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STOCK COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2022
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, 2022 is as follows:
| Options |  | Weighted- average exercise price |  | Weighted- average remaining contractual life (years) |  | Aggregate intrinsic value (in thousands)
Options outstanding, January 1, 2022 | 1,094,575 |  |  | $ | 13.64 |  |  |  |  |
Grants | 56,000 |  |  | 11.45 |  |  |  |  |
Exercises | (60,000) |  |  | 11.64 |  |  |  |  |
Cancellations | (5,125) |  |  | 10.60 |  |  |  |  |
Expirations | (13,450) |  |  | 13.99 |  |  |  |  |
Options outstanding, September 30, 2022 | 1,072,000 |  |  | 13.65 |  |  | 4.7 |  | $ | 13 |
Options exercisable, September 30, 2022 | 957,125 |  |  | $ | 13.92 |  |  | 4.2 |  | $ | 6 |
Total unrecognized stock option expense remaining (in thousands) | $ | 550 |  |  |  |  |  |  |
Weighted-average years expected to be recognized over | 2.0 |  |  |  |  |  |
Summary of Restricted Stock Activity | A summary of the Company’s restricted stock activity and related information for the nine months ended September 30, 2022 is as follows:
| Restricted Shares |  | Weighted- average grant date fair value
Non-vested restricted shares, January 1, 2022 | 429,601 |  |  | $ | 11.47 |
Grants | 266,713 |  |  | 12.03 |
Vested | (171,924) |  |  | 11.89 |
Cancellations | (6,881) |  |  | 10.92 |
Non-vested restricted shares, September 30, 2022 | 517,509 |  |  | $ | 11.63 |
Total unrecognized compensation expense remaining (in thousands) | $ | 4,771 |  |  |
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, 2022 is as follows:
| Performance- based stock awards (1) |  | Weighted- average grant date fair value
Non-vested performance-based awards, January 1, 2022 | 436,330 |  |  | $ | 10.54 |
Grants | 123,000 |  |  | 12.19 |
Achieved performance over target (2) | 12,035 |  |  | 9.20 |
Vested | (166,935) |  |  | 9.20 |
Cancellations | (4,128) |  |  | 10.64 |
Non-vested performance-based awards, September 30, 2022 | 400,302 |  |  | $ | 11.56 |
Total unrecognized compensation expense remaining (in thousands) | $ | 2,461 |  |  |
Weighted-average years expected to be recognized over | 1.7 |  |
(1)Represents the target number of shares to be issued for each performance-based award. (2)Represents the number of shares earned over target for performance-based awards granted in 2019 based on performance goals attained. These awards vested in the three months ended March 31, 2022.
Share-based Payment Arrangement, Cash Settled Performance Shares, Activity [Table Text Block] | A summary of the Company’s cash-settled performance-based awards activity and related information for the nine months ended September 30, 2022 is as follows:
| Cash-settled performance-based awards (1) |  | Weighted- average fair value
Non-vested cash-settled performance-based awards, January 1, 2022 | — |  |  | $ | — |
Grants | 87,825 |  |  | 6.85 |
Cancellations | (2,049) |  |  | 10.39 |
Non-vested cash-settled performance-based awards, September 30, 2022 | 85,776 |  |  | $ | 6.77 |
Total unrecognized compensation expense remaining (in thousands) | $ | 464 |  |  |
Weighted-average years expected to be recognized over | 2.3 |  |
(1) Represents the target number of units to be settled in cash.
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 | 2022 |  | 2021 |  | 2022 |  | 2021
Equity based stock option expense | $ | 51 |  |  | $ | 95 |  |  | $ | 231 |  |  | $ | 321 |
Restricted and performance-based stock awards expense | 972 |  |  | 1,097 |  |  | 3,223 |  |  | 3,633 |
Stock compensation expense for equity based awards | $ | 1,023 |  |  | $ | 1,192 |  |  | $ | 3,454 |  |  | $ | 3,954 |
Liability based stock option expense | (11) |  |  | 9 |  |  | (17) |  |  | 19 |
Cash-settled performance-based awards expense | 14 |  |  | — |  |  | 128 |  |  | — |
Total Stock Compensation Expense | $ | 1,026 |  |  | $ | 1,201 |  |  | $ | 3,565 |  |  | $ | 3,973 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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