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Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

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 ended				Stock-Based Compensation for the Six months ended				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
June 30, 2022
Restricted Stock		$	1,079			$	2,072			$	9,277				2.2
Unrestricted Stock			122				239				476				0.9
Performance-Based Restricted Stock			72				525				3,781				2.1
Total		$	1,273			$	2,836			$	13,534
June 30, 2021
Restricted Stock		$	1,167			$	2,223			$	9,734				2.2
Unrestricted Stock			107				217				367				0.9
Performance-Based Restricted Stock			532				1,158				4,186				2.1
Total		$	1,806			$	3,598			$	14,287

Incentive Stock Option Plans

Activity for the three- and six-month periods ended June 30, 2022:

		Number of Shares				Weighted Average Price Per Share
Balance outstanding, December 31, 2021 and March 31, 2022			108,036				11.49
Options exercised			(33,745	)			11.49
Balance outstanding, June 30, 2022			74,291			$	11.49

Activity for the three- and six-month periods ended June 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

Performance Based Stock Options

Incentive Stock Option Plans

Activity for the three- and six-month periods ended June 30, 2022:

		Number of Shares				Weighted Average Price Per Share
Balance outstanding, December 31, 2021 and March 31, 2022			114,658			$	11.49
Options exercised			(32,850	)			11.49
Balance outstanding, June 30, 2022			81,808			$	11.49

Activity for the three- and six-month periods ended June 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, 2021 and June 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 six-month periods ended June 30, 2022, and 2021 is presented below:

		Three and Six Months Ended June 30, 2022								Three and Six Months Ended June 30, 2021
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			817,290			$	17.04				820,624			$	16.64
Vested			(230,080	)			17.31				(197,615	)			19.91
Forfeited			(24,109	)			17.10				(11,580	)			16.95
Nonvested shares at March 31st			563,101				16.93				611,429				15.57
Granted			242,067				23.79				289,757				20.10
Vested			(27,482	)			22.35				(30,112	)			16.72
Forfeited			(14,070	)			18.53				(11,231	)			16.60
Nonvested shares at June 30th			763,616			$	18.88				859,843			$	17.04

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 six-month periods ended June 30, 2022, and 2021, respectively is presented below:

		Three and Six Months Ended June 30, 2022								Three and Six Months Ended June 30, 2021
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			379,061			$	16.43				391,771			$	16.26
Additional granted (forfeited) based on performance achievement			(41,088	)			16.56				71,180				20.53
Vested			(78,704	)			17.18				(175,087	)			19.78
Forfeited			(7,074	)			16.77				(505	)			19.26
Nonvested shares at March 31st			252,195				16.17				287,359				15.16
Granted			83,190				23.63				102,043				20.03
Forfeited			(7,829	)			17.50				—				—
Nonvested shares at June 30th			327,556			$	16.58				389,402			$	16.44

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