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Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023
Time-Based Restricted Stock		$	1,198			$	5,304				1.7
Unrestricted Stock			130				87				0.2
Performance-Based Restricted Stock			146				1,978				1.7
Total		$	1,474			$	7,369
March 31, 2022
Time-Based Restricted Stock		$	993			$	5,411				1.7
Unrestricted Stock			117				78				0.2
Performance-Based Restricted Stock			453				2,319				1.7
Total		$	1,563			$	7,808

Incentive Stock Option Plans

Activity of the incentive stock option plans for the three months ended March 31, 2023:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, December 31, 2022			68,896			$	11.49
Options exercised			(1,537	)			11.49
Balance outstanding, March 31, 2023			67,359			$	11.49

Restricted and Unrestricted Stock

Summary of Non-Vested Shares

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

		Three Months Ended March 31, 2023								Three Months Ended March 31, 2022
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			742,050			$	18.86				817,290			$	17.04
Vested			(2,017	)			15.71				(230,080	)			17.31
Forfeited			(5,479	)			19.87				(24,109	)			17.10
Nonvested shares at March 31st			734,554			$	18.86				563,101			$	16.93

Performance Based Restricted Stock

Summary of Non-Vested Shares

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

		Three Months Ended March 31, 2023								Three Months Ended March 31, 2022
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			318,699			$	18.05				379,061			$	16.43
Additional granted (forfeited) based on performance achievement			—				—				(41,088	)			16.56
Vested			—				—				(78,704	)			17.18
Forfeited			—				—				(7,074	)			16.77
Nonvested shares at March 31st			318,699			$	18.05				252,195			$	16.17

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Tabular disclosure of share-based payment arrangement.

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