Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED AND DEFERRED COMPENSATION (Tables)

v3.23.1
STOCK BASED AND DEFERRED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Compensation Expense and Stock Award Activity Below is a summary of stock-based compensation expense and stock award activity (dollars in thousands):
  Three Months Ended March 31,
  2023 2022
Stock-based compensation expense $ 6,225  $ 5,975 
Non-vested shares granted 178,312  264,862 
Performance-based non-vested shares granted 42,964  40,004 
Performance-based shares issued in excess of target shares granted (1)
26,167  37,146 
Restricted stock awards vested (includes performance-based awards) 287,171  392,160 
(1)Performance-based shares that vested and were issued as a result of performance achievement exceeding the originally established targeted number of shares related to respective performance metrics.
Summary of Additional Information Regarding Stock Plan
The following table includes additional information regarding our stock compensation plan (dollars in thousands):
  As of
  March 31, 2023 December 31, 2022
Unrecognized stock-based compensation cost $ 42,820  $ 29,187 
Weighted average years expense recognition period 2.24 1.98
Total equity awards outstanding (1)
760,194  803,769 
(1)Includes unvested restricted stock awards, restricted stock units and performance-based awards (assuming 100%/target payout).