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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

 

 

 

Stock-Based

Compensation

for the Three

months ended

 

 

Stock-Based

Compensation

for the Nine

months ended

 

 

Unamortized

Stock-Based

Compensation

 

 

Remaining

Weighted

Average

Period (years)

 

September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock

 

$

1,246

 

 

$

3,469

 

 

$

8,277

 

 

 

2.0

 

Unrestricted Stock

 

 

100

 

 

 

317

 

 

 

267

 

 

 

0.7

 

Performance-Based Restricted Stock

 

 

365

 

 

 

1,523

 

 

 

3,522

 

 

 

2.0

 

Total

 

$

1,711

 

 

$

5,309

 

 

$

12,066

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock

 

$

695

 

 

$

2,173

 

 

$

3,030

 

 

 

1.3

 

Unrestricted Stock

 

 

110

 

 

 

351

 

 

 

293

 

 

 

0.7

 

Performance-Based Restricted Stock

 

 

426

 

 

 

1,252

 

 

 

1,494

 

 

 

1.3

 

Total

 

$

1,231

 

 

$

3,776

 

 

$

4,817

 

 

 

 

 

Incentive Stock Option Plans

Incentive Stock Option Plans

Activity for the three- and nine-months ended September 30, 2021:

 

 

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

 

Options exercised

 

 

(8,826

)

 

 

11.35

 

Balance outstanding, June 30, 2021

 

 

108,423

 

 

 

11.49

 

Options exercised

 

 

(387

)

 

 

11.49

 

Balance outstanding, September 30, 2021

 

 

108,036

 

 

$

11.49

 

Activity for the three- and nine-months ended September 30, 2020:

 

 

Number of

Shares

 

 

Weighted

Average Price

Per Share

 

Balance outstanding, December 31, 2019

 

 

332,823

 

 

$

9.14

 

Options exercised

 

 

(15,836

)

 

 

8.83

 

Balance outstanding, March 31, 2020

 

 

316,987

 

 

 

9.16

 

Options exercised

 

 

(9,291

)

 

 

8.27

 

Balance outstanding, June 30, 2020

 

 

307,696

 

 

 

9.16

 

Options exercised

 

 

(86,446

)

 

 

7.58

 

Balance outstanding, September 30, 2020

 

 

221,250

 

 

$

9.81

 

 

 

Activity for the three- and nine-months ended September 30, 2020:

 

 

Number of

Shares

 

 

Weighted

Average Price

Per Share

 

Balance outstanding, December 31, 2019

 

 

120,782

 

 

$

11.49

 

Options exercised

 

 

(3,035

)

 

 

11.49

 

Balance outstanding, March 31, 2020 and June 30, 2020

 

 

117,747

 

 

 

11.49

 

Options exercised

 

 

(3,089

)

 

 

11.49

 

Balance outstanding, September 30, 2020

 

 

114,658

 

 

$

11.49

 

Performance Based Stock Options  
Incentive Stock Option Plans

Activity for the three- and nine-months ended September 30, 2021:

 

 

Number of

Shares

 

 

Weighted

Average Price

Per Share

 

Balance outstanding, December 31, 2020

 

 

114,658

 

 

$

11.49

 

Options exercised

 

 

 

 

 

 

Balance outstanding, March 31, June 30, and September 30, 2021

 

 

114,658

 

 

$

11.49

 

Restricted and Unrestricted Stock  
Summary of Non-Vested Shares

Restricted and Unrestricted Stock A summary of non-vested shares as of, and for, the three- and nine-months ended September 30, 2021 and 2020, is presented below:

 

 

 

Nine Months Ended

September 30, 2021

 

 

Nine Months Ended

September 30, 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

 

Granted

 

 

289,757

 

 

 

20.10

 

 

 

43,168

 

 

 

13.45

 

Vested

 

 

(30,112

)

 

 

16.72

 

 

 

(37,958

)

 

 

13.88

 

Forfeited

 

 

(11,231

)

 

 

16.60

 

 

 

(8,221

)

 

 

18.64

 

Nonvested shares at June 30th

 

 

859,843

 

 

 

17.04

 

 

 

492,523

 

 

 

18.22

 

Granted

 

 

3,400

 

 

 

15.17

 

 

 

 

 

 

 

Vested

 

 

(5,962

)

 

 

15.36

 

 

 

 

 

 

 

Forfeited

 

 

(13,841

)

 

 

17.21

 

 

 

(8,430

)

 

 

18.54

 

Nonvested shares at September 30th

 

 

843,440

 

 

$

17.04

 

 

 

484,093

 

 

$

18.22

 

Performance Based Restricted Stock  
Summary of Non-Vested Shares

Performance-Based Restricted Stock A summary of non-vested performance-based shares as of, and for, the three- and nine-months ended September 30, 2021 and 2020, respectively is presented below:

 

 

 

Nine Months Ended

September 30, 2021

 

 

Nine Months Ended

September 30, 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

 

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

 

Granted

 

 

102,043

 

 

 

20.03

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

(2,268

)

 

 

18.00

 

Nonvested shares at June 30th

 

 

389,402

 

 

 

16.44

 

 

 

231,065

 

 

 

17.63

 

Forfeited

 

 

(3,733

)

 

 

17.04

 

 

 

 

 

 

 

Nonvested shares at September 30th

 

 

385,669

 

 

$

16.43

 

 

 

231,065

 

 

$

17.63