Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plans (Tables)

v3.21.2
Stock-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2021
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, 2020
(1)
      16,728       637,650       264,001       918,379    
$
 33.73  
Granted
      12,492       247,469       15,386       275,347    
$
 38.57  
Vested
      (16,728 )      (155,379 )      (27,936 )      (200,043 )   
$
 32.31  
Transferred
      —         (3,220 )      3,220       —      
$
 31.05  
Forfeited/canceled
      —         (16,476 )      (3,585 )      (20,061 )   
$
 33.05  
    
 
 
    
 
 
    
 
 
    
 
 
          
Nonvested shares at June 30, 2021
(1)
      12,492       710,044       251,086       973,622    
$
 34.86  
    
 
 
    
 
 
    
 
 
    
 
 
          
Unrecognized stock-based compensation expense as of June 30, 2021
(2)
    $ 378     $ 23,442     $ 6,634     $ 30,454          
    
 
 
    
 
 
    
 
 
    
 
 
          
Weighted average remaining vesting period (years) as of June 30, 2021
      0.84       3.75       2.99       3.55          
    
 
 
    
 
 
    
 
 
    
 
 
          
 
(1)
Nonvested RSUs will be settled through the issuance of new shares of common stock.
(2)
The total unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 3.55 years.
Schedule of Future Share Settlements
     June 30, 2021  
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
June 30,		      Six Months Ended
June 30,		  
     2021      2020      2021      2020  
ESPP
    $
 
 24      $
 
 36      $
 
 74      $
 
 83  
RSAs –
non-employee
directors
      113        213        224        373  
RSUs – employees
      1,747        1,514        3,201        3,170  
RSUs – independent contractors
      778        773        1,451        1,542  
    
 
 
     
 
 
     
 
 
     
 
 
  
     $ 2,662      $ 2,536      $ 4,950      $ 5,168