Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | Fiscal Year | | Summary Compensation Table Total for PEO(1) | | Compensation Actually Paid to PEO(2) | | Average Summary Compensation Table Total for Non-PEO NEOs(3) | | Average Compensation Actually Paid to Non-PEO NEOs(4) | | Total Shareholder Return | | Peer Group Total Shareholder Return(5) | | Net Income
(in millions) | | Adjusted
EBITDA(6)
(in millions) | (a) | | (b) | | (c) | | (d) | | (e) | | (f) | | (g) | | (h) | | (i) | 2025 | | $ | 5,304,620 | | $ | 3,947,696 | | $ | 2,201,878 | | $ | 1,763,338 | | $ | 524.84 | | $ | 593.49 | | $ | 90.2 | | $ | 206.0 | 2024 | | | 4,296,185 | | | 5,896,984 | | | 1,920,336 | | | 2,556,567 | | | 805.83 | | | 558.98 | | | 307.4 | | | 417.4 | 2023 | | | 2,585,370 | | | 3,098,417 | | | 1,328,276 | | | 1,584,526 | | | 362.21 | | | 347.40 | | | 172.4 | | | 271.4 | 2022 | | | 2,359,438 | | | 2,448,479 | | | 1,020,559 | | | 1,093,937 | | | 193.15 | | | 286.75 | | | 71.9 | | | 161.1 | 2021 | | $ | 3,110,797 | | $ | 3,240,689 | | $ | 1,083,644 | | $ | 1,297,167 | | $ | 150.75 | | $ | 236.20 | | $ | 92.6 | | $ | 188.6 |
| (1) | The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. John C. Hadjipateras, who was our President and Chief Executive Officer for all years presented, in the “Total” column of the Summary Compensation Table (“SCT”). |
| (2) | The dollar amounts reported in column (c) represent the amount of compensation actually paid to Mr. John C. Hadjipateras as computed in accordance with Item 402(v) of Regulation S-K (“CAP”). The reconciliation of the Summary Compensation Table Total to Compensation Actually Paid to PEO is as follows: |
| | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | Summary Compensation Table Total | | $ | 5,304,620 | | $ | 4,296,185 | | $ | 2,585,370 | | $ | 2,359,438 | | $ | 3,110,797 | (Minus): Grant Date Fair Value of Equity Awards Granted in Fiscal Year | | | (3,140,020) | | | (2,381,285) | | | (1,023,220) | | | (794,363) | | | (1,224,997) | Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year | | | 1,258,479 | | | 2,166,567 | | | 905,520 | | | 519,100 | | | - | Plus/(Minus): Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years | | | (454,036) | | | 505,794 | | | 202,511 | | | 21,998 | | | 142,987 | Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year | | | 1,046,686 | | | 793,771 | | | 379,422 | | | 316,588 | | | 1,224,997 | Plus/(Minus): Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year | | | (68,033) | | | 515,952 | | | 48,814 | | | 25,718 | | | (13,095) | (Minus): Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year | | | - | | | - | | | - | | | - | | | - | Plus: Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards Not Otherwise Reflected in Total Compensation | | | - | | | - | | | - | | | - | | | - | Compensation Actually Paid | | $ | 3,947,696 | | $ | 5,896,984 | | $ | 3,098,417 | | $ | 2,448,479 | | $ | 3,240,689 |
| (3) | The dollar amounts reported in column (d) represent the average of the amounts reported for our non-PEO NEOs as a group in the “Total” column of the SCT for each applicable year. The non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: Messrs. John C. Lycouris, Theodore B. Young, Tim T. Hansen, and Alexander C. Hadjipateras. |
| (4) | The dollar amounts reported in column (e) represent the average amount of CAP for the non-PEO NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The reconciliation of the Average Summary Compensation Table Total to Compensation Actually Paid to Non-PEO NEOs is as follows: |
| | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | Summary Compensation Table Total | | $ | 2,201,878 | | $ | 1,920,336 | | $ | 1,328,276 | | $ | 1,020,559 | | $ | 1,083,644 | (Minus): Grant Date Fair Value of Equity Awards Granted in Fiscal Year | | | (1,096,220) | | | (869,835) | | | (463,455) | | | (224,614) | | | (292,481) | Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year | | | 439,350 | | | 732,336 | | | 406,088 | | | 176,966 | | | 410,313 | Plus/(Minus): Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years | | | (118,212) | | | 207,113 | | | 122,661 | | | 36,975 | | | 63,814 | Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year | | | 365,413 | | | 331,046 | | | 162,815 | | | 62,228 | | | 35,919 | Plus/(Minus): Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year | | | (28,871) | | | 235,571 | | | 28,141 | | | 21,823 | | | (4,042) | (Minus): Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year | | | - | | | - | | | - | | | - | | | - | Plus: Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards Not Otherwise Reflected in Total Compensation | | | - | | | - | | | - | | | - | | | - | Compensation Actually Paid | | $ | 1,763,338 | | $ | 2,556,567 | | $ | 1,584,526 | | $ | 1,093,937 | | $ | 1,297,167 |
| (5) | The dollar amounts reported in column (g) represent the weighted peer group total shareholder return, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group consists of the following direct competitors on a line-of-business basis: BWLPG and NVGS. NVGS’s common stock trades on the New York Stock Exchange, while the common stock of BWLPG primarily trades on the Oslo Stock Exchange in NOK. For the purposes of the comparison, the returns for Avance and BWLPG were converted into U.S. dollars based on the relevant NOK to USD exchange rate. Avance was removed from the peer group due to its liquidation in early 2025. |
| (6) | The dollar amounts reported in column (i) represent Adjusted EBITDA as defined and presented in the CD&A above. |
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| Company Selected Measure Name |
Adjusted EBITDA
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| Named Executive Officers, Footnote |
