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Common Stock and Stock-Based Awards Plans (Tables)
3 Months Ended
Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Stock-Based Awards

As of March 31, 2023, the unrecognized compensation cost and remaining weighted-average amortization period related to stock-based awards were as follows:

 

(in thousands)

 

Restricted
Stock Units

 

 

Performance-
based
Restricted
Stock Units
(1)

 

Unrecognized compensation cost

 

$

32,123

 

 

$

8,890

 

Remaining weighted-average amortization period

 

3.0 years

 

 

2.2 years

 

 

(1) Based on the probable achievement of the performance goals identified in each award.

Summary of Stock Options

The following table summarizes activities relating to the Company’s stock options:

 

(in thousands, except per share data)

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term
(Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding as of December 31, 2022

 

 

57

 

 

$

21.85

 

 

 

 

 

 

 

Exercised

 

 

(11

)

 

 

17.37

 

 

 

 

 

 

 

Forfeited or expired

 

 

(2

)

 

 

17.37

 

 

 

 

 

 

 

Outstanding and exercisable as of March 31, 2023

 

 

44

 

 

$

23.07

 

 

 

1.45

 

 

$

28

 

Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock-Based Awards

The following table summarizes the activities related to the Company’s time-based restricted stock units:

 

(in thousands, except per share data)

 

Number of
Units

 

 

Weighted-
Average
Grant Date
Fair Value

 

Non-vested awards outstanding as of December 31, 2022

 

 

1,185

 

 

$

26.93

 

Granted

 

 

582

 

 

 

24.26

 

Vested

 

 

(410

)

 

 

27.29

 

Forfeited

 

 

(9

)

 

 

26.23

 

Non-vested awards outstanding as of March 31, 2023

 

 

1,348

 

 

$

25.68

 

Performance-Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock-Based Awards

The following table summarizes the activities related to the Company’s performance-based restricted stock units:

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant Date

 

(in thousands, except per share data)

 

Units

 

 

Fair Value

 

Non-vested units outstanding as of December 31, 2022

 

 

545

 

 

$

27.62

 

Granted(1)

 

 

224

 

 

 

25.31

 

Vested

 

 

(241

)

 

 

28.30

 

Forfeited

 

 

(34

)

 

 

28.02

 

Non-vested units outstanding as of March 31, 2023

 

 

494

 

 

$

26.21

 

 

(1) Represents target number of units that can vest based