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Employee Stock Purchase and Equity-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Stock Issuance Activity

The following table presents stock issuance activity for the years ended December 31, 2022 and December 31, 2021 (in thousands):

 

 

 

2022

 

 

2021

 

Purchase price paid for shares sold

 

$

5,377

 

 

$

5,556

 

Number of shares sold

 

 

131

 

 

 

161

 

Schedule of Amount Paid for Cash Settled Awards by Award Type

 

The following table presents the amount paid for cash settled awards, by award type, for the years ended December 31, 2021 and December 31, 2020 (in thousands) (there were no awards outstanding as of the year ended December 31, 2021):

 

 

 

December 31,

2021

 

 

December 31,

2020

 

Stock Appreciation Rights

 

$

15,798

 

 

$

26,920

 

Long-Term Growth

 

 

3,778

 

 

 

3,617

 

Restricted Award Units

 

 

7,067

 

 

 

9,408

 

Total

 

$

26,643

 

 

$

39,945

 

Summary of Restricted Stock Outstanding

The following table presents the number of shares of restricted stock outstanding (at target shares for awards with performance conditions) at December 31, 2022, December 31, 2021 and December 31, 2020:

 

 

December 31,

2022

 

 

December 31,

2021

 

 

December 31,

2020

 

Restricted Stock Units (service condition)

 

 

817,278

 

 

 

526,349

 

 

 

374,819

 

Restricted Stock Units (service and performance condition)

 

 

803,877

 

 

 

832,894

 

 

 

556,966

 

Stock Appreciation Rights  
Summary of Stock Appreciation Right Activity

The following table presents the number of SARs granted, vested, and forfeited for the year ended December 31, 2020:

 

Number of Units

 

 

Weighted Average Grant-Date Fair Value

 

Unvested at December 31, 2019

 

1,477,628

 

 

$

3.00

 

Granted

 

-

 

 

$

-

 

Vested

 

(1,434,836

)

 

$

3.00

 

Forfeited

 

(42,792

)

 

$

3.00

 

Unvested at December 31, 2020

 

-

 

 

$

-

 

Long-Term Growth Units  
Schedule of Unvested Share Activity

The following table presents the number of Long-Term Growth Units granted, vested, and forfeited (at target shares) for the year ended December 31, 2020:

 

Number of Units

 

 

Weighted Average Grant-Date Fair Value

 

Unvested at December 31, 2019

 

127,437

 

 

$

20.23

 

Granted

 

-

 

 

$

-

 

Vested

 

(125,948

)

 

$

22.67

 

Forfeited

 

(1,489

)

 

$

22.67

 

Unvested at December 31, 2020

 

-

 

 

$

-

 

Restricted Award Units  
Summary of Restricted Stock Unit Activity

The following table presents the number of Restricted Award Units granted, vested, and forfeited for the years ended December 31, 2021 and December 31, 2020:

 

Number of Units

 

 

Weighted Average Grant-Date Fair Value

 

Unvested at December 31, 2019

 

249,444

 

 

$

22.40

 

Granted

 

-

 

 

$

-

 

Vested

 

(234,028

)

 

$

22.38

 

Forfeited

 

(9,017

)

 

$

22.67

 

Unvested at December 31, 2020

 

6,399

 

 

$

22.67

 

Granted

 

-

 

 

$

-

 

Vested

 

(6,399

)

 

$

22.38

 

Forfeited

 

-

 

 

$

-

 

Unvested at December 31, 2021

 

-

 

 

$

-

 

Restricted Stock Units  
Summary of Restricted Stock Unit Activity

The following table presents the number and weighted average grant-date fair value of restricted stock units (at target shares for awards with performance conditions) for the years ended December 31, 2022, December 31, 2021 and December 31, 2020:

 

 

Number of Units

 

 

Weighted Average Grant-Date Fair Value

 

Outstanding at December 31, 2019

 

 

506,640

 

 

$

34.07

 

Granted

 

 

583,445

 

 

 

37.92

 

Vested

 

 

(104,016

)

 

 

34.34

 

Forfeited

 

 

(54,284

)

 

 

35.54

 

Outstanding at December 31, 2020

 

 

931,785

 

 

$

36.32

 

Granted

 

 

825,210

 

 

 

37.09

 

Vested

 

 

(222,228

)

 

 

36.49

 

Forfeited

 

 

(175,524

)

 

 

36.39

 

Outstanding at December 31, 2021

 

 

1,359,243

 

 

$

36.75

 

Granted

 

 

1,068,620

 

 

 

37.42

 

Vested

 

 

(497,200

)

 

 

35.86

 

Forfeited

 

 

(309,508

)

 

 

36.28

 

Outstanding at December 31, 2022

 

 

1,621,155

 

 

$

37.49

 

Summary of Restricted Stock Outstanding

The following table presents the number of shares of restricted stock units granted (at target shares for awards with performance conditions) for the years ended December 31, 2022, December 31, 2021 and December 31, 2020:

 

 

December 31,

2022

 

 

December 31,

2021

 

 

December 31,

2020

 

Restricted Stock Units (service condition)

 

 

666,184

 

 

 

450,675

 

 

 

313,735

 

Restricted Stock Units (service and performance condition)

 

 

402,436

 

 

 

374,535

 

 

 

269,710