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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Stock-Based Compensation [Abstract]  
Unvested Restricted Stock Units Activity
The Company has outstanding restricted stock granted from various plans at December 31, 2020. The Company recognized $4.6 million, $4.2 million and $3.9 million in stock-based compensation expense related to these stock awards for the years ended December 31, 2020, 2019 and 2018, respectively. Tax benefits recognized with respect to restricted stock awards and stock units were $1.0 million, $1.1 million and $1.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. Unrecognized compensation cost related to restricted stock units totaled $5.1 million at December 31, 2020 and will be recognized over 1.5 years on a weighted average basis. Shares issued are funded from the Company’s treasury stock. The following table summarizes information for unvested restricted stock units outstanding as of December 31, 2020:

 
Number
of Shares
   
Weighted-
Average Grant
Date Fair Value
 
Unvested at January 1, 2020
   
555,440
   
$
30.11
 
Forfeited
   
(2,315
)
   
34.82
 
Vested
   
(115,432
)
   
29.93
 
Granted
   
147,562
     
28.61
 
Unvested at December 31, 2020
   
585,255
   
$
29.78
 
Stock Option Activity
The following table summarizes information concerning stock options outstanding:

(In thousands, except share and per share data)
 
Number
of Shares
   
Weighted
Average
Exercise Price
   
Weighted Average
Remaining
Contractual Term
(in Years)
   
Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2020
   
33,145
   
$
23.73
             
Exercised
   
(8,845
)
   
20.87
             
Expired
   
(10,500
)
   
20.74
             
Outstanding at December 31, 2020
   
13,800
   
$
27.83
     
3.36
   
$
75
 
                                 
Exercisable at December 31, 2020
   
13,800
   
$
27.83
     
3.36
   
$
75
 
Cash Proceeds, Tax Benefits and Intrinsic Value of Stock Options Exercised
There was no stock-based compensation expense for stock option awards for the year ended December 31, 2020. Total stock-based compensation expense for stock option awards totaled $1 thousand and $11 thousand for the years ended December 31, 2019 and 2018, respectively. Cash proceeds, tax benefits and intrinsic value related to total stock options exercised is as follows: 

 
Years Ended December 31,
 
(In thousands)
 
2020
   
2019
   
2018
 
Proceeds from stock options exercised
 
$
185
   
$
725
   
$
999
 
Tax benefits related to stock options exercised
   
41
     
123
     
173
 
Intrinsic value of stock options exercised
   
165
     
490
     
692
 
Fair value of shares vested during the year
   
-
     
13
     
16