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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Stock Option Plan Activity

The following table summarizes the stock option activity for the six months ended June 30, 2023:

Dollars and shares in thousands, except per share amounts

 

Number of Shares

 

 

Weighted-Average Exercise Price
Per Share

 

 

Weighted-Average Remaining Contractual
Life (Years)

 

 

Aggregate Intrinsic Value

 

Options outstanding at January 1, 2023

 

 

527

 

 

$

23.07

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(18

)

 

 

16.09

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2023

 

 

509

 

 

$

23.32

 

 

 

5.5

 

 

$

3,684

 

Options exercisable at June 30, 2023

 

 

457

 

 

$

22.57

 

 

 

5.3

 

 

$

3,641

 

Summary of Additional Stock Option Information

The following table provides additional stock option information for the periods indicated:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Dollars in thousands, except per share amounts

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted-average grant date fair value per share

 

$

 

 

$

 

 

$

 

 

$

 

Intrinsic value of options exercised

 

$

277

 

 

$

 

 

$

277

 

 

$

2,142

 

Fair value of stock options that vested

 

$

 

 

$

 

 

$

 

 

$

 

Award Grant Fair Value Assumptions The following are the weighted-average assumptions for the PRSU grants during the periods indicated below:

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

Expected volatility

 

 

40.18

%

 

 

39.24

%

Expected dividends

 

 

2.24

%

 

 

 

Risk-free rate

 

 

5.21

%

 

 

1.05

%

Discount for post-vesting restrictions

 

 

8.48

%

 

 

11.93

%

 

Summary of PRSU Activity

The following table summarizes PRSU activity during the six months ended June 30, 2023:

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at January 1, 2023

 

 

70

 

 

$

52.07

 

Granted

 

 

118

 

 

 

32.40

 

Achieved performance adjustment

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Non-vested units at June 30, 2023

 

 

188

 

 

$

39.72

 

Summary of Additional PRSU Information

The following table provides additional PRSU information for the periods indicated:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Dollars in thousands, except per unit amounts

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted-average grant date fair value per unit

 

$

32.40

 

 

$

 

 

$

32.40

 

 

$

52.07

 

Fair value of PRSUs that vested

 

$

 

 

$

 

 

$

 

 

$

 

Summary of RSU Activity

The following table summarizes RSU activity during the six months ended June 30, 2023:

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at January 1, 2023

 

 

108

 

 

$

21.87

 

Granted (target)

 

 

 

 

 

 

Achieved performance adjustment

 

 

28

 

 

 

15.86

 

Vested

 

 

(91

)

 

 

15.86

 

Forfeited

 

 

 

 

 

 

Non-vested units at June 30, 2023

 

 

45

 

 

$

30.22

 

Summary of Additional RSU Information

The following table provides additional RSU information for the periods indicated:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Dollars in thousands, except per unit amounts

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted-average grant date fair value per unit

 

$

 

 

$

 

 

$

 

 

$

 

Fair value of RSUs that vested

 

$

1,445

 

 

$

513

 

 

$

1,445

 

 

$

513

 

Summary of RSA Activity

The following table summarizes RSA activity during the six months ended June 30, 2023:

Dollars and shares in thousands, except per share amounts

 

Shares

 

 

Weighted-Average
Grant Date
Fair Value Per Share

 

Non-vested shares at January 1, 2023

 

 

198

 

 

$

38.99

 

Granted

 

 

233

 

 

 

34.50

 

Vested

 

 

(28

)

 

 

46.41

 

Forfeited

 

 

(2

)

 

 

53.04

 

Non-vested shares at June 30, 2023

 

 

401

 

 

$

35.83

 

Summary of Additional RSA Information

The following table provides additional RSA information for the periods indicated:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Dollars in thousands, except per share amounts

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted-average grant date fair value per share

 

$

28.97

 

 

$

46.86

 

 

$

34.50

 

 

$

40.95

 

Fair value of RSAs that vested

 

$

1,127

 

 

$

939

 

 

$

1,281

 

 

$

1,156