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Equity Plan Awards (Tables)

12 Months Ended

Dec. 31, 2023

Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

The below tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average period for the years ended December 31, 2023, 2022 and 2021. This projected expense will change if any stock options and restricted stock are granted or cancelled prior to the respective reporting periods, or if there are any changes required to be made for estimated forfeitures.

		Stock-Based Compensation				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
December 31, 2023
Restricted Stock		$	4,830			$	6,593				1.8
Unrestricted Stock			520				217				0.4
Performance-Based Restricted Stock			788				2,500				1.8
Total		$	6,138			$	9,310
December 31, 2022
Restricted Stock		$	4,407			$	6,585				1.8
Unrestricted Stock			499				217				0.4
Performance-Based Restricted Stock			778				2,441				1.8
Total		$	5,684			$	9,243
December 31, 2021
Restricted Stock		$	5,682			$	6,804				1.8
Unrestricted Stock			421				187				0.4
Performance-Based Restricted Stock			777				2,888				1.8
Total		$	6,880			$	9,879

Summary of Option Activity

Activity of the incentive stock option plans:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, December 31, 2020			123,087				11.48
Options exercised			(15,051	)			11.41
Balance outstanding, December 31, 2021			108,036				11.49
Options exercised			(39,140	)			11.49
Balance outstanding, December 31, 2022			68,896				11.49
Options exercised			(4,024	)			11.49
Balance outstanding, December 31, 2023			64,872				11.49

Summary of Stock Options Summarized by Exercise Price

Outstanding stock options at December 31, 2023, summarized by exercise price:

		Outstanding Weighted Average
Exercise Price Per Share		Number of Shares				Remaining Life (Months)		Exercise Price
Outstanding stock options, December 31, 2023			64,872			12		$	11.49

Performance Based Stock Options

Summary of Option Activity

Activity of the performance incentive stock option plan:

		Number of Shares				Weighted Average Price Per Share
Balance outstanding, December 31, 2021 and 2020			114,658			$	11.49
Options exercised			(32,850	)			11.49
Balance outstanding, December 31, 2022			81,808			$	11.49
Options exercised			—				11.49
Balance outstanding, December 31, 2023			81,808			$	11.49

Restricted and Unrestricted Stock

Summary of Non-Vested Shares

A summary of nonvested restricted and unrestricted stock is presented below:

		2023								2022								2021
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at January 1st			742,050			$	18.86				817,290			$	17.04				820,624			$	16.64
Granted			306,515				20.31				256,417				23.53				295,619				20.00
Vested			(319,751	)			14.90				(262,521	)			17.84				(244,651	)			19.23
Forfeited			(42,629	)			20.61				(69,136	)			18.58				(54,302	)			17.11
Nonvested shares at December 31st			686,185			$	21.24				742,050			$	18.86				817,290			$	17.04

Performance Based Restricted Stock

Summary of Non-Vested Shares

A summary of nonvested performance-based stock is presented below:

		December 31, 2023								December 31, 2022								December 31, 2021
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at January 1st			318,699			$	18.05				379,061			$	16.43				391,771			$	16.26
Granted			94,028				21.51				83,190				23.63				102,043				20.03
Change based on performance achievement			(58,827	)			14.73				(68,484	)			16.87				71,180				20.53
Vested			(86,188	)			13.99				(51,308	)			17.09				(175,087	)			19.78
Forfeited			(4,387	)			17.67				(23,760	)			17.21				(10,846	)			16.89
Nonvested shares at December 31st			263,325			$	21.37				318,699			$	18.05				379,061			$	16.43

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