Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Compensation (income) expense

The following table summarizes share-based compensation expense:

	Year Ended December 31,
(in thousands)	2023			2022			2021
Performance-based restricted stock units	$	3,282		$	541		$	549
Restricted stock awards and restricted stock units		6,523			6,703			5,451
Stock options		1,647			2,997			1,727
Share-based compensation expense before income tax		11,452			10,241			7,727
Income tax benefit(1)		(151	)		(117	)		(82	)
Share-based compensation expense, net of income tax	$	11,301		$	10,124		$	7,645

(1)The income tax benefit amount for all periods primarily reflects the tax benefit associated with our Canadian-based employees. Refer to Note 18 – Income Taxes.

Summary of Activity of the Outstanding PUP Awards

The following table summarizes the activity of the outstanding PRSU awards:

	Equity-Based PRSUs					Liability-Based PRSUs
	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Balance at December 31, 2022		101,785		$	31.28		40,075		$	56.06
Granted(1)		191,883		$	36.48		—		$	—
Vested		—		$	—		(40,075	)	$	56.06
Forfeited(1)		(9,475	)	$	36.46		—		$	—
Balance at December 31, 2023		284,193		$	34.62		—		$	—

(1)Includes adjustments for estimated achievement of performance-based criteria.

Summary of Activity of the Outstanding Restricted Stock Awards And Restricted Stock Units

The following table summarizes the activity of the outstanding restricted stock awards and restricted stock units:

	Equity-Based Restricted Stock Awards					Equity-Based Restricted Stock Units					Liability-Based Restricted Stock Units
	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Balance at December 31, 2022		23,292		$	54.03		412,019		$	33.43		2,260		$	54.75
Granted		—		$	—		227,891		$	28.96		—		$	—
Vested		(23,011	)	$	54.20		(160,578	)	$	33.49		(2,260	)	$	54.75
Forfeited		(11	)	$	56.23		(30,339	)	$	32.92		—		$	—
Balance at December 31, 2023		270		$	39.28		448,993		$	31.18		—		$	—

Summary of Options Outstanding and Exercisable

The following table summarizes stock options outstanding and exercisable as of December 31, 2023:

	Options Outstanding						Options Exercisable
Range of exercise prices	Shares		Weighted-Average Remaining Contractual Life (in years)		Weighted-Average Exercise Price		Shares		Weighted-Average Exercise Price
$21.85		54,150		3.65	$	21.85		54,150	$	21.85
$33.96		233,970		5.15	$	33.96		77,991	$	33.96
$44.80		137,858		4.15	$	44.80		91,906	$	44.80
$21.85 - $44.80		425,978		4.64	$	35.93		224,047	$	35.48

The aggregate intrinsic value of stock options outstanding at December 31, 2023 was $1.3 million, which represents the difference between our closing stock price at the end of the reporting period and the exercise price, multiplied by the number of in-the-money stock options. The aggregate intrinsic value of options exercisable at December 31, 2023 was $1.0 million