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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023, is presented below.

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Type of Award

Shares Outstanding at 1/1/2023

Granted Shares

​

Vested / Exercised Shares

​

Expired Shares

​

Forfeited Shares

Shares Outstanding at 12/31/2023

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

​

​

230,247

​

​

88,754

​

​

(72,141)

​

​

—

​

​

(9,485)

​

​

237,375

Equity Classified - Three Year Vest Restricted Shares

​

​

212,079

​

​

96,453

​

​

(74,229)

​

​

—

​

​

(17,946)

​

​

216,357

Total Shares

​

​

442,326

​

​

185,207

​

​

(146,370)

​

​

—

​

​

(27,431)

​

​

453,732

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, 2023			December 31, 2022			December 31, 2021
Total Cost of Share-Based Plans Charged Against Income	​	$	3,673	​	$	3,232	​	$	3,168

Summary of nonvested restricted stock award activity

A summary of the activity for these awards during the years ended December 31, 2023, 2022, and 2021 is presented below: 

​	​	​	​	​	​	​
Market Condition Non-Vested Restricted Shares		Shares			Wtd. Avg. Fair Value
Non-Vested at January 1, 2021	​	​	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	​	​	—	​	​	—
Granted	​	​	—	​	​	—
Vested	​	​	—	​	​	—
Expired	​	​	—	​	​	—
Forfeited	​	​	—	​	​	—
Non-Vested at December 31, 2023	​	​	—	​	​	—

​

​	​	​	​	​	​	​
Non-Vested Restricted Shares		Shares			Wtd. Avg. Fair Value Per Share
Non-Vested at January 1, 2021	​	​	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
Granted	​	​	96,453	​	$	19.12
Vested	​	​	(74,229)	​	$	16.00
Expired	​	​	—	​	​	—
Forfeited	​	​	(17,946)	​	$	19.08
Non-Vested at December 31, 2023	​	​	216,357	​	$	19.07

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

Non-Vested at January 1, 2021

​

​

240,000

​

$

18.54

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​

​

​

​

​

Granted

​

​

60,996

​

​

—

​

​

​

​

​

​

Exercised

​

​

(236,373)

​

$

14.88

​

​

​

​

​

​

Expired

​

​

—

​

​

—

​

​

​

​

​

​

Forfeited

​

​

—

​

​

—

​

​

​

​

​

​

Non-Vested at December 31, 2021

​

​

64,623

​

$

14.46

​

​

​

​

​

​

Granted

​

​

—

​

​

—

​

​

​

​

​

​

Exercised

​

​

(64,623)

​

$

14.46

​

​

​

​

​

​

Expired

​

​

—

​

​

—

​

​

​

​

​

​

Forfeited

​

​

—

​

​

—

​

​

​

​

​

​

Non-Vested at December 31, 2022

​

​

—

​

$

—

​

​

​

​

​

​

Granted

​

​

—

​

​

—

​

​

​

​

​

​

Exercised

​

​

—

​

$

—

​

​

​

​

​

​

Expired

​

​

—

​

​

—

​

​

​

​

​

​

Forfeited

​

​

—

​

​

—

​

​

​

​

​

​

Non-Vested at December 31, 2023

​

​

—

​

$

—

​

​

—

​

$

—

Exercisable at January 1, 2023

​

​

—

​

$

—

​

​

—

​

$

—

Exercisable at December 31, 2023

​

​

—

​

$

—

​

​

—

​

$

—

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, 2021	​	​	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
Granted	​	​	88,754	​	$	18.10
Vested	​	​	(72,141)	​	$	14.17
Expired	​	​	—	​	​	—
Forfeited	​	​	(9,485)	​	$	18.10
Non-Vested at December 31, 2023	​	​	237,375	​	$	18.08

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