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Share Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Restricted Stock and Performance Stock Units Granted
A summary of restricted stock and performance stock units (“PSU”) granted pursuant to our long-term incentive plan follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Restricted stock2,00084,84660,787
PSU18,79019,748
Share-Based Payment Arrangement, Option, Activity
A summary of outstanding stock option grants and related transactions follows:
Number of
Shares
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (Years)
Aggregated
Intrinsic
Value
(In thousands)
Outstanding at January 1, 202340,307$8.32 
Granted— 
Exercised(23,000)6.42 
Forfeited— 
Expired— 
Outstanding at September 30, 202317,307$10.83 2.0$132 
Vested and expected to vest at September 30, 202317,307$10.83 2.0$132 
Exercisable at September 30, 202317,307$10.83 2.0$132 
Schedule of Nonvested Restricted Stock Units Activity
A summary of outstanding non-vested stock and related transactions follows:
Number
of Shares
Weighted-
Average
Grant Date
Fair Value
Outstanding at January 1, 2023246,136$22.82 
Granted103,63622.84 
Vested(60,623)22.35 
Forfeited(13,888)23.23 
Outstanding at September 30, 2023275,261$24.78 
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards
Certain information regarding options exercised during the periods follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
(In thousands)(In thousands)
Intrinsic value$— $322 $299 $746 
Cash proceeds received$— $52 $148 $124 
Tax benefit realized$— $68 $63 $157