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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Summary of Stock Option

The fair value of stock options is recorded as compensation expense on a straight-line basis over the vesting periods (which approximates the requisite service period) of the options and forfeitures are accounted for when they occur.

Information related to all stock options under the 2021 Plan, 2017 Plan and 2007 Plan, and the 2020 Inducement Awards for 2022, 2021 and 2020 is shown in the tables below:

(Shares in thousands)

 

Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value
($000)

 

Outstanding at December 31, 2021

 

 

1,514

 

 

$

11.19

 

 

4.9 years

 

 

 

Forfeitures

 

 

(32

)

 

 

10.55

 

 

 

 

 

 

Exercised

 

 

(42

)

 

 

8.15

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

1,440

 

 

 

11.30

 

 

4.0 years

 

$

1,766

 

Exercisable at December 31, 2022

 

 

833

 

 

 

11.47

 

 

3.6 years

 

$

923

 

 

(Shares in thousands)

 

Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value
($000)

 

Outstanding at December 31, 2020

 

 

1,554

 

 

$

11.17

 

 

5.8 years

 

 

 

Forfeitures

 

 

(38

)

 

 

10.63

 

 

 

 

 

 

Exercised

 

 

(2

)

 

 

6.66

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

1,514

 

 

 

11.19

 

 

4.9 years

 

$

 

Exercisable at December 31, 2021

 

 

603

 

 

 

11.39

 

 

4.0 years

 

$

 

 

 

(Shares in thousands)

 

Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value
($000)

 

Outstanding at December 31, 2019

 

 

410

 

 

$

11.45

 

 

4.7 years

 

 

 

Forfeitures

 

 

(71

)

 

 

10.86

 

 

 

 

 

 

Granted

 

 

1,215

 

 

 

11.06

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

1,554

 

 

 

11.17

 

 

5.8 years

 

$

195

 

Exercisable at December 31, 2020

 

 

330

 

 

 

11.66

 

 

3.0 years

 

$

6

 

Summary of Restricted Stock Awards

Information related to restricted stock awards under the 2021 Plan, 2017 Plan, 2007 Plan, and the 2020 Inducement Awards for 2022, 2021 and 2020 is shown in the table below. The fair value of restricted stock awards is based on the price of the stock in the open market on the date of the grant, and the fair value of performance-based restricted stock units is determined by using the Monte Carlo valuation model. The fair value of the restricted stock awards is recorded as compensation expense on a straight-line basis over the vesting periods of the awards and forfeitures are accounted for when they occur.

 

(Shares in thousands)

 

Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at December 31, 2019

 

 

1,321

 

 

$

6.80

 

Granted

 

 

648

 

 

 

5.64

 

Vested

 

 

(284

)

 

 

7.60

 

Forfeited

 

 

(638

)

 

 

5.91

 

Nonvested at December 31, 2020

 

 

1,047

 

 

 

6.00

 

Granted

 

 

573

 

 

 

8.19

 

Vested

 

 

(323

)

 

 

6.31

 

Forfeited

 

 

(264

)

 

 

5.80

 

Nonvested at December 31, 2021

 

 

1,033

 

 

 

7.17

 

Granted

 

 

755

 

 

 

5.74

 

Vested

 

 

(355

)

 

 

6.80

 

Forfeited

 

 

(255

)

 

 

6.41

 

Nonvested at December 31, 2022

 

 

1,178

 

 

$

6.53