v3.22.2.2

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Restricted Stock Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Restricted Stock

The following table presents information about the Company's RSAs:

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
(in thousands)		2022				2021				2022				2021
Compensation cost (a)		$	994			$	701			$	2,481			$	3,124
Dividends declared on unvested RSAs			107				95				310				296
Fair value of shares vested during the period			—				—				3,209				3,296

(a)Includes $0.2 million and $0.3 million compensation cost recognized from RSAs granted to non-employee directors for the three and nine months ended September 30, 2022, respectively.

(in thousands, except recognition period)		September 30, 2022				December 31, 2021
Unamortized value of RSAs		$	5,935			$	4,715
Weighted average amortization period (in years)			2.4				2.4

Summary of Restricted Stock Activity

The following table presents information about the Company's RSA activity:

		For the Three Months Ended September 30,
		2022								2021
(in thousands, except per share amounts)		Number of Shares				Weighted Average Grant Date Fair Value per Share				Number of Shares				Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period			392			$	20.33				378			$	19.60
Granted			6				22.67				1				26.02
Vested			—				—				—				—
Forfeited			(1	)			21.66				(5	)			19.72
Unvested at end of period			397				20.37				374				19.61

		For the Nine Months Ended September 30,
		2022								2021
(in thousands, except per share amounts)		Number of Shares				Weighted Average Grant Date Fair Value per Share				Number of Shares				Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period			372			$	19.62				341			$	20.50
Granted			181				21.44				202				18.68
Vested			(146	)			19.80				(164	)			20.15
Forfeited			(10	)			20.10				(5	)			19.72
Unvested at end of period			397				20.37				374				19.61

Performance-based Restricted Stock Units

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Restricted Stock

The following tables present information about the Company's PRSUs:

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
(in thousands, except recognition period)		2022				2021				2022				2021
Compensation cost		$	509			$	223			$	1,332			$	520

		September 30, 2022				December 31, 2021
Unamortized value of PRSUs		$	4,027			$	1,931
Weighted average amortization period (in years)			2.1				2.2

Summary of Restricted Stock Activity

The following table presents information about the Company's PRSU activity:

		For the Three Months Ended September 30,
		2022								2021
(in thousands, except per share amounts)		Number of Shares				Weighted Average Grant Date Fair Value per Share				Number of Shares				Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period			231			$	26.25				110			$	24.40
Granted			2				27.93				—				—
Vested			—				—				—				—
Forfeited			—				—				—				—
Unvested at end of period			233				26.27				110				24.40

		For the Nine Months Ended September 30,
		2022								2021
(in thousands, except per share amounts)		Number of Shares				Weighted Average Grant Date Fair Value per Share				Number of Shares				Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period			110			$	24.40				—			$	—
Granted			124				27.93				132				24.40
Vested			—				—				—				—
Forfeited			(1	)			27.93				(22	)			24.40
Unvested at end of period			233				26.27				110				24.40

X

- Definition

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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Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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