Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of grants of share-based awards

The following grants of share-based awards were made in 2022 under the 2005 Incentive Plan:

			Grant Date
			Fair Value
Date of Grant	Award Type	Shares/Units	Per Share/Unit		Vesting Period
January 1, 2022 (1)	RSU	1,065,705	$	3.12	33% per year over three years
January 4, 2022 (1)	PSU	1,065,705	$	4.25	100% on January 4, 2025
January 4, 2022 (2)	Restricted stock	15,775	$	3.12	100% on January 1, 2024
April 1, 2022 (2)	Restricted stock	14,710	$	4.78	100% on January 1, 2024
July 1, 2022 (2)	Restricted stock	14,867	$	3.10	100% on January 1, 2024
September 22, 2022 (3)	Restricted stock	19,328	$	4.38	100% on September 22, 2023
October 1, 2022 (2)	Restricted stock	12,796	$	3.86	100% on January 1, 2024
December 7, 2022 (2)	Restricted stock	175,882	$	5.97	100% on December 7, 2023

(1) Reflects grants to our executive officers.

(2) Reflects grants to certain independent members of our Board who have elected to take their quarterly fees in stock in lieu of cash, of which 8,013 shares granted on January 4, 2022 and 5,230 shares granted on April 1, 2022 vested upon the approval of our Board’s Compensation Committee in connection with the departure of an independent director during the second quarter 2022.

(3) Reflects restricted stock grants made to two new independent members of our Board in connection with their appointment to our Board.

Summary of information about restricted stock

The following table summarizes information about our restricted stock:

	Year Ended December 31,
	2022			2021			2020
		Grant Date			Grant Date			Grant Date
	Shares	Fair Value (1)		Shares	Fair Value (1)		Shares	Fair Value (1)
Awards outstanding at beginning of year	853,726	$	5.62	1,176,951	$	6.61	1,173,045	$	6.81
Granted	253,358		5.33	332,841		3.59	667,752		7.06
Vested (2)	(719,456)		4.94	(656,066)		6.35	(631,498)		7.52
Forfeited	—		—	—		—	(32,348)		5.41
Awards outstanding at end of year	387,628	$	6.70	853,726	$	5.62	1,176,951	$	6.61

(1) Represents the weighted average grant date fair value, which is based on the quoted closing market price of our common stock on the trading day prior to the date of grant.

(2) Total fair value of restricted stock that vested during the years ended December 31, 2022, 2021 and 2020 was $2.9 million, $2.6 million and $5.4 million, respectively.

Summary of information about PSU awards

The following table summarizes information about our PSU awards:

	Year Ended December 31,
	2022			2021			2020
		Grant Date			Grant Date			Grant Date
	Units	Fair Value (1)		Units	Fair Value (1)		Units	Fair Value (1)
PSU awards outstanding at beginning of year	1,381,469	$	8.34	1,297,126	$	9.99	1,565,044	$	10.17
Granted	1,065,705		4.25	452,381		5.33	369,938		13.15
Vested	(559,150)		7.60	(368,038)		10.44	(589,335)		12.64
Forfeited	—		—	—		—	(48,521)		7.60
PSU awards outstanding at end of year	1,888,024	$	6.25	1,381,469	$	8.34	1,297,126	$	9.99

(1) Represents the weighted average grant date fair value.

Summary of information about RSU awards

The following table summarizes information about our RSU awards:

	Year Ended December 31,
	2022			2021
		Grant Date			Grant Date
	Units	Fair Value (1)		Units	Fair Value (1)
RSU awards outstanding at beginning of year	452,381	$	4.20	—	$	—
Granted	1,065,705		3.12	452,381		4.20
Vested	(150,792)		4.20	—		—
RSU awards outstanding at end of year	1,367,294	$	3.36	452,381	$	4.20

(1) Represents the weighted average grant date fair value, which is based on the quoted closing market price of our common stock on the trading day prior to the date of grant.