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STOCK COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the nine months ended September 30, 2021 is as follows:

			Options						Weighted- average exercise price						Weighted- average remaining contractual life (years)						Aggregate intrinsic value (in thousands)
Options outstanding, January 1, 2021			1,286,900						$	13.28
Grants			48,000						14.18
Exercises (1)			(235,325)						11.70
Expirations			(4,000)						19.10
Options outstanding, September 30, 2021			1,095,575						13.64						5.1						$	5,153
Options exercisable, September 30, 2021			912,115						$	14.31					4.5						$	3,700
Total unrecognized stock option expense remaining (in thousands)			$	560
Weighted-average years expected to be recognized over			1.6

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the nine months ended September 30, 2021 is as follows:

			Restricted Shares						Weighted- average grant date fair value
Non-vested restricted shares, January 1, 2021			795,587						$	7.54
Grants			220,658						14.27
Vested			(552,880)						7.07
Cancellations			(400)						11.42
Non-vested restricted shares, September 30, 2021			462,965						$	11.31
Total unrecognized compensation expense remaining (in thousands)			$	4,272
Weighted-average years expected to be recognized over			1.7

Summary of Performance-based Award Activity

A summary of the Company’s performance-based award activity and related information for the nine months ended September 30, 2021 is as follows:

			Performance- based stock awards (1)						Weighted- average grant date fair value
Non-vested performance-based awards, January 1, 2021			431,046						$	9.94
Grants			176,915						14.18
Vested			(150,273)						12.79
Cancellations			(21,358)						12.76
Non-vested performance-based awards, September 30, 2021			436,330						$	10.54
Total unrecognized compensation expense remaining (in thousands)			$	2,793
Weighted-average years expected to be recognized over			2.0

(1)Represents the target number of shares to be issued for each performance-based award.

Summary of Stock Compensation Expense

The Company recorded stock compensation expense as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
Stock Compensation Expense Components			2021						2020						2021						2020
Equity based stock option expense			$	95					$	143					$	321					$	428
Restricted and performance-based stock awards expense			1,097						1,427						3,633						3,877
Stock compensation expense for equity based awards			$	1,192					$	1,570					$	3,954					$	4,305
Liability based stock option expense			9						5						19						16
Total Stock Compensation Expense			$	1,201					$	1,575					$	3,973					$	4,321

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

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