The Company reserved 3,000,000 shares of common stock under the 2014 Stock Incentive Plan with a term of ten years expiring in April 2024. This plan provides for the issuance of various forms of stock incentives, including among others, incentive and non-qualified stock options and restricted shares. As of June 30, 2022, there were approximately 1,074,747 shares available for grant.

Stock-based compensation for the three and six months ended June 30, 2022 and 2021 were as follows:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2022		2021		2022		2021
Pre – tax cost	$	820	$	571	$	1,430	$	1,124
After tax cost		639		446		1,115		877

The following is a summary of the changes in non-vested restricted shares for the six months ended June 30, 2022:


		Weighted
		Average
		Grant-Date
	Shares	Fair Value
Non-vested shares at December 31, 2021	671,370	$	14.70
Granted	311,703		11.61
Vested	(193,403)		11.96
Forfeited	(4,700)		14.54
Non-vested shares at June 30, 2022	784,970	$	14.15

The total fair value of shares vested was approximately $2,241,000 during the six months ended June 30, 2022 and approximately $3,174,000 during the six months ended June 30, 2021.

For the six months ended June 30, 2022, approximately $22,000 of excess tax benefit for stock-based compensation awards was recorded as a discrete tax adjustment and classified within Net cash provided by operating activities in the accompanying Consolidated Statements of Cash Flows compared to approximately $304,000 for the six months ended June 30, 2021.