XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Stock-based Compensation  
Summary of changes in, the Company's stock option awards

A summary of the status of, and changes in, the Company's stock option awards for the six months ended June 30, 2021, follows:

Weighted-

    

    

Weighted-

Average

Average

Remaining

Exercise

Contractual

    

Shares

    

Price

    

Life

Outstanding at beginning of period

 

39,085

 

$

23.53

5.88

Expired

 

(6,379)

 

23.53

Outstanding at end of period

 

32,706

 

$

23.53

 

5.38

Exercisable at end of period

 

32,706

 

$

23.53

 

5.38

Summary of changes in the Company's RSU, PSU, and DSU awards

A summary of changes in the Company’s RSU, PSU, and DSU awards for the six months ended June 30, 2021, is as follows:

RSU Awards

PSU Awards

DSU Awards

Weighted-

Weighted-

Weighted-

Average

Average

Average

Grant Date

Grant Date

Grant Date

    

Shares

    

Fair Value

    

Shares (1)

    

Fair Value

    

Shares

    

Fair Value

Nonvested at beginning of period

 

1,017,038

 

$

23.87

 

15,724

 

$

16.25

 

34,263

 

$

17.18

Granted

 

212,426

 

24.54

 

99,159

 

23.91

 

35,664

 

24.59

Dividend equivalents earned

 

22,573

 

22.82

 

 

 

2,459

 

22.93

Vested

 

 

 

 

 

(1,452)

 

22.63

Forfeited

 

(19,907)

 

25.04

 

(459)

 

23.48

 

 

Nonvested at end of period

 

1,232,130

 

$

23.95

 

114,424

 

$

22.86

 

70,934

 

$

20.99

Vested and outstanding at end of period

 

 

72,496

 

$

24.30

Schedule of Stock-based compensation expense

Stock-based compensation expense related to nonvested restricted stock units, deferred stock units, and performance-based restricted stock awards is presented in the table below (dollars in thousands):

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2021

    

2020

    

2021

    

2020

Stock-based compensation expense

RSU awards

$

1,816

$

924

$

3,046

$

2,069

PSU awards

268

328

DSU awards

353

145

511

139

Total stock-based compensation expense

$

2,437

$

1,069

$

3,885

$

2,208

Schedule of Unamortized stock-based compensation expense

Unamortized stock-based compensation expense related to nonvested restricted stock units, deferred stock units, and performance-based restricted stock awards is presented in the table below (dollars in thousands):

As of

June 30, 

December 31, 

    

2021

    

2020

    

Unamortized stock-based compensation expense

RSU awards

$

12,094

$

10,411

PSU awards

1,690

179

DSU awards

660

294

Total unamortized stock-based compensation expense

$

14,444

$

10,884

Weighted average period over which expense is to be recognized

3.2

yrs

3.0

yrs

Schedule of shares remaining available for issuance pursuant to authorized plans

Shares Remaining

Available for Issuance

   

Pursuant to the Plans

2020 Equity Plan

1,087,266

2021 Employee Stock Purchase Plan

600,000