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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Stock-Based Compensation [Abstract]  
Unvested Restricted Stock Units Activity
The Company has outstanding restricted stock granted from various plans at December 31, 2021. The Company recognized $4.4 million, $4.6 million and $4.2 million in stock-based compensation expense related to these stock awards for the years ended December 31, 2021, 2020 and 2019, respectively. Tax benefits recognized with respect to restricted stock awards and stock units were $1.9 million, $1.0 million and $1.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. Unrecognized compensation cost related to restricted stock units totaled $4.7 million at December 31, 2021 and will be recognized over 1.5 years on a weighted average basis. Shares issued are funded from the Company’s treasury stock. The following table summarizes information for unvested restricted stock units outstanding as of December 31, 2021:

 
Number
of Shares
   
Weighted-
Average Grant
Date Fair Value
 
Unvested at January 1, 2021
   
585,255
   
$
29.78
 
Forfeited
   
(29,747
)
   
30.60
 
Vested
   
(202,765
)
   
29.48
 
Granted
   
141,289
     
34.03
 
Unvested at December 31, 2021
   
494,032
   
$
30.89
 
Stock Option Activity
The following table summarizes information concerning stock options outstanding:

(In thousands, except share and per share data)
 
Number
of Shares
   
Weighted
Average
Exercise Price
   
Weighted Average
Remaining
Contractual Term
(in Years)
   
Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2021
   
13,800
   
$
27.83
             
Exercised
   
(4,700
)
   
23.82
             
Expired
   
-
   
-
             
Outstanding at December 31, 2021
   
9,100
   
$
29.89
     
4.07
   
$
82
 
                                 
Exercisable at December 31, 2021
   
9,100
   
$
29.89
     
4.07
   
$
82
 
Cash Proceeds, Tax Benefits and Intrinsic Value of Stock Options Exercised
There was no stock-based compensation expense for stock option awards for the years ended December 31, 2021 and 2020. Total stock-based compensation expense for stock option awards totaled $1 thousand for the year ended December 31, 2019. Cash proceeds, tax benefits and intrinsic value related to total stock options exercised is as follows: 

 
Years Ended December 31,
 
(In thousands)
 
2021
   
2020
   
2019
 
Proceeds from stock options exercised
 
$
112
   
$
185
   
$
725
 
Tax benefits related to stock options exercised
   
13
     
41
     
123
 
Intrinsic value of stock options exercised
   
52
     
165
     
490
 
Fair value of shares vested during the year
   
-
     
-
     
13