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SHAREHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of summarizes activity for nonqualified stock options
The following presents activity for nonqualified stock options during the nine months ended September 30, 2023:
Number
of
Options		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value
Outstanding as of December 31, 2022184,165$22.76 
Exercised(12,260)20.00 
Forfeited or expired(22,180)20.11 
Outstanding as of September 30, 2023149,72523.38 1.6
(1)
Options fully vested / exercisable as of September 30, 2023149,72523.38 1.6
(1)
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(1)Nonqualified stock options outstanding at the end of the period and those fully vested/exercisable had immaterial aggregate intrinsic values.
Schedule of summarizes the activity for the Time Vesting Units, the Financial Performance Units and the Market Performance Units
The following presents the activity for the Time Vesting Units, the Financial Performance Units, and the Market Performance Units during the nine months ended September 30, 2023:
Time
Vesting
Units		Financial
Performance
Units		Market
Performance
Units
Outstanding as of December 31, 2022285,995235,512—
Granted77,871102,167—
Vested(72,862)——
Forfeited (29,707)(24,937)—
Outstanding as of September 30, 2023261,297312,742—
Schedule of financial Performance Units activity
The following presents the Company’s existing Financial Performance Units as of September 30, 2023 (dollars in thousands, except share amounts):
Grant PeriodThreshold AccrualMaximum Issuable
Shares at Current
Threshold		Unrecognized Compensation
Expense
Weighted-Average (1)
Financial Metric End DateVesting Requirement End Date
May 1, 2019 through April 30, 2020150 %62,625$47 0.3 yearsDecember 31, 2021December 31, 2023
May 1, 2020 through December 31, 2020, excluding November 18, 2020150 70,536237 1.3 yearsDecember 31, 2022December 31, 2023
On November 18, 2020114 23,12990 2.1 yearsDecember 31, 2022
50% November 18, 2023 & 2025
May 3, 2021 through August 11, 202192 31,030384 2.3 yearsDecember 31, 2023December 31, 2025
May 2, 2022 through November 2, 2022, excluding August 4, 2022 (2)
0 — — 3.3 yearsDecember 31, 2024December 31, 2026
On August 4, 2022 (3)
33 9,090184 3.3 yearsDecember 31, 2024December 31, 2026
On May 1, 2023 (2)
0 — — 4.3 yearsDecember 31, 2025December 31, 2027
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(1)Represents the expected unrecognized stock-based compensation expense recognition period.
(2) As the performance threshold is not expected to be met in future performance periods, there is no related unrecognized compensation as of September 30, 2023.
(3) Performance threshold was not met for the year ended December 31, 2022. As of September 30, 2023, the threshold is not expected to be met for the year ended December 31, 2023. The 100% threshold is expected to be met for the year ended December 31, 2024.
The following presents the Company’s Financial Performance Units activity during the periods presented (dollars in thousands, except share amounts):
Units GrantedCompensation Expense Recognized
Nine Months Ended September 30,Three Months Ended September 30,Nine Months Ended September 30,
Grant Period202320222023202220232022
May 1, 2019 through April 30, 2020 (3)
22,577—$(18)$4 $65 $94 
May 1, 2020 through December 31, 2020, excluding November 18, 2020 (3)
24,230—29 45 115 127 
On November 18, 2020 (3)
2,921—91 (1)131 27 
May 3, 2021 through August 11, 2021——10 72 (81)211 
May 2, 2022 through November 2022, excluding August 4, 2022 (1)
32264,629— 31 — 89 
August 4, 2022 (2)
—27,27214 28 19 28 
On May 1, 2023 (1)
52,117—— — — — 
(1) Performance threshold was not met as of the three and nine months ended September 30, 2023, therefore, no compensation expense was recognized for the three and nine months ended September 30, 2023.
(2) Performance threshold was not met for the year ended December 31, 2022. As of September 30, 2023, the threshold is not expected to be met for the year ended December 31, 2023. The 100% threshold is expected to be met for the year ended December 31, 2024.
(3) Granted shares represent the final performance period payout percentage above the 100% threshold initially granted.