XML 43 R34.htm IDEA: XBRL DOCUMENT v3.23.2
STOCK-BASED COMPENSATION AND EQUITY (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Total Stock-Based Compensation Expense The following table details total stock-based compensation expense for the three and six months ended June 30, 2023 and 2022, included in the condensed consolidated statements of income:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2023202220232022
Costs of sales$140 $291 $320 $577 
Operating expenses(263)1,412 804 2,843 
Pre-tax stock-based compensation expense(123)1,703 1,124 3,420 
Less: income tax effect27 (375)(247)(752)
Net stock-based compensation expense$(96)$1,328 $877 $2,668 
Summary of Restricted Stock Activity
A summary of restricted stock activity under the Plan during the six months ended June 30, 2023 and 2022 is as follows:
Six Months Ended June 30, 2023Six Months Ended June 30, 2022
SharesWeighted-Average
Grant Date
Fair Value Per Share
SharesWeighted-Average
Grant Date
Fair Value Per Share
Unvested restricted stock outstanding at beginning of period281,161 $32.24 314,883 $29.79 
Granted186,822 29.23 144,064 34.44 
Vested(139,760)31.31 (181,405)29.79 
Forfeited— — (8,936)31.60 
Unvested restricted stock outstanding at end of period328,223 $30.92 268,606 $32.22 
Summary of Performance Share Award Activity
A summary of performance share award activity under the Plan during the six months ended June 30, 2023 and 2022 is as follows, based on the target award amounts set forth in the performance share award agreements:
Six Months Ended June 30, 2023Six Months Ended June 30, 2022
SharesWeighted-Average
Grant Date
Fair Value Per Share
SharesWeighted-Average
Grant Date
Fair Value Per Share
Performance share awards outstanding at beginning of period252,375 $31.84 249,952 $29.59 
Granted122,071 31.21 101,799 37.98 
Forfeited or unearned(96,069)26.96 (45,060)31.70 
Earned and issued— — (27,317)31.75 
Performance share awards outstanding at end of period278,377 $33.25 279,374 $32.09