Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plans (Tables)

v3.21.2
Stock-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share based Compensation Restricted Stock Awards, RSUs, Unrecognized Stock Based Compensation, Weighted Average Grant Date Fair Value per Share and Weighted Average Remaining Vesting Period [Table Text Block]
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       269,474       81,566       363,532     $ 38.74  
Vested
      (16,728 )      (163,758 )      (77,968 )      (258,454 )    $ 31.93  
Transferred
      —         (9,057 )      9,057       —       $ 34.49  
Forfeited/canceled
      —         (25,470 )      (6,345 )      (31,815 )    $ 33.06  
    
 
 
    
 
 
    
 
 
    
 
 
          
Nonvested shares at September 30, 2021
(1)
      12,492       708,839       270,311       991,642     $ 35.52  
    
 
 
    
 
 
    
 
 
    
 
 
          
Unrecognized stock-based compensation expense as of September 30, 2021
(2)
    $ 265     $ 22,090     $ 8,499     $ 30,854          
    
 
 
    
 
 
    
 
 
    
 
 
          
Weighted average remaining vesting period (years) as of September 30, 2021
      0.59       3.60       3.44       3.53          
    
 
 
    
 
 
    
 
 
    
 
 
          
 
(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 3.53 years.
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,
 
 
  
2021
 
  
2020
 
  
2021
 
  
2020
 
ESPP
    $ 33      $ 62      $ 107      $ 145  
RSAs –
non-employee
directors
      114        120        338        493  
RSUs – employees
      1,731        1,413        4,932        4,583  
RSUs – independent contractors
      825        788        2,276        2,330  
    
 
 
     
 
 
     
 
 
     
 
 
  
     $
 
  2,703      $
 
  2,383      $
 
  7,653      $
 
  7,551