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Note 3 - Share-based Compensation
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

3.

Share-based Compensation

 

The following table summarizes the components of our share-based compensation program expense (in thousands):

 

   

Three Months Ended

September 30,

    

Nine Months Ended

September 30,

  
   

2023

    

2022

    

2023

    

2022

  

Restricted share units:

  

Pretax compensation expense

   $ 14,433     $ 14,655     $ 41,886     $ 42,550  

Tax benefit

     3,722       3,664       10,802       10,638  

Restricted share unit expense, net of tax

   $ 10,711     $ 10,991     $ 31,084     $ 31,912  

Performance share units:

  

Pretax compensation expense

   $ 6,240     $ 5,498     $ 18,632     $ 17,187  

Tax benefit

     1,609       1,375       4,805       4,297  

Performance share unit expense, net of tax

   $ 4,631     $ 4,123     $ 13,827     $ 12,890  

 

As of September 30, 2023, we had $69.1 million and $32.8 million of total unrecognized compensation expense related to restricted share units and performance share units, respectively, that is to be recognized over the remaining weighted average period of approximately 2.7 years for restricted share units and 2.3 years for performance share units. During the nine months ended September 30, 2023, we issued 120,798 shares for vested restricted share units and 142,346 shares for vested performance share units. Of this total, 102,141 shares for vested restricted share units and 3,465 shares for vested performance share units were issued during the third quarter 2023.