SHAREHOLDERS EQUITY (Tables)

6 Months Ended

Jun. 30, 2022

SHAREHOLDERS EQUITY

Schedule of summarizes activity for nonqualified stock options

The following presents activity for nonqualified stock options during the six months ended June 30, 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		(6,809)		21.47
Forfeited or expired		(116,100)		40.00
Outstanding as of June 30, 2022		185,665		22.75		2.6		(1)
Options fully vested / exercisable as of June 30, 2022		185,665		22.75		2.6		(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

	Time	Financial	Market
	Vesting	Performance	Performance
	Units	Units	Units
Outstanding as of December 31, 2021	249,821	183,483	13,746
Granted	126,004	64,629	—
Vested	(75,220)	(12,100)	—
Forfeited	(14,007)	(12,086)	(13,746)
Outstanding as of June 30, 2022	286,598	223,926	—

Schedule of financial performance units activity

The following presents the Company’s existing Financial Performance Units as of June 30, 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%	76,797	$	242	1.6 years	December 31, 2021	December 31, 2023
May 1, 2020 through December 31, 2020, excluding November 18, 2020	150%	76,886		345	2.5 years	December 31, 2022	December 31, 2023
On November 18, 2020	134%	29,212		278	2.4 years	December 31, 2022	50% November 18, 2023 & 2025
May 3, 2021 through August 11, 2021	150%	56,148		735	3.5 years	December 31, 2023	December 31, 2025
On May 2, 2022	79%	49,127		2,988	4.5 years	December 31, 2024	December 31, 2026

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

The following presents the Company’s Financial Performance Units activity during the periods presented (dollars in thousands, except share amounts):

	Units Granted				Compensation Expense Recognized
	Six Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,
Grant Period	2022		2021		2022		2021			2022	2021
Prior to May 1, 2019		—		—	$	—		3		—	$	18
May 1, 2019 through April 30, 2020		—		—		29		61		90		117
May 1, 2020 through December 31, 2020, excluding November 18, 2020		—		—		29		54		82		109
On November 18, 2020				—		(2)		30		28		64
May 3, 2021 through August 11, 2021		—		41,366		58		57		139		57
On May 2, 2022		64,629		—		58		—		58		—