| (1) | The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. John C. Hadjipateras, who was our President and Chief Executive Officer for all years presented, in the “Total” column of the Summary Compensation Table (“SCT”). |
| (3) | The dollar amounts reported in column (d) represent the average of the amounts reported for our non-PEO NEOs as a group in the “Total” column of the SCT for each applicable year. The non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: Messrs. John C. Lycouris, Theodore B. Young, Tim T. Hansen, and Alexander C. Hadjipateras. |
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| Peer Group Issuers, Footnote |
| (5) | The dollar amounts reported in column (g) represent the weighted peer group total shareholder return, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group consists of the following direct competitors on a line-of-business basis: BWLPG and NVGS. NVGS’s common stock trades on the New York Stock Exchange, while the common stock of BWLPG primarily trades on the Oslo Stock Exchange in NOK. For the purposes of the comparison, the returns for Avance and BWLPG were converted into U.S. dollars based on the relevant NOK to USD exchange rate. Avance was removed from the peer group due to its liquidation in early 2025. |
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| PEO Total Compensation Amount |
$ 5,304,620
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$ 4,296,185
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$ 2,585,370
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$ 2,359,438
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$ 3,110,797
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| PEO Actually Paid Compensation Amount |
$ 3,947,696
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5,896,984
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3,098,417
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2,448,479
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3,240,689
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| Adjustment To PEO Compensation, Footnote |
| (2) | The dollar amounts reported in column (c) represent the amount of compensation actually paid to Mr. John C. Hadjipateras as computed in accordance with Item 402(v) of Regulation S-K (“CAP”). The reconciliation of the Summary Compensation Table Total to Compensation Actually Paid to PEO is as follows: |
| | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | Summary Compensation Table Total | | $ | 5,304,620 | | $ | 4,296,185 | | $ | 2,585,370 | | $ | 2,359,438 | | $ | 3,110,797 | (Minus): Grant Date Fair Value of Equity Awards Granted in Fiscal Year | | | (3,140,020) | | | (2,381,285) | | | (1,023,220) | | | (794,363) | | | (1,224,997) | Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year | | | 1,258,479 | | | 2,166,567 | | | 905,520 | | | 519,100 | | | - | Plus/(Minus): Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years | | | (454,036) | | | 505,794 | | | 202,511 | | | 21,998 | | | 142,987 | Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year | | | 1,046,686 | | | 793,771 | | | 379,422 | | | 316,588 | | | 1,224,997 | Plus/(Minus): Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year | | | (68,033) | | | 515,952 | | | 48,814 | | | 25,718 | | | (13,095) | (Minus): Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year | | | - | | | - | | | - | | | - | | | - | Plus: Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards Not Otherwise Reflected in Total Compensation | | | - | | | - | | | - | | | - | | | - | Compensation Actually Paid | | $ | 3,947,696 | | $ | 5,896,984 | | $ | 3,098,417 | | $ | 2,448,479 | | $ | 3,240,689 |
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| Non-PEO NEO Average Total Compensation Amount |
$ 2,201,878
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1,920,336
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1,328,276
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1,020,559
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1,083,644
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 1,763,338
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2,556,567
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1,584,526
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1,093,937
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1,297,167
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| Adjustment to Non-PEO NEO Compensation Footnote |
| (4) | The dollar amounts reported in column (e) represent the average amount of CAP for the non-PEO NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The reconciliation of the Average Summary Compensation Table Total to Compensation Actually Paid to Non-PEO NEOs is as follows: |
| | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | Summary Compensation Table Total | | $ | 2,201,878 | | $ | 1,920,336 | | $ | 1,328,276 | | $ | 1,020,559 | | $ | 1,083,644 | (Minus): Grant Date Fair Value of Equity Awards Granted in Fiscal Year | | | (1,096,220) | | | (869,835) | | | (463,455) | | | (224,614) | | | (292,481) | Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year | | | 439,350 | | | 732,336 | | | 406,088 | | | 176,966 | | | 410,313 | Plus/(Minus): Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years | | | (118,212) | | | 207,113 | | | 122,661 | | | 36,975 | | | 63,814 | Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year | | | 365,413 | | | 331,046 | | | 162,815 | | | 62,228 | | | 35,919 | Plus/(Minus): Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year | | | (28,871) | | | 235,571 | | | 28,141 | | | 21,823 | | | (4,042) | (Minus): Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year | | | - | | | - | | | - | | | - | | | - | Plus: Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards Not Otherwise Reflected in Total Compensation | | | - | | | - | | | - | | | - | | | - | Compensation Actually Paid | | $ | 1,763,338 | | $ | 2,556,567 | | $ | 1,584,526 | | $ | 1,093,937 | | $ | 1,297,167 |
