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EMPLOYEE STOCK COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table presents stock-based compensation expense and the related tax benefits for the periods indicated:
Year Ended December 31,
($ in thousands)202120202019
Restricted stock awards and units5,295 5,777 5,047 
Stock options— (8)
Total stock-based compensation expense$5,295 $5,781 $5,039 
Related tax benefits$1,530 $1,703 $1,481 
Unrecognized Share-Based Compensation Expense
The following table presents unrecognized stock-based compensation expense as of December 31, 2021:
($ in thousands)Unrecognized ExpenseWeighted-Average Remaining Expected Recognition Period
Restricted stock awards and restricted stock units6,045 2.0 years
Restricted Stock and Restricted Stock Units Activity The following table presents unvested restricted stock awards and restricted stock units activity for the periods indicated:
Year Ended December 31,
202120202019
Number of SharesWeighted-Average Price per ShareNumber of SharesWeighted-Average Price per ShareNumber of SharesWeighted-Average Price per Share
Outstanding at beginning of year
848,302 $14.42 923,482 $15.74 833,601 $18.96 
Granted (1)
297,592 $19.88 358,593 $13.85 796,547 $14.40 
Vested (2)
(388,387)$14.01 (331,998)$15.83 (273,904)$18.37 
Forfeited (3)
(108,497)$14.40 (101,775)$15.43 (432,762)$17.93 
Outstanding at end of year
649,010 $17.17 848,302 $14.42 923,482 $15.74 
(1)     There were 66,472, 78,771 and 174,935 performance stock units included in shares granted for the years ended December 31, 2021, 2020 and 2019.
(2)    There were 77,327, 18,473 and 37,572 performance stock units included in vested shares for the years ended December 31, 2021, 2020 and 2019
(3)    There were 48,803, 24,242 and 233,999 performance stock units included in forfeited shares for the years ended December 31, 2021, 2020 and 2019.
Schedule of Stock Options
Year Ended December 31,
($ in thousands, except per share data)202120202019
Fair value of options vested$— $$67 
Total intrinsic value of options exercised$191 $29 $87 
Cash received from options exercised$300 $— $— 
Option Activity
The following table represents vested stock option activity and weighted-average exercise price per share at and for the periods indicated:
Year Ended December 31,
202120202019
Number of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Exercise Price per Share
Outstanding at beginning of year55,069 $13.96 62,521 $13.85 186,973 $13.54 
Exercised(40,165)$14.30 (7,452)$13.05 (74,836)$13.41 
Forfeited— $— — $— (49,616)$13.34 
Outstanding at end of year14,904 $13.05 55,069 $13.96 62,521 $13.85 
Exercisable at end of year14,904 $13.05 55,069 $13.96 60,273 $13.86 
Nonvested Share
The following table represents changes in unvested stock options and related information at and for the periods indicated:
Year Ended December 31,
202120202019
Number of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Exercise Price per Share
Outstanding at beginning of year
— $— 2,248 $13.75 63,848 $13.30 
Vested— $— (2,248)$13.75 (17,600)$13.26 
Forfeited— $— — $— (44,000)$13.29 
Outstanding at end of year $  $ 2,248 $13.75 
Summary of Stock Options Outstanding
The following table presents a summary of stock options outstanding as of December 31, 2021:
Options OutstandingOptions Exercisable
($ in thousands)Number of SharesIntrinsic ValueWeighted-Average Exercise Price per ShareWeighted-Average Remaining Contractual LifeNumber of SharesIntrinsic ValueWeighted-Average Exercise Price per ShareWeighted-Average Remaining Contractual Life
$10.90 to $12.33
3,672 32 $10.90 2.5 years3,672 32 $10.90 2.5 years
$12.34 to $13.75
11,232 66 $13.75 3.5 years11,232 66 $13.75 3.5 years
Total14,904 $98 $13.05 3.3 years14,904 $98 $13.05 3.3 years
Summary of all Outstanding SARs The following table represents SARs activity and the weighted average exercise price per share as of and for the periods indicated:
Year Ended December 31,
202120202019
Number of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Exercise Price per Share
Outstanding at beginning of year1,559,012 $11.60 1,559,012 $11.60 1,559,012 $11.60 
Exercised(1,559,012)$11.60 — $— — $— 
Outstanding at end of year $ 1,559,012 $11.60 1,559,012 $11.60 
Exercisable at end of year— $— 1,559,012 $11.60 1,559,012 $11.60