Shared-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Components of Share-Based Compensation Expense by Type of Award

The following table lists the components of share-based compensation expense by type of award, which is recognized in the “Selling, general, and administrative expense” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). 

	Three Months Ended March 31,
	2022		2021
Stock options	$	56	$	89
Restricted stock	604		548
Performance share units	289		249
Share-based compensation expense	$	949	$	886

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Reconciliation of Option Activity

The following table presents stock option activity for the three months ended March 31, 2022.

	Number of Options (in thousands)	Weighted- Average Exercise Price (per share)		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2022	621	$	12.24
Expired	(71)	9.83
Outstanding at March 31, 2022	550	$	12.55	4.0 years	$	—	(1)
Exercisable at March 31, 2022	523	$	12.71	3.8 years	$	—	(1)

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(1)The aggregate intrinsic value is the sum of intrinsic values for each exercisable individual option grant. The intrinsic value is the amount by which the closing market price of our stock at March 31, 2022, was greater than the exercise price of any individual option grant.

Reconciliation of Restricted Stock Option Activity

The following table presents the status of unvested restricted stock awards as of March 31, 2022 and changes during the three months then ended.

	Nonvested Restricted Shares (in thousands)	Weighted Average Grant-Date Fair Value (per share)
Unvested at January 1, 2022	469	$	7.28
Granted	897	3.31
Vested	(261)	7.01
Forfeited	(4)	7.49
Unvested at March 31, 2022	1,101	$	4.11

Schedule of Performance Based Awards Goals with Respect to TSR and ROIC

The following table presents the goals with respect to TSR Awards granted in 2022.

TSR Awards:	Threshold  Performance (25% of Shares)	Target Performance (100% of Shares)	Maximum Performance (150% of Shares)
2022 grants	25th Percentile	55th Percentile	75th Percentile

Summary of Status of Unvested PSU Awards

The following table presents the status of unvested PSUs as of March 31, 2022 and changes during the three months then ended.

	Nonvested TSR Awards			Nonvested ROIC Awards
	Shares (in thousands)	Weighted Average Grant-Date Fair Value (per share)		Shares (in thousands)	Weighted  Average Grant-Date Fair Value (per share)
Nonvested at January 1, 2022	194	$	9.59	228	$	8.14
Granted	382	2.53		—	—
Nonvested at March 31, 2022	576	$	4.90	228	$	8.14