Stock Incentive Plan

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]


14.			STOCK INCENTIVE PLAN

General—The Company has a stock incentive plan (the “Stock Incentive Plan”) and an employee stock purchase plan (the “ESPP”) that are administered by the Compensation and Talent Development Committee of the Board of Directors. Under the Stock Incentive Plan, the Company can issue shares to employees and directors in the form of restricted stock awards (“RSAs”), restricted stock units (“RSUs”) and performance share units (“PSUs”). Changes in common stock, additional paid in capital and treasury stock during the three months ended March 31, 2022 primarily relate to activity associated with the Stock Incentive Plan, the ESPP and shares withheld for taxes.

Share Grants—During the three months ended March 31, 2022, the Company granted the following awards under the Stock Incentive Plan:


	Shares	Weighted Average Grant-Date Fair Value per Share

RSUs	100	$	26.70
PSUs (at target)	154	$	26.82
Total shares granted	254

Share Issuances—During the three months ended March 31, 2022, the Company issued the following shares under the Stock Incentive Plan and the ESPP:


						Shares

RSUs (issued upon vesting)						5
PSUs (issued upon vesting)						675
ESPP (issued upon sale)						8
Total shares issued						688

Stock-Based Compensation—During the three months ended March 31, 2022 and 2021, the Company recognized $2,296 and $1,835, respectively, of stock-based compensation, primarily within general and administrative expenses. Included within total stock-based compensation for the three months ended March 31, 2022 and 2021 is $34 and $25, respectively, of expense related to the ESPP. Additionally, the Company has liability-based awards for which the number of units awarded is not determined until the vesting date. During the three months ended March 31, 2022 and 2021, the Company recognized $1,225 and $0, respectively, within additional paid in capital for the vesting of liability-based awards. The Company recognizes forfeitures as they occur, rather than estimating expected forfeitures.

Shares Withheld for Taxes—The Company withheld 263 shares for taxes on RSU/PSU stock-based compensation vestings for $7,385 during the three months ended March 31, 2022.

AOCI—During the three months ended March 31, 2022, changes in AOCI were a result of net gains (losses) recognized in OCI and amounts reclassified from AOCI into earnings related to our interest rate derivative. See Note 10 - Financial Instruments for further discussion.