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STOCK-BASED COMPENSATION AND EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Total Stock-based Compensation Expense

The following table details total stock-based compensation expense for the three and nine months ended September 30, 2023 and 2022, included in the condensed consolidated statements of income:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2023						2022						2023						2022
Costs of revenue (exclusive of amortization and depreciation)			$	237					$	274					$	558					$	851
Other expenses			801						1,590						1,604						4,433
Pre-tax stock-based compensation expense			1,038						1,864						2,162						5,284
Less: income tax effect			(228)						(410)						(476)						(1,162)
Net stock-based compensation expense			$	810					$	1,454					$	1,686					$	4,122

Schedule of Restricted Stock Activity

A summary of restricted stock activity under the Plan during the nine months ended September 30, 2023 and 2022 is as follows:

			Nine Months Ended September 30, 2023												Nine Months Ended September 30, 2022
			Shares						Weighted-Average Grant Date Fair Value Per Share						Shares						Weighted-Average Grant Date Fair Value Per Share
Unvested restricted stock outstanding at beginning of period			281,161						$	32.24					314,883						$	29.79
Granted			210,351						26.44						161,375						34.22
Vested			(145,529)						31.35						(181,405)						29.79
Forfeited			(2,668)						29.23						(8,936)						31.60
Unvested restricted stock outstanding at end of period			343,315						$	29.08					285,917						$	32.23

Schedule of Performance Share Award Activity

A summary of performance share award activity under the Plan during the nine months ended September 30, 2023 and 2022 is as follows, based on the target award amounts set forth in the performance share award agreements:

			Nine Months Ended September 30, 2023												Nine Months Ended September 30, 2022
			Shares						Weighted-Average Grant Date Fair Value Per Share						Shares						Weighted-Average Grant Date Fair Value Per Share
Performance share awards outstanding at beginning of period			252,375						$	31.84					249,952						$	29.59
Granted			122,071						31.21						101,799						37.98
Forfeited or unearned			(100,655)						27.46						(45,060)						31.70
Earned and issued			—						—						(27,317)						31.75
Performance share awards outstanding at end of period			273,791						$	33.17					279,374						$	32.09

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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