XML 45 R35.htm IDEA: XBRL DOCUMENT v3.22.1
SHAREHOLDERS EQUITY (Tables)
3 Months Ended
Mar. 31, 2022
SHAREHOLDERS EQUITY  
Schedule of summarizes activity for nonqualified stock options

The following presents activity for nonqualified stock options during the three months ended March 31, 2022:

Weighted

Weighted

Average

Number

Average

Remaining

Aggregate

of

Exercise

Contractual

Intrinsic

    

Options

    

Price

    

Term

    

Value

Outstanding as of December 31, 2021

308,574

$

29.21

Granted

Exercised

(2,511)

23.01

Forfeited or expired

(116,100)

40.00

Outstanding as of March 31, 2022

189,963

22.70

2.8

(1)

Options fully vested / exercisable as of March 31, 2022

189,963

22.70

2.8

(1)

______________________________________

(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

Time

Financial

Market

Vesting

Performance

Performance

    

Units

    

Units

    

Units

Outstanding as of December 31, 2021

249,821

183,483

13,746

Granted

Vested

(414)

(12,100)

Forfeited

(1,967)

(671)

Outstanding as of March 31, 2022

247,440

170,712

13,746

Schedule of financial performance units activity

The following presents the Company’s existing Financial Performance Units as of March 31, 2022 (dollars in thousands, except share amounts):

Grant Period

Threshold Accrual

Maximum Issuable Shares at Current Threshold

Unrecognized Compensation Expense

Weighted-Average (1)

Financial Metric End Date

Vesting Requirement End Date

May 1, 2019 through April 30, 2020

150%

80,255

$

292

1.8 years

December 31, 2021

December 31, 2023

May 1, 2020 through December 31, 2020, excluding November 18, 2020

150%

81,099

400

2.8 years

December 31, 2022

December 31, 2023

On November 18, 2020

150%

34,752

313

2.6 years

December 31, 2022

50% November 18, 2023 & 2025

May 3, 2021 through August 11, 2021

150%

59,963

840

3.8 years

December 31, 2023

December 31, 2025

______________________________________

(1) Represents the expected unrecognized stock-based compensation expense recognition period.

The following presents the Company’s Financial Performance Units activity for the three months ended March 31 (dollars in thousands, except share amounts):

Units Granted

Compensation Expense Recognized

Grant Period

2022

2021

2022

2021

Prior to May 1, 2019

$

$

15

May 1, 2019 through April 30, 2020

61

56

May 1, 2020 through December 31, 2020, excluding November 18, 2020

53

55

On November 18, 2020

30

34

May 3, 2021 through August 11, 2021

81