Quarterly report [Sections 13 or 15(d)]

STOCK BASED AND DEFERRED COMPENSATION (Tables)

v3.25.1
STOCK BASED AND DEFERRED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2025
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,
  2025 2024
Stock-based compensation expense $ 6,325  $ 6,114 
Non-vested shares granted 320,213  281,330 
Performance-based non-vested shares granted 82,907  75,396 
Performance-based shares issued in excess of target shares granted (1)
20,556  31,956 
Restricted stock awards vested (includes performance-based awards) 493,050  480,836 
(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, 2025 December 31, 2024
Unrecognized stock-based compensation cost $ 47,863  $ 30,666 
Weighted average years expense recognition period 2.29 1.95
Total equity awards outstanding (1)
1,154,047  1,256,932 
(1)Includes unvested restricted stock units and performance-based awards (assuming 100%/target payout).