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Stock-based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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

 

(7,479)

 

23.53

Outstanding at end of period

 

31,606

 

$

23.53

 

5.13

Exercisable at end of period

 

31,606

 

$

23.53

 

5.13

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 nine months ended September 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

 

260,231

 

24.26

 

99,159

 

23.91

 

35,664

 

24.59

Dividend equivalents earned

 

33,388

 

23.07

 

 

 

3,716

 

23.15

Vested

 

(128,824)

 

22.88

 

 

 

(39,813)

 

18.08

Forfeited

 

(29,883)

 

24.88

 

(968)

 

23.48

 

 

Nonvested at end of period

 

1,151,950

 

$

24.02

 

113,915

 

$

22.86

 

33,830

 

$

24.59

Vested and outstanding at end of period

 

 

96,427

 

$

21.99

(1)Shares for PSU awards represent target shares at grant date.
Schedule of Stock-based compensation expense

Stock-based compensation expense related to nonvested RSU, PSU, and DSU awards is presented in the table below (dollars in thousands):

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2021

    

2020

    

2021

    

2020

Stock-based compensation

RSU awards

$

1,316

$

2,029

$

4,362

$

3,952

PSU awards

290

41

619

41

DSU awards

231

135

741

420

Total stock-based compensation

$

1,837

$

2,205

$

5,722

$

4,413

Schedule of Unamortized stock-based compensation expense

Unamortized stock-based compensation expense related to nonvested RSU, PSU, and DSU awards is presented in the table below (dollars in thousands):

As of

September 30, 

December 31, 

    

2021

    

2020

    

Unamortized stock-based compensation

RSU awards

$

11,650

$

10,411

PSU awards

1,554

179

DSU awards

430

294

Total unamortized stock-based compensation

$

13,634

$

10,884

Weighted average period over which expense is to be recognized

3.0

yrs

3.0

yrs