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Stock-based compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Compensation Expense and Income Tax Benefit Recognized

The following table represents the compensation expense and income tax benefits recognized for stock options and restricted stock awards for the periods indicated:

 

 

Three Months Ended March 31, 2024

 

 

 

(in thousands)

 

Stock-based compensation expense

 

 

 

Stock options

 

$

164

 

Restricted stock awards

 

 

160

 

Total stock-based compensation expense

 

$

324

 

Related tax benefits recognized in earnings

 

$

69

 

Schedule of Compensation Cost Related to Non-vested Awards

The following table sets forth the total compensation cost related to non-vested awards not yet recognized and the weighted average period (in years) over which it is expected to be recognized as of the periods indicated:

 

 

March 31, 2024

 

 

December 31, 2023

 

 

 

Amount

 

 

Weighted average period

 

 

Amount

 

 

Weighted average period

 

 

 

(Dollars in thousands)

 

Stock options

 

$

2,997

 

 

 

4.55

 

 

$

3,162

 

 

 

4.80

 

Restricted stock awards

 

 

2,921

 

 

 

4.55

 

 

 

3,081

 

 

 

4.80

 

Total

 

$

5,918

 

 

 

 

 

$

6,243