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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period The following tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average amortization period.

 

 

 

Stock-Based

Compensation

for the Three

months Period

 

 

Unamortized

Stock-Based

Compensation

as of March 31

 

 

Remaining

Weighted

Average

Period (years)

 

March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Time-Based Restricted Stock

 

$

1,057

 

 

$

5,703

 

 

 

1.8

 

Unrestricted Stock

 

 

110

 

 

 

73

 

 

 

0.2

 

Performance-Based Restricted Stock

 

 

625

 

 

 

2,698

 

 

 

1.8

 

Total

 

$

1,792

 

 

$

8,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Time-Based Restricted Stock

 

$

776

 

 

$

4,555

 

 

 

1.5

 

Unrestricted Stock

 

 

123

 

 

 

82

 

 

 

0.2

 

Performance-Based Restricted Stock

 

 

458

 

 

 

2,288

 

 

 

1.7

 

Total

 

$

1,357

 

 

$

6,925

 

 

 

 

 

 

 

Incentive Stock Option Plans

Activity of the incentive stock option plans:

 

 

 

Number of

Shares

 

 

Weighted

Average Price

Per Share

 

Balance outstanding, December 31, 2020

 

 

123,087

 

 

$

11.48

 

Options exercised

 

 

(5,838

)

 

 

11.49

 

Balance outstanding, March 31, 2021

 

 

117,249

 

 

$

11.48

 

Activity of the performance incentive stock option plan:

 

 

 

Number of

Shares

 

 

Weighted

Average Price

Per Share

 

Balance outstanding, December 31, 2020

 

 

114,658

 

 

$

11.49

 

Options exercised

 

 

 

 

 

 

Balance outstanding, March 31, 2021

 

 

114,658

 

 

$

11.49

 

Summarized By Exercise Price

Outstanding at March 31, 2021, summarized by exercise price:

 

 

 

Outstanding Weighted

Average

 

Exercise Price Per Share

 

Shares

 

 

Remaining

Life

(Months)

 

 

Exercise

Price

 

Incentive Stock Option Plan:

 

 

 

 

 

 

 

 

 

 

 

 

$11.32

 

 

7,200

 

 

 

3

 

 

$

7.5

 

$14.49

 

 

110,049

 

 

 

45

 

 

$

11.49

 

 

 

 

117,249

 

 

 

 

 

 

$

11.48

 

Restricted and Unrestricted Stock  
Summary of Nonvested Shares

Restricted and Unrestricted Stock A summary of nonvested time based restricted and unrestricted stock is presented below:

 

 

 

 

Three Months Ended

March 31, 2021

 

 

Three Months Ended

March 31, 2020

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at December 31st

 

 

820,624

 

 

$

16.64

 

 

 

719,845

 

 

$

17.67

 

Granted

 

 

 

 

 

 

 

 

4,185

 

 

 

18.63

 

Vested

 

 

(197,615

)

 

 

19.91

 

 

 

(213,781

)

 

 

16.18

 

Forfeited

 

 

(11,580

)

 

 

16.95

 

 

 

(14,715

)

 

 

18.08

 

Nonvested shares at March 31st

 

 

611,429

 

 

$

15.57

 

 

 

495,534

 

 

$

18.31

 

Performance Based Restricted Stock  
Summary of Nonvested Shares

Performance-Based Restricted Stock A summary of nonvested performance-based stock is presented below:

 

 

 

 

Three Months Ended

March 31, 2021

 

 

Three Months Ended

March 31, 2020

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at December 31st

 

 

391,771

 

 

$

16.26

 

 

 

345,432

 

 

$

16.92

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Additional granted based on performance achievement

 

 

71,180

 

 

 

20.53

 

 

 

76,445

 

 

 

16.56

 

Vested

 

 

(175,087

)

 

 

19.78

 

 

 

(184,785

)

 

 

15.87

 

Forfeited

 

 

(505

)

 

 

19.26

 

 

 

(3,759

)

 

 

17.23

 

Nonvested shares at March 31st

 

 

287,359

 

 

$

15.16

 

 

 

233,333

 

 

$

17.63