Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Activity for Awards Granted under the Management Incentive Units Plan

The following table summarizes the activity for awards granted by the Company under the MIU Plan:

	Shares	Weighted-Average Grant-Date Fair Value Per Share		Weighted-Average Contractual Term (in years)
Outstanding at January 1, 2019	720,180	$	3.15	1.90
Granted	475,900	7.34
Forfeited	(40,000)	2.97
Exchanged for options	(10,000)	2.97
Exchanged for Class B common stock	(1,146,080)	4.90
Outstanding at December 31, 2019	—	—		—

Schedule of Non-Vested Shares of Class B Common Stock related to Management Incentive Plan Expected to Vest

The following table summarizes the number of non-vested shares of Class B common stock related to the MIU Plan that are expected to vest in each of the following years:

For the Years Ending December 31,	Class B Shares
2021	466,279
2022	451,222
2023	430,227

Schedule of Valuation Assumptions

The assumptions noted in the table below represent the weighted average of each assumption for each grant during the year.

	For the Year Ended December 31, 2019
Expected volatility	26.1	%
Expected dividend yield	0.2	%
Expected life (in years)	7.0
Risk-free interest rate	3.1	%

Schedule of Activity for Non-Vested Awards Granted under the Omnibus Plan

The following table summarizes the activity for non-vested awards granted by the Company under the Omnibus Plan:

	Shares	Weighted-Average Grant-Date Fair Value Per Share		Weighted-Average Contractual Term (in years)	Aggregate Intrinsic value (in thousands)
Outstanding at January 1, 2019	—
Granted	503,684	$	14.00	2.52
Vested and settled	(173,440)	13.99			$	—
Outstanding at December 31, 2019	330,244	14.00		3.66	677
Granted	709,426	15.79		2.24
Vested and settled	(175,372)	12.09			154
Forfeited	(38,271)	14.40
Outstanding at December 31, 2020	826,027	15.92		2.45	11,603
Non-vested shares expected to vest as of December 31, 2020	691,170	15.94		2.40	9,700