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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Share-based Payment Arrangement [Abstract]

Schedule of grants of share-based awards

The following grants of share-based awards were made in 2023 under the 2005 Incentive Plan:


						Grant Date
						Fair Value
Date of Grant		Award Type		Shares/Units		Per Share/Unit			Vesting Period/Vesting Date
January 1, 2023 ⁽¹⁾		RSU		506,436		$	7.38		33% per year over three years
January 3, 2023 ⁽¹⁾		PSU		489,498		$	9.26		100% on December 31, 2025
January 1, 2023 ⁽²⁾		Restricted stock		9,210		$	7.38		100% on January 1, 2025
April 1, 2023 ⁽²⁾		Restricted stock		7,267		$	7.74		100% on January 1, 2025
July 1, 2023 ⁽²⁾		Restricted stock		7,622		$	7.38		100% on January 1, 2025
October 1, 2023 ⁽²⁾		Restricted stock		5,076		$	11.17		100% on January 1, 2025
December 6, 2023 ⁽²⁾		Restricted stock		119,049		$	8.82		100% on December 6, 2024

(1)	Reflects grants to our executive officers.

(2)	Reflects grants to certain independent members of our Board.

Summary of information about restricted stock

The following table summarizes information about our restricted stock:


		Year Ended December 31,
		2023					2022					2021
				Grant Date					Grant Date					Grant Date
		Shares		Fair Value ⁽¹⁾			Shares		Fair Value ⁽¹⁾			Shares		Fair Value ⁽¹⁾
Awards outstanding at beginning of year		387,628		$	6.70		853,726		$	5.62		1,176,951		$	6.61
Granted		148,224			8.68		253,358			5.33		332,841			3.59
Vested ⁽²⁾		(342,723)			7.10		(719,456)			4.94		(656,066)			6.35
Awards outstanding at end of year		193,129		$	7.52		387,628		$	6.70		853,726		$	5.62

(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, 2023, 2022 and 2021 was $2.9 million, $2.9 million and $2.6 million, respectively.

Summary of information about PSU awards

The following table summarizes information about our PSU awards:


		Year Ended December 31,
		2023					2022					2021
				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		1,888,024		$	6.25		1,381,469		$	8.34		1,297,126		$	9.99
Granted		489,498			9.26		1,065,705			4.25		452,381			5.33
Vested		(369,938)			13.15		(559,150)			7.60		(368,038)			10.44
PSU awards outstanding at end of year		2,007,584		$	5.71		1,888,024		$	6.25		1,381,469		$	8.34

(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,
		2023					2022					2021
				Grant Date					Grant Date					Grant Date
		Units		Fair Value ⁽¹⁾			Units		Fair Value ⁽¹⁾			Units		Fair Value ⁽¹⁾
RSU awards outstanding at beginning of year		1,367,294		$	3.36		452,381		$	4.20		—		$	—
Granted		506,436			7.38		1,065,705			3.12		452,381			4.20
Vested		(506,028)			3.44		(150,792)			4.20		—			—
RSU awards outstanding at end of year		1,367,702		$	4.82		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.