Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plans (Tables)

v3.22.1
Stock-Based Compensation Plans (Tables)
 3 Months Ended
Mar. 31, 2022
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):
                 
     Shares      Weighted-
Average Grant
Date Fair Value
Per Share		  
Nonvested shares at December 31, 2021
(1)
      980,936      $ 36.58  
Granted
      780,997      $ 47.29  
Vested
(2)
      (176,227 )     $ 36.84  
Forfeited/canceled
      (7,166 )     $ 36.38  
    
 
 
           
Nonvested shares at March 31, 2022
(1)
      1,578,540      $ 41.85  
    
 
 
           
Unrecognized stock-based compensation expense as of March 31, 2022
    $ 61,517           
    
 
 
           
Unrecognized compensation expense is expected to be recognized over a weighted-average period (years) of approximately
      4.22           
    
 
 
           
Weighted average remaining vesting period (years) as of March 31, 2022
      4.22           
    
 
 
           
 
(1)
Nonvested RSUs will be settled through the issuance of new shares of common stock.
(2)
Includes vested shares delivered subsequent to March 31, 2022.
 
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
March 31,		  
     2022      2021  
ESPP
    $ 56      $ 50  
RSUs and RSAs
      3,800        2,238  
    
 
 
     
 
 
  
     $ 3,856      $ 2,288