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EMPLOYEE STOCK COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2021
Share-based Payment Arrangement [Abstract] |
Summary of Share-Based Compensation Expense | The following table presents stock-based compensation expense and the related tax benefits for the periods indicated:
|  | Three Months Ended March 31, |  |
($ in thousands) |  | 2021 |  | 2020 |  |  |  |
Stock options |  | $ | — |  |  | $ | 2 |  |  |  |  |
Restricted stock awards and units |  | 1,544 |  |  | 1,574 |  |  |  |  |
Total share-based compensation expense |  | $ | 1,544 |  |  | $ | 1,576 |  |  |  |  |
Related tax benefits |  | $ | 455 |  |  | $ | 464 |  |  |  |  |
Unrecognized Share-Based Compensation Expense | The following table presents unrecognized stock-based compensation expense as of March 31, 2021:
($ in thousands) |  | Unrecognized Expense |  | Weighted-Average Remaining Expected Recognition Period
Restricted stock awards and restricted stock units |  | $ | 8,861 |  |  | 2.5 years
Total |  | $ | 8,861 |  |  | 2.5 years
Option Activity | The following table represents stock option activity for the three months ended March 31, 2021:
|  | Three Months Ended March 31, 2021
($ in thousands except per share data) |  | Number of Shares |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contract Term |  | Aggregated Intrinsic Value
Outstanding at beginning of period |  | 55,069 |  |  | $ | 13.96 |  |  |  |  |
Exercised |  | (40,165) |  |  | $ | 14.30 |  |  |  |  |
Outstanding at end of period |  | 14,904 |  |  | $ | 13.05 |  |  | 4.0 years |  | $ | 75 |
Exercisable at end of period |  | 14,904 |  |  | $ | 13.05 |  |  | 4.0 years |  | $ | 75 |
Restricted Stock and Restricted Stock Units Activity | The following table presents unvested restricted stock awards and restricted stock units activity for the three months ended March 31, 2021:
|  | Three Months Ended March 31, 2021 |  |
|  | Number of Shares |  | Weighted Average Grant Date Fair Value Per Share |  |  |  |
Outstanding at beginning of period |  | 848,302 |  |  | $ | 14.42 |  |  |  |  |
Granted (1) |  | 220,457 |  |  | $ | 20.63 |  |  |  |  |
Vested (2) |  | (152,248) |  |  | $ | 14.82 |  |  |  |  |
Forfeited (3) |  | (50,532) |  |  | $ | 11.17 |  |  |  |  |
Outstanding at end of period |  | 865,979 |  |  | $ | 16.12 |  |  |  |  |
(1)There were 58,839 performance-based shares/units included in shares granted for the three months ended March 31, 2021. (2)There were 69,109 performance-based shares/units included in vested shares for the three months ended March 31, 2021. (3)The number of forfeited shares includes aggregate performance-based shares/units of 40,160 for the three months ended March 31, 2021.
Summary of all Outstanding SARs | The following table represents SARs activity and the weighted average exercise price per share as of and for the three months ended March 31, 2021:
|  | Three Months Ended March 31, 2021
($ in thousands except per share data) |  | Number of Shares |  | Weighted-Average Exercise Price Per Share |  |  |  |
Outstanding at beginning of period |  | 1,559,012 |  |  | $ | 11.60 |  |  |  |  |
Exercised |  | (1,559,012) |  |  | $ | 11.60 |  |  |  |  |
Outstanding at end of period |  | — |  |  | $ | — |  |  |  |  |
Exercisable at end of period |  | — |  |  | $ | — |  |  |  |  |

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