Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plans (Tables)

v3.20.2
Stock-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Outstanding Awards Under 2013 Omnibus Equity Incentive Plan
Activity under the 2013 Plan consisted of the following (dollars in thousands, except weighted average per share data):
 
     RSA Grants to
Non-employee

Directors		     RSU Grants
to
Employees		     RSU Grants to
Independent
Contractors		     Total     Weighted-
Average Grant
Date Fair Value
Per Share		  
Nonvested shares at December 31, 2019
      17,480       525,115       257,480       800,075     $ 33.91  
Granted
      19,516       306,008       83,738       409,262       32.88  
Vested
      (20,268 )      (164,091 )      (84,300 )      (268,659 )      33.08  
Transferred
      —         (18,294 )      18,294       —         33.67  
Forfeited/canceled
      —         (16,804 )      (7,230 )      (24,034 )      34.84  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Nonvested shares at September 30, 2020
      16,728       631,934       267,982       916,644       33.67  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Unrecognized stock-based compensation expense as of September 30, 2020
(1)
    $ 266     $ 18,779     $ 8,174     $ 27,219    
  
 
 
    
 
 
    
 
 
    
 
 
    
Weighted average remaining vesting period (years) as of September 30, 2020
      0.59       3.74       3.31       3.58    
  
 
 
    
 
 
    
 
 
    
 
 
    
 
(1)
The total unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 3.58 years.
Schedule of Future Share Settlements
     September 30,
 
2020		  
2021
      60,373  
2022
      281,193  
  
 
 
  
     341,566  
  
 
 
  
Stock-Based Compensation Expense
Components of stock-based compensation are included in selling, general and administrative expense in the condensed consolidated statements of net and comprehensive income and consisted of the following (in thousands):
 
     Three Months
 
Ended
September 30,		      Nine Months Ended
September 30,		  
     2020      2019      2020      2019  
ESPP
    $ 62      $ 40      $ 145      $ 108  
RSAs –
non-employee
directors
      120        157        493        481  
RSUs – employees
      1,413        1,230        4,583        4,197  
RSUs – independent contractors
      788        687        2,330        2,254  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 2,383      $ 2,114      $ 7,551      $ 7,040