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Stock and Incentive Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Plan Activity

The following tables summarize the Stock Plan activity for the periods presented:

 

 

Three Months Ended June 30, 2023

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

176,411

 

 

 

365,387

 

Granted

 

 

 

 

 

25,930

 

Released from restriction

 

 

 

 

 

(21,440

)

Forfeited

 

 

(2,197

)

 

 

(5,679

)

Nonvested units, end of period

 

 

174,214

 

 

 

364,198

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

148,416

 

 

 

312,978

 

Granted

 

 

70,666

 

 

 

145,003

 

Released from restriction

 

 

(39,943

)

 

 

(87,541

)

Forfeited

 

 

(4,925

)

 

 

(6,242

)

Nonvested units, end of period

 

 

174,214

 

 

 

364,198

 

 

Compensation Expense for Awards and Units Under Stock Plan

The following table presents information regarding compensation expense for units under the Stock Plan for the periods presented ($ in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Performance units

 

$

454

 

 

$

406

 

 

$

732

 

 

$

535

 

Time-vested units

 

 

1,109

 

 

 

834

 

 

 

2,546

 

 

 

1,950

 

Total compensation expense

 

$

1,563

 

 

$

1,240

 

 

$

3,278

 

 

$

2,485