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Share-Based Compensation and Other Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
The table below summarizes activity for the nine months ended September 30, 2022 with respect to awarded RSUs:
Time-Vested
Restricted Stock
Units
Weighted-Average
Grant Date
Fair Value
Balance at January 1, 2022
230,517 $9.20 
Granted49,314 $35.07 
Vested(111,479)$10.02 
Forfeited(16,101)$12.12 
Balance at September 30, 2022
152,251 $17.50 
The table below summarizes activity for the nine months ended September 30, 2022 with respect to awarded PRSUs:
Performance Restricted Stock
Units
Weighted-Average
Grant Date
Fair Value
Balance at January 1, 2022
345,069 $16.20 
Granted180,217 $47.77 
Vested(2,688)$18.24 
Forfeited(11,516)$23.31 
Balance at September 30, 2022
511,082 $27.16 
Schedule of Valuation Assumptions The ranges for the assumptions used in the Monte Carlo model for the PRSUs granted during 2022, 2021, 2020 and 2019 are presented as follows:
2022
2021 1
2020 1
2019
Expected volatility
134.98% to 138.75%
131.74% to 134.74%
101.32% to 117.71%
49.9 %
Dividend yield0.0 %0.0 %0.0 %0.0 %
Risk-free interest rate2.59 %
0.22% to 0.29%
0.18% to 0.51%
1.66 %
Performance period2022-20242021-20232020-20222020-2022
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1    One executive officer’s inducement award originally granted in August 2020 was amended in April 2021 to conform vesting conditions to other PRSU awards granted in 2021. The Monte Carlo assumptions for both years are included above.