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EMPLOYEE STOCK COMPENSATION (Tables)

3 Months Ended

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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