Note 3 - Share-based Compensation

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

3. Share-based Compensation

The following table summarizes the components of our share-based compensation program expense (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Restricted share units:
Pretax compensation expense	$	14,655	$	11,677	$	42,550	$	34,669
Tax benefit		3,664		2,931		10,638		8,702
Restricted share unit expense, net of tax	$	10,991	$	8,746	$	31,912	$	25,967
Performance share units:
Pretax compensation expense	$	5,498	$	4,269	$	17,187	$	12,742
Tax benefit		1,375		1,071		4,297		3,198
Performance share unit expense, net of tax	$	4,123	$	3,198	$	12,890	$	9,544

As of September 30, 2022, we had $81.8 million and $31.3 million of total unrecognized compensation expense related to restricted share units and performance share units, respectively, that is to be recognized over the remaining weighted average period of approximately 2.9 years for restricted share units and 2.6 years for performance share units. During the nine months ended September 30, 2022, we issued 128,769 shares for vested restricted share units and 108,823 shares for vested performance share units. Of this total, 114,956 shares for vested restricted share units and no shares for vested performance share units were issued during the third quarter 2022.