Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED AND DEFERRED COMPENSATION (Tables)

v3.24.2
STOCK BASED AND DEFERRED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30, Six Months Ended June 30,
  2024 2023 2024 2023
Stock-based compensation expense $ 4,718  $ 4,176  $ 10,832  $ 10,401 
Non-vested shares granted —  2,100  140,665  180,412 
Performance-based non-vested shares granted —  —  37,698  42,964 
Performance-based shares issued in excess of target shares granted (1)
—  —  15,978  26,167 
Restricted stock awards vested (includes performance-based awards) 8,200  —  248,618  287,171 
(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
  June 30, 2024 December 31, 2023
Unrecognized stock-based compensation cost $ 38,819  $ 27,791 
Weighted average years expense recognition period 2.11 1.94
Total equity awards outstanding (1)
627,937  703,415 
(1)Includes unvested restricted stock units and performance-based awards (assuming 100%/target payout).