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| Total Shareholder Return Amount |
$ 524.84
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805.83
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362.21
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193.15
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150.75
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| Peer Group Total Shareholder Return Amount |
593.49
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558.98
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347.4
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286.75
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236.2
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| Net Income (Loss) |
$ 90,200,000
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$ 307,400,000
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$ 172,400,000
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$ 71,900,000
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$ 92,600,000
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| Company Selected Measure Amount |
206,000,000
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417,400,000
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271,400,000
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161,100,000
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188,600,000
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| PEO Name |
Mr. John C. Hadjipateras
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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| Non-GAAP Measure Description |
| (6) | The dollar amounts reported in column (i) represent Adjusted EBITDA as defined and presented in the CD&A above. |
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| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (3,140,020)
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$ (2,381,285)
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$ (1,023,220)
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$ (794,363)
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$ (1,224,997)
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| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
1,258,479
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2,166,567
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905,520
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519,100
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| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(454,036)
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505,794
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202,511
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21,998
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142,987
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| PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
1,046,686
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793,771
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379,422
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316,588
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1,224,997
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| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(68,033)
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515,952
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48,814
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25,718
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(13,095)
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| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(1,096,220)
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(869,835)
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(463,455)
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(224,614)
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(292,481)
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| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
439,350
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732,336
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406,088
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176,966
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410,313
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| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(118,212)
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207,113
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122,661
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36,975
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63,814
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| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
365,413
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331,046
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162,815
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62,228
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35,919
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| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (28,871)
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$ 235,571
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$ 28,141
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$ 21,823
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$ (4,042)
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