EQUITY COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Compensation Expense Information Based on Fair Value of Stock Options and RSUs

The following table provides compensation expense information based on the fair value of stock options and RSU's for the years ended December 31 as follows:

(In thousands)	2021		2020		2019
Equity-based Compensation Expense	$	6,460	$	5,184	$	3,843
Tax Benefit	(924)		(709)		(452)
Equity-based Compensation Expense, Net of Tax	$	5,536	$	4,475	$	3,391

Summary of Weighted Average Fair Value of Options Granted

	2021		2020		2019
Weighted Average Fair Value of the Options Granted	$	7.05	$	—	$	11.93

Summary of Weighted-Average Assumptions

The weighted average fair value for these options was estimated at the date of grant using a Black-Scholes option pricing model with the following assumptions:

	2021	2020	2019
Risk-free Interest Rate	0.45% – 1.52%	—%	1.67% – 1.78%
Dividend Yield	—%	—%	—%
Volatility Factor	0.58	—	0.39
Expected Life in Years	5 – 10 years	—	5 – 7 years

Summary of Company's Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the years ended December 31 is as follows:

	2021
(Aggregate intrinsic value in thousands)	Options	Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding at January 1	912,923	$	25.50	$	—
Options Granted	468,350	$	12.64	$	—
Options Exercised	(30,853)	$	10.87	$	—
Options Forfeited	(86,762)	$	17.41	$	—
Outstanding at December 31	1,263,658	$	21.64	$	—
Exercisable at December 31	662,576	$	26.11	$	—

Summary of Weighted Average Exercise Prices and Contractual Lives for Outstanding and Exercisable Stock Options

The following is a summary of weighted average exercise prices and contractual lives for outstanding and exercisable stock options as of December 31, 2021:

	Outstanding				Exercisable
Exercise Price Range	Shares	Weighted Average Remaining Life in Years	Weighted  Average Exercise Price		Shares	Weighted Average Remaining Life in Years	Weighted Average Exercise Price
$3.19 – $14.45	624,885	7.4	$	11.96	156,534	0.9	$	9.92
$22.69 – $35.82	629,646	5.4	$	30.90	496,915	4.9	$	30.85
$45.89 – $45.89	9,127	3.2	$	45.89	9,127	3.2	$	45.89
	1,263,658	6.4	$	21.64	662,576	3.9	$	26.11

Fair Value for Options Granted under Employee Stock Purchase Plan

The fair value for the options granted under the Employee Stock Purchase Plan was estimated at the date of grant using a Black-Scholes option pricing model with the following assumptions:

	2021		2020		2019
Risk-free Interest Rate	0.09	%	0.12	%	1.73	%
Dividend Yield	—	%	—	%	—	%
Volatility Factor	0.71		1.00		0.53
Expected Life in Years	1.0		1.0		1.0