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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Activity

Restricted stock activity for the three and six months ended June 30, 2023 is as follows:

 

 

 

 

 

Weighted-Average Grant-Date Fair

 

 

 

Number of shares

 

 

Value per Share

 

Non-vested, at December 31, 2022

 

 

648,493

 

 

$

9.32

 

Granted - Performance-based restricted stock

 

 

 

 

 

 

Granted - Time-based restricted stock

 

 

 

 

 

 

Vested

 

 

(20,800

)

 

 

1.80

 

Canceled and surrendered

 

 

(5,682

)

 

 

3.10

 

Non-vested, at March 31, 2023

 

 

622,011

 

 

$

9.63

 

Granted - Performance-based restricted stock

 

 

 

 

 

 

Granted - Time-based restricted stock

 

 

63,744

 

 

$

5.02

 

Vested

 

 

(86,954

)

 

 

3.22

 

Canceled and surrendered

 

 

 

 

 

 

Non-vested, at June 30, 2023

 

 

598,801

 

 

$

10.07

 

Additional Information Regarding Outstanding Non-vested Time-based Restricted Stock and Performance-based Restricted Stock

Additional information regarding the Company’s outstanding non-vested time-based restricted stock and performance-based restricted stock at June 30, 2023 is as follows:

 

Grant date

Restricted shares unvested

 

 

Share Value at Grant Date Per Share

 

 

Remaining Restriction Period (Years)

 

January 4, 2021

 

111,857

 

 

 

10.43

 

 

 

0.7

 

April 13, 2021

 

32,681

 

 

 

10.71

 

 

 

0.7

 

October 18, 2021

 

56,363

 

 

 

6.89

 

 

 

0.7

 

March 3, 2022

 

 

12,727

 

 

 

5.50

 

 

 

1.5

 

March 16, 2022

 

 

321,429

 

 

 

6.72

 

 

 

1.5

 

June 19, 2023

 

 

63,744

 

 

 

5.02

 

 

 

1.0

 

 

 

 

598,801