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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

STOCK-BASED COMPENSATION

Summary of share activity for all equity classified stock compensation

A summary of share activity for all equity classified stock compensation during the year ended December 31, 2022, is presented below. As described in Note 13, “Equity” all share counts herein have been retroactively adjusted for the three-for-one stock split effective July 1, 2022.

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Type of Award

Shares Outstanding at 1/1/2022

Granted Shares

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Vested / Exercised Shares

​

Expired Shares

​

Forfeited Shares

Shares Outstanding at 12/31/22

Equity Classified - Performance Share Awards - Peer Group Market Condition Vesting

​

​

234,354

​

​

69,168

​

​

(73,275)

​

​

—

​

​

—

​

​

230,247

Equity Classified - Three Year Vest Restricted Shares

​

​

154,509

​

​

137,448

​

​

(72,465)

​

​

—

​

​

(7,413)

​

​

212,079

Equity Classified - Non-Qualified Stock Option Awards

​

​

64,623

​

​

—

​

​

(64,623)

​

​

—

​

​

—

​

​

—

Total Shares

​

​

453,486

​

​

206,616

​

​

(210,363)

​

​

—

​

​

(7,413)

​

​

442,326

​

Schedule of amounts recognized for stock-based compensation

Amounts recognized in the financial statements for stock-based compensation are as follows (in thousands):

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​	​	​	​	​	​	​	​	​	​
​	​	Year Ended
​		December 31, 2022			December 31, 2021			December 31, 2020
Total Cost of Share-Based Plans Charged Against Income Before Tax Effect	​	$	3,232	​	$	3,168	​	$	2,786
​	​	​	​	​	​	​	​	​	​
Income Tax Expense Recognized in Income	​	$	—	​	$	—	​	$	(678)

January 28, 2017

STOCK-BASED COMPENSATION

Summary of performance share awards activity

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​	​	​	​	​	​	​
Performance Shares With Market Conditions		Shares		​	Wtd. Avg. Fair Value Per Share
Non-Vested at January 1, 2020	​	​	147,825	​	$	21.86
Granted	​	​	79,323	​	$	18.61
Vested	​	​	(37,905)	​	$	18.55
Expired	​	​	—	​	​	—
Forfeited	​	​	(21,690)	​	$	21.27
Non-Vested at December 31, 2020	​	​	167,553	​	$	21.15
Granted	​	​	144,402	​	$	10.68
Vested	​	​	(52,254)	​	$	19.43
Expired	​	​	—	​	​	—
Forfeited	​	​	(25,347)	​	$	15.68
Non-Vested at December 31, 2021	​	​	234,354	​	$	15.67
Granted	​	​	69,168	​	$	20.76
Vested	​	​	(73,275)	​	$	16.76
Expired	​	​	—	​	​	—
Forfeited	​	​	—	​	​	—
Non-Vested at December 31, 2022	​	​	230,247	​	$	16.85

​

January 28, 2018

STOCK-BASED COMPENSATION

Summary of nonvested restricted stock award activity

​

A summary of the activity for these awards during the years ended December 31, 2022, 2021, and 2020 is presented below: 

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​	​	​	​	​	​	​
Market Condition Non-Vested Restricted Shares		Shares			Wtd. Avg. Fair Value
Non-Vested at January 1, 2020	​	​	22,000	​	$	41.71
Granted	​	​	—	​	​	—
Vested	​	​	—	​	​	—
Expired	​	​	—	​	​	—
Forfeited	​	​	—	​	​	—
Non-Vested at December 31, 2020	​	​	22,000	​	$	41.71
Granted	​	​	—	​	​	—
Vested	​	​	—	​	​	—
Expired	​	​	(22,000)	​	$	41.71
Forfeited	​	​	—	​	​	—
Non-Vested at December 31, 2021	​	​	—	​	​	—
Granted	​	​	—	​	​	—
Vested	​	​	—	​	​	—
Expired	​	​	—	​	​	—
Forfeited	​	​	—	​	​	—
Non-Vested at December 31, 2022	​	​	—	​	​	—

​

Three-Year Vesting

STOCK-BASED COMPENSATION

Summary of nonvested restricted stock award activity

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​	​	​	​	​	​	​
Non-Vested Restricted Shares		Shares			Wtd. Avg. Fair Value Per Share
Non-Vested at January 1, 2020	​	​	112,785	​	$	20.07
Granted	​	​	70,353	​	$	18.63
Vested	​	​	(54,162)	​	$	19.90
Expired	​	​	—	​	​	—
Forfeited	​	​	(13,539)	​	$	20.05
Non-Vested at December 31, 2020	​	​	115,437	​	$	19.27
Granted	​	​	129,150	​	$	11.82
Vested	​	​	(63,660)	​	$	16.18
Expired	​	​	—	​	​	—
Forfeited	​	​	(26,418)	​	$	15.53
Non-Vested at December 31, 2021	​	​	154,509	​	$	14.96
Granted	​	​	137,448	​	$	19.72
Vested	​	​	(72,465)	​	$	14.96
Expired	​	​	—	​	​	—
Forfeited	​	​	(7,413)	​	$	17.01
Non-Vested at December 31, 2022	​	​	212,079	​	$	17.97

Original 2010 Plan

STOCK-BASED COMPENSATION

Summary of activity for stock option awards

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Non-Qualified Stock Option Awards

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Shares

Wtd. Avg. Ex. Price

Wtd. Avg. Remaining Contractual Term (Years)

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Aggregate Intrinsic Value

Outstanding at January 1, 2020

​

​

240,000

​

$

18.54

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Granted

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​

—

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​

—

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Exercised

​

​

—

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—

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Expired

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—

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—

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Forfeited

​

​

—

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​

—

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​

​

​

​

​

Outstanding at December 31, 2020

​

​

240,000

​

$

18.54

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​

​

​

​

​

Granted

​

​

60,996

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​

—

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​

​

​

​

​

Exercised

​

​

(236,373)

​

$

14.88

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​

​

​

​

​

Expired

​

​

—

​

​

—

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​

​

​

​

​

Forfeited

​

​

—

​

​

—

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​

​

​

​

​

Outstanding at December 31, 2022

​

​

64,623

​

$

14.46

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Granted

​

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—

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​

—

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​

​

​

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Exercised

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​

(64,623)

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$

14.46

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Expired

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—

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—

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Forfeited

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—

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—

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Outstanding at December 31, 2022

​

​

—

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$

—

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—

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$

—

Exercisable at January 1, 2022

​

​

64,623

​

$

14.46

​

​

3.21

​

$

388,837

Exercisable at December 31, 2022

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​

—

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$

—

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​

—

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$

—

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