STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

STOCK-BASED COMPENSATION

Components of the Company's stock-based compensation

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense ($ in thousands):

(in thousands)	2021		2020		2019
Time lapse restricted stock:
Pre-tax compensation expense	$	14,865	$	20,850	$	14,158
Tax benefit		(3,208)		(3,752)		(3,596)
Restricted stock expense, net of tax	$	11,657	$	17,098	$	10,562

Summary information on unvested restricted stock outstanding

		Weighted
		Average
	Number of	Grant-Date
(number of shares in thousands)	Shares	Fair Value
Unvested as of December 31, 2018	4,086	$	13.69
Forfeited	(147)		16.40
Vested	(1,201)		11.59
Granted	727		25.60
Unvested as of December 31, 2019	3,465		17.23
Forfeited	(59)		17.11
Vested	(1,397)		15.29
Granted	861		24.53
Unvested Restricted Stock at December 31, 2020	2,870	$	20.36
Forfeited	(191)		25.34
Vested	(861)		16.67
Granted	778		37.04
Unvested Restricted Stock at December 31, 2021	2,596	$	26.16