Equity Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Equity Compensation [Abstract]

Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized

The following table summarizes the equity compensation expense and related income tax benefit recognized in the consolidated statements of income (in thousands): 

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Restricted awards:
Pre-tax compensation expense	$	1,606	$	1,375	$	4,693	$	3,863
Tax benefit	410		351		1,197		985
Restricted stock expense, net of tax	$	1,196	$	1,024	$	3,496	$	2,878
Performance awards:
Pre-tax compensation expense	$	1,144	$	1,086	$	3,299	$	2,149
Tax benefit	291		277		841		548
Performance award expense, net of tax	$	853	$	809	$	2,458	$	1,601

Schedule of Equity Compensation, Restricted Award Activity

The following table summarizes restricted award activity for the nine months ended September 30, 2021:

	Number of Restricted Awards (in thousands)	Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	367	$	35.78
Granted	130	41.96
Vested	(123)	35.09
Forfeited	(13)	36.88
Nonvested at end of period	361	38.20

Schedule of Equity Compensation, Performance Award Activity

The following table summarizes performance award activity for the nine months ended September 30, 2021:

	Number of Performance Awards (in thousands)	Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	262	$	32.96
Granted	77	38.48
Vested	(100)	33.04
Forfeited	—	—
Nonvested at end of period	239	34.70