STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2022

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

7.    STOCK-BASED COMPENSATION

We recognized stock-based compensation expense as follows (amounts in thousands):

	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2022		2021		2022		2021
Restricted stock	$	1,140	$	1,116	$	3,496	$	2,198
Performance stock		658		(43)		2,136		801
Stock appreciation rights		283		414		975		1,290
Stock options		9		16		25		51
Total stock-based compensation expense	$	2,090	$	1,503	$	6,632	$	4,340

Stock-based compensation expense is included within General and administrative expense in the consolidated statements of operations and comprehensive income.

During the three and nine months ended September 30, 2022 and 2021, we granted the following stock-based compensation awards:

	Three Months Ended			Nine Months Ended
	September 30,		September 30,	September 30,		September 30,
	2022	2021		2022	2021
	(Number of shares)			(Number of shares)
Performance stock (at maximum 200% attainment)	—		73,200	39,380		73,200
Restricted Stock	—		50,604	28,220		50,604
Total equity awards granted	—		123,804	67,600		123,804

As of September 30, 2022, unrecognized compensation expense (expressed in thousands below) and weighted-average vesting period for each of our stock-based compensation awards were as follows:

	Unrecognized		Weighted-
	compensation		average vesting
	expense		period (years)
Restricted stock	$	7,361		2.2
Performance stock		5,265		2.0
Stock appreciation rights		701		0.9
Stock options		25		0.9