STOCK-BASED COMPENSATION PLANS

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

A combined summary of activity in the Company’s stock award and stock option plans for the three months ended June 30, 2023 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, 2022	704	$	22.85	49	$	26.46
Granted	392	27.00		—	—
Acquired	—	—		—	—
Stock options exercised	—	—		—	—
Stock awards vested	(178)	24.12		—	—
Forfeited	(49)	25.72		—	—
Expired	—	—		—	—
June 30, 2023	869	$	24.60	49	$	26.46

During the three and six months ended June 30, 2023, there were no stock option exercises. During the three and six months ended June 30, 2022, proceeds from stock option exercises totaled $25 thousand. During the three and six months ended June 30, 2023, there were 82 thousand and 178 thousand shares vested in connection with stock awards, respectively. During the three and six months ended June 30, 2022, there were 63 thousand and 111 thousand shares vested in connection with stock awards, respectively. All of these shares were issued from available treasury stock. Stock-based compensation expense totaled $2.3 million and $2.1 million during the three months ended June 30, 2023 and 2022, respectively. Stock-based compensation expense totaled $3.5 million and $3.9 million during the six months ended June 30, 2023 and 2022, respectively. Stock-based compensation expense is recognized over the requisite service period for all awards.