STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2023

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

6.    STOCK-BASED COMPENSATION

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

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2023		2022		2023		2022
Restricted stock	$	1,540	$	1,201	$	3,154	$	2,356
Stock appreciation rights		212		360		417		692
Performance stock		183		847		993		1,478
Stock options		8		10		15		16
Total stock-based compensation expense	$	1,943	$	2,418	$	4,579	$	4,542

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

During the three and six months ended June 30, 2023 and 2022, we granted the following stock-based compensation awards:

	Three Months Ended			Six Months Ended
	June 30,		June 30,	June 30,		June 30,
	2023	2022		2023	2022
	(Number of shares)			(Number of shares)
Performance stock (at maximum 200% attainment)	—		—	82,360		39,380
Restricted Stock	—		—	56,530		28,220
Total equity awards granted	—		—	138,890		67,600

As of June 30, 2023, 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	$	9,880		2.1
Performance stock		7,666		2.2
Stock appreciation rights		111		0.1
Stock options		4		0.1