

Grant-Date

Fair Value

    

Shares

    

Per Share

Outstanding at January 1, 2021

 

40,334

 

$

64.40

Granted

 

 

Vested

 

(10,176)

 

64.40

Forfeited/expired

 

(3,268)

 

64.40

Outstanding at January 1, 2022

 

26,890

 

$

64.40

Granted

 

 

Vested

 

(10,198)

 

64.40

Forfeited

 

(3,246)

 

64.40

Outstanding at December 31, 2022

 

13,446

$

64.40

Schedule of Restricted Stock Unit Activity

A summary of the status of our time-based restricted stock unit awards and of changes in our time-based restricted stock unit awards outstanding for the year ended December 31, 2022 and 2021 is as follows:

Weighted

Average

Grant-Date

Fair Value

    

RSUs

    

Per Share

Outstanding at January 1, 2021

 

63,897

$

22.78

Granted

 

77,938

 

4.95

Vested and converted

 

(28,611)

 

25.75

Forfeited/expired

 

(3,313)

 

51.34

Outstanding at January 1, 2022

 

109,911

$

8.50

Granted

 

1,526,385

 

4.16

Vested and converted

 

(78,011)

 

7.78

Forfeited

 

(2,743)

 

38.80

Outstanding at December 31, 2022

 

1,555,542

$

4.22

A summary of the status of our performance-based and market-based restricted stock unit awards and of changes in our restricted stock unit awards outstanding for the year ended December 31, 2022 and 2021 is as follows:

Weighted

Average

Grant-Date

Fair Value

    

RSUs

    

Per Share

Outstanding at January 1, 2021

 

38,559

$

22.95

Granted

 

 

Vested and converted

 

 

Forfeited/expired

 

(11,274)

 

19.20

Outstanding at January 1, 2022

 

27,285

$

24.50

Granted

 

 

Vested and converted

 

(3,056)

 

29.00

Forfeited

 

(13,486)

 

33.10

Outstanding at December 31, 2022

 

10,743

$

12.42

Stock-settled stock appreciation rights  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Appreciation Rights

Changes to our time-based stock-settled SARs for the year ended December 31, 2022 are as follows:

Weighted Average

Grant Date

Stock-settled SARs

Fair Value

    

(in thousands)

    

Per Share

Outstanding at January 1, 2022

 

$

Granted

1,422

 

2.83

Vested

 

Forfeited/Expired

Outstanding at December 31, 2022

1,422

$

2.83

Cash-settled stock appreciation rights  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used in Calculation of SARs Granted

The following weighted-average assumptions were used in calculating the fair value of time-based cash-settled SARs outstanding during the year ended December 31, 2022 using the Monte Carlo simulation model:

Year Ended

    

December 31, 2022

Remaining term to maturity

5.1 years

Expected volatility factor

113.0

%

Expected dividend yield

%

Risk-free interest rate

3.95

%

Schedule of Stock Appreciation Rights

Changes to our non-vested time-based cash-settled SARs during the year ended December 31, 2022 are as follows:

Weighted Average

Cash-settled SARs

Exercise Price

    

(in thousands)

    

Per Share

Outstanding at January 1, 2022

2,913

 

$

5.73

Granted

 

Exercised

 

Forfeited/Expired

(27)

5.73

Outstanding at December 31, 2022

2,886

$

5.73

Exercisable at December 31, 2022

971

 

$

5.73