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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
STOCK-BASED COMPENSATION  
Schedule of recognized stock-based compensation expense

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended

​

Six Months Ended

​

Fiscal Years Ended

​

​

December 31,

​

December 31,

​

June 30,

​

June 30,

​

    

2022

    

2021

    

2021

    

2020

Restricted stock

​

$

4,515

​

$

2,006

​

$

2,668

​

$

5,117

Performance stock

​

​

2,685

​

​

405

​

​

1,317

​

​

1,291

Stock appreciation rights

​

​

1,179

​

​

779

​

​

1,677

​

​

2,545

Stock options

​

​

32

​

​

28

​

​

68

​

​

163

Total stock-based compensation expense

​

$

8,411

​

$

3,218

​

$

5,730

​

$

9,116

​

Schedule of valuation assumptions

​

​

​

​

​

​

​

​

​

​

​

​

​

Stock Options

​

​

​

Year Ended

​

Six Months Ended

​

Fiscal Years Ended

​

​

​

December 31,

​

December 31,

​

June 30,

​

June 30,

​

​

​

2022

​

2021

​

2021

    

2020

    

Weighted-average expected volatility

    

—

%  

—

%  

39.4

%  

34.4

%  

Weighted-average expected life in years

 

—

 

—

 

4.4

 

4.5

 

Weighted-average dividend yield

 

—

%  

—

%  

0.9

%  

1.0

%  

Weighted-average risk free interest rate

 

—

%  

—

%  

0.2

%  

1.6

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

SSARs

 

​

​

Year Ended

​

Six Months Ended

​

Fiscal Years Ended

​

​

​

December 31,

​

December 31,

​

June 30,

​

June 30,

​

​

​

2022

​

2021

​

2021

​

2020

 

Weighted-average expected volatility

​

—

%  

—

%  

39.2

%  

34.6

%

Weighted-average expected life in years

​

—

 

—

 

4.2

 

4.7

​

Weighted-average dividend yield

​

—

%  

—

%  

0.9

%  

1.0

%

Weighted-average risk free interest rate

​

—

%  

—

%  

0.2

%  

1.6

%

​

Summary of stock options activity

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted-

    

​

​

​

​

​

​

Weighted-

​

Average

​

​

​

​

​

​

​

Average

​

Remaining

​

Aggregate

​

​

Number of

​

Exercise

​

Contractual

​

Intrinsic Value

​

​

Shares

​

Price

​

Life (Years)

​

(in thousands)

Outstanding at January 1, 2022

 

21,761

​

$

79.51

 

  

 

​

  

Granted

 

—

​

$

—

 

  

 

​

  

Forfeited

 

(476)

​

$

139.84

 

  

 

​

  

Exercised

 

(3,407)

​

$

62.38

 

  

 

​

  

Outstanding at December 31, 2022

 

17,878

​

$

79.51

 

4.1

​

$

632

Exercisable at December 31, 2022

 

17,164

​

$

78.73

 

4.0

​

$

632

​

Summary of SSARs activity

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted-

    

​

​

​

​

​

​

Weighted-

​

Average

​

​

​

​

​

​

​

Average

​

Remaining

​

Aggregate

​

​

Number of

​

Exercise

​

Contractual

​

Intrinsic Value

​

​

Shares

​

Price

​

Life (Years)

​

(in thousands)

Outstanding at January 1, 2022

 

184,137

​

$

111.15

 

  

 

​

  

Granted

 

—

​

$

—

 

  

 

​

  

Forfeited

 

(2,110)

​

$

139.84

 

  

 

​

  

Exercised

 

(7,121)

​

$

90.41

 

  

 

​

  

Outstanding at December 31, 2022

 

174,906

​

$

111.65

 

6.2

​

$

2,396

Exercisable at December 31, 2022

 

154,602

​

$

107.95

 

6.0

​

$

2,396

​

Summary of non-vested awards

​

​

​

​

​

​

​

​

    

​

    

Weighted-

​

​

​

​

Average

​

​

Number of

​

Grant Date

​

​

Shares

​

Fair Value

Outstanding at January 1, 2022

 

167,378

​

$

108.75

Granted

 

39,380

​

$

148.89

Forfeited

 

(6,480)

​

$

118.62

Vested

 

(6,830)

​

$

107.77

Non-attainment

 

(27,007)

​

$

83.16

Outstanding at December 31, 2022

 

166,441

​

$

122.05

​

Summary of the status of non-vested restricted stock

​

​

​

​

​

​

​

​

    

​

    

Weighted-

​

​

​

​

Average

​

​

Number of

​

Grant Date

​

​

Shares

​

Fair Value

Outstanding at January 1, 2022

 

128,058

​

$

111.03

Granted

 

28,218

​

$

126.69

Forfeited

 

(3,270)

​

$

121.06

Vested

 

(32,464)

​

$

102.38

Outstanding at December 31, 2022

 

120,542

​

$

116.76

​