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SHARE-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
A summary of changes in stock options for 2021 is as follows: 
NumberWeighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic Value
(in thousands)
Options outstanding at December 31, 2020
188,181$12.85 1.3 years$3,933 
Exercised(188,181)12.85 
Options outstanding at December 31, 2021
$— — $— 
Schedule of Restricted Shares Activity A summary of the status of the combined RSUs and PSUs is as follows:
NumberWeighted Average
Grant Date Fair Value
Outstanding at December 31, 2020
295,840$24.52 
Granted106,37233.01 
Cancelled or forfeited(73,577)28.06 
Vested(60,104)24.89 
Outstanding at December 31, 2021
268,531 $26.83 
Schedule of Performance Share Units Valuation Assumptions
The assumptions used in the Monte Carlo simulations used to determine fair market value of the PSUs granted in 2021, 2020 and 2019 are set forth in the table below:
202120202019
Volatility of common stock40.5 %33.9 %29.4 %
Average volatility of peer companies43.5 %34.8 %24.5 %
Average correlation coefficient of peer companies0.8004 %0.7561 %0.7272 %
Risk-free interest rate0.2 %0.3 %2.3 %
Expected term in years3.00 years2.76 years2.69 years