STOCK-BASED COMPENSATION PLANS

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

A combined summary of activity in the Company’s stock award and stock option plans for the nine months ended September 30, 2022 is presented in the following table:


	Non-Vested Stock Awards Outstanding			Stock Options Outstanding
(Shares in thousands)	Number of Shares	Weighted-Average Grant Date Fair Value		Number of Shares	Weighted-Average Exercise Price
December 31, 2021	710	$	20.16	80	$	25.21
Granted	321	28.78		—	—
Acquired	—	—		—	—
Stock options exercised	—	—		(12)	22.97
Stock awards vested	(230)	21.75		—	—
Forfeited	(75)	25.62		—	—
Expired	—	—		(6)	24.30
September 30, 2022	726	$	22.73	62	$	25.43

During the three and nine months ended September 30, 2022, proceeds from stock option exercises totaled $246 thousand and $270 thousand, respectively. During the three and nine months ended September 30, 2021, proceeds from stock option exercises totaled $38 thousand and $162 thousand, respectively. During the three and nine months ended September 30, 2022, there were 120 thousand and 230 thousand shares vested in connection with stock awards, respectively. During the three and nine months ended September 30, 2021, there were 89 thousand and 168 thousand shares vested in connection with stock awards, respectively. All of these shares were issued from available treasury stock. Stock-based compensation expense totaled $1.7 million and $1.4 million during the three months ended September 30, 2022 and 2021, respectively. Stock-based compensation expense totaled $5.7 million and $3.7 million during the nine months ended September 30, 2022 and 2021, respectively. Stock-based compensation expense is recognized over the requisite service period for all awards.