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EMPLOYEE STOCK COMPENSATION (Tables)

9 Months Ended

Sep. 30, 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 September 30,												Nine Months Ended September 30,
($ in thousands)						2021						2020						2021						2020
Stock options						$	—					$	—					$	—					$	4
Restricted stock awards and units						1,106						1,346						3,988						4,388
Total share-based compensation expense						$	1,106					$	1,346					$	3,988					$	4,392
Related tax benefits						$	326					$	396					$	1,175					$	1,293

Restricted Stock and Restricted Stock Units Activity

The following table presents unvested restricted stock awards and restricted stock units activity for the three and nine months ended September 30, 2021:

						Three Months Ended September 30, 2021												Nine Months Ended September 30, 2021
						Number of Shares						Weighted Average Grant Date Fair Value Per Share						Number of Shares						Weighted Average Grant Date Fair Value Per Share
Outstanding at beginning of period						697,088						$	17.13					848,302						$	14.42
Granted (1)						14,312						$	17.47					283,642						$	19.87
Vested (2)						(11,809)						$	15.14					(367,089)						$	13.75
Forfeited (3)						(38,724)						$	17.31					(103,988)						$	14.24
Outstanding at end of period						660,867						$	17.16					660,867						$	17.16

(1)There were zero and 66,472 performance-based shares/units included in shares granted for the three and nine months ended September 30, 2021.

(2)There were zero and 77,327 performance-based shares/units included in vested shares for the three and nine months ended September 30, 2021.

(3)The number of forfeited shares includes aggregate performance-based shares/units of 8,643 and 48,803 for the three and nine months ended September 30, 2021.

Option Activity

The following table represents stock option activity for the three months ended September 30, 2021:

						Three Months Ended September 30, 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						14,904						$	13.05
Exercised						—						$	—
Outstanding at end of period						14,904						$	13.05					3.5 years						$	81
Exercisable at end of period						14,904						$	13.05					3.5 years						$	81

The following table represents stock option activity for the nine months ended September 30, 2021:

						Nine Months Ended September 30, 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					3.5 years						$	81
Exercisable at end of period						14,904						$	13.05					3.5 years						$	81

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 and nine months ended September 30, 2021:

						Three Months Ended September 30, 2021												Nine Months Ended September 30, 2021
($ in thousands except per share data)						Number of Shares						Weighted-Average Exercise Price Per Share						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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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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