Definitive proxy statements

Pay vs Performance Disclosure

v3.23.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure [Table]    
Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

As discussed in the Executive Compensation disclosures above, the Board and the Compensation Committee have implemented an executive compensation program designed to link a substantial portion of each executive’s realized compensation to the achievement of the Company’s performance objectives as well as to align realized compensation with changes in the value of stockholders’ investments. As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information regarding the compensation of our NEOs and the Company’s performance.

                                     
YEAR       SUMMARY
COMPENSATION
TABLE TOTAL
FOR CEO(1)
($) 		        COMPENSATION
ACTUALLY PAID
TO CEO(2)
($) 		        AVERAGE
SUMMARY
COMPENSATION
TABLE TOTAL
FOR NON-CEO
NEOs(3)
($) 		        AVERAGE
COMPENSATION
ACTUALLY PAID
TO NON-CEO
NEOs(4)
($) 		        VALUE OF INITIAL
FIXED $100
INVESTMENT
BASED ON TOTAL
SHAREHOLDER
RETURN(5)
($) 		        NET INCOME(6)
($ IN THOUSANDS) 		  
2022              $ 6,446,934                $ 4,487,072                $ 3,949,907                $ 2,915,517                          $ 49.06                        $ 75,665  
2021   $ 7,269,429     $ 6,670,237     $ 4,372,101     $ 4,069,017     $ 68.93     $ 52,735  
 
Named Executive Officers, Footnote [Text Block] Represents the amounts reported for Mr. Ho, our Chief Executive Officer (CEO), in the “Total” column of the Summary Compensation Table in each applicable year.  
PEO Total Compensation Amount $ 6,446,934 $ 7,269,429
PEO Actually Paid Compensation Amount $ 4,487,072 6,670,237
Adjustment To PEO Compensation, Footnote [Text Block]
(1) Represents the amounts reported for Mr. Ho, our Chief Executive Officer (CEO), in the “Total” column of the Summary Compensation Table in each applicable year.
(2) Represents the amount of “compensation actually paid” to Mr. Ho, as computed in accordance with SEC rules and does not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to the total compensation set forth in the Summary Compensation Table for each year. Equity values used in calculating the adjustments values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

       JOHN HO         2022
($)		           2021
($)		  
  Summary Compensation Table Total   $ 6,446,934     $ 7,269,429  
  Less, value of “Stock Awards” reported in Summary Compensation Table   $ (4,210,000 )   $ (3,861,783 )
  Plus, year-end fair value of outstanding and unvested equity awards granted in the year   $ 2,605,000     $ 2,482,186  
  Plus, fair value as of the vesting date of equity awards granted and vested in the year     —     $ 780,405  
  Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years   $ (512,088 )     —  
  Plus (less), year over year change in fair value of equity awards granted in prior years that vested in the year   $ 157,226       —  
  Compensation Actually Paid to Mr. Ho   $ 4,487,072     $ 6,670,237  
 
Non-PEO NEO Average Total Compensation Amount $ 3,949,907 4,372,101
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,915,517 4,069,017
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(3) Represents the average of the amounts reported for the NEOs as a group, excluding Mr. Ho as CEO, in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2022, Messrs. Forsum and Porter and (ii) for 2021, Mr. Forsum and Franco Tenerelli.
(4) Represents the average amount of “compensation actually paid” to the NEOs as a group, excluding Mr. Ho as CEO, as computed in accordance with SEC rules and does not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to the total compensation set forth in the Summary Compensation Table for each year. Equity values used in calculating the adjustments values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
      NON-CEO NEOs         2022
($)		           2021
($)		  
  Average Summary Compensation Table Total   $ 3,949,907     $ 4,372,101  
  Less, average value of “Stock Awards” reported in Summary Compensation Table   $ (2,252,548 )   $ (1,926,074 )
  Plus, average year-end fair value of outstanding and unvested equity awards granted in the year   $ 1,393,798     $ 1,272,240  
  Plus, average fair value as of the vesting date of equity awards granted and vested in the year   —     $ 350,750  
  Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years   $ (248,188 )     —  
  Plus (less), average year over year change in fair value of equity awards granted in prior years that vested in the year   $ 72,548       —  
       Average Compensation Actually Paid to Non-CEO NEOs   $ 2,915,517     $ 4,069,017  
 
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
COMPENSATION ACTUALLY PAID AND TSR
  
Compensation Actually Paid vs. Net Income [Text Block]
COMPENSATION ACTUALLY PAID AND NET INCOME
 
Total Shareholder Return Amount $ 49.06 68.93
Net Income (Loss) Attributable to Parent 75,665 52,735
Adjustment to Compensation Amount $ 1,393,798 $ 1,272,240
PEO Name Mr. Ho Mr. Ho
P E O Member Less Value Of Stock Awards Reported In Summary Compensation Table [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ (4,210,000) $ (3,861,783)
P E O Member Plus Year End Fair Value Of Outstanding And Unvested Equity Awards Granted In The Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 2,605,000 2,482,186
P E O Member Plus Fair Value As Of The Vesting Date Of Equity Awards Granted And Vested In The Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 780,405
P E O Member Plus Less Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards Granted In Prior Years [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (512,088) 0
P E O Member Plus Less Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 157,226 0
Non P E O N E O Member Less Value Of Stock Awards Reported In Summary Compensation Table [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (2,252,548) (1,926,074)
Non P E O N E O Member Plus Fair Value As Of The Vesting Date Of Equity Awards Granted And Vested In The Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 350,750
Non P E O N E O Member Plus Less Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards Granted In Prior Years [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (248,188) 0
Non P E O N E O Member Plus Less Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 72,548 $ 0