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v3.22.2.2

Stock Based Compensation (Tables) | 9 Months Ended
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Sep. 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 Nine months ended |  |  | Unamortized Stock-Based Compensation |  |  | Remaining Weighted Average Period (years) |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Restricted Stock |  | $ | 1,184 |  |  | $ | 3,257 |  |  | $ | 8,010 |  |  |  | 2.0 |
Unrestricted Stock |  |  | 130 |  |  |  | 369 |  |  |  | 347 |  |  |  | 0.7 |
Performance-Based Restricted Stock |  |  | 246 |  |  |  | 770 |  |  |  | 3,093 |  |  |  | 1.9 |
Total |  | $ | 1,560 |  |  | $ | 4,396 |  |  | $ | 11,450 |  |  |  |
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 |  |  |  |
Incentive Stock Option Plans | Activity for the three- and nine-month periods ended September 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 |
Options exercised |  |  | (1,541 | ) |  |  | 11.49 |
Balance outstanding, September 30, 2022 |  |  | 72,750 |  |  | $ | 11.49 |
Activity for the three- and nine-month periods 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 |
Performance Based Stock Options |
Incentive Stock Option Plans | Activity for the three- and nine-month periods ended September 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 and September 30, 2022 |  |  | 81,808 |  |  | $ | 11.49 |
Activity for the three- and nine-month periods 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, 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-month periods ended September 30, 2022, and 2021 is presented below:
|  | Three and Nine Months Ended September 30, 2022 |  |  | Three and Nine Months Ended September 30, 2021 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 31 st |  |  | 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 31 st |  |  | 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 30 th |  |  | 763,616 |  |  |  | 18.88 |  |  |  | 859,843 |  |  |  | 17.04 |
Granted |  |  | 13,600 |  |  | $ | 18.94 |  |  |  | 3,400 |  |  |  | 15.17 |
Vested |  |  | (1,262 | ) |  |  | 19.39 |  |  |  | (5,962 | ) |  |  | 15.36 |
Forfeited |  |  | (15,945 | ) |  |  | 20.09 |  |  |  | (13,841 | ) |  |  | 17.21 |
Nonvested shares at September 30 th |  |  | 760,009 |  |  | $ | 18.86 |  |  |  | 843,440 |  |  | $ | 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 nine-month periods ended September 30, 2022, and 2021, respectively is presented below:
|  | Three and Nine Months Ended September 30, 2022 |  |  | Three and Nine Months Ended September 30, 2021 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 31 st |  |  | 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 31 st |  |  | 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 30 th |  |  | 327,556 |  |  |  | 16.58 |  |  |  | 389,402 |  |  |  | 16.44 |
Forfeited |  |  | (2,577 | ) |  |  | 17.80 |  |  |  | (3,733 | ) |  |  | 17.04 |
Nonvested shares at September 30 th |  |  | 324,979 |  |  | $ | 16.57 |  |  |  | 385,669 |  |  | $ | 16.43 |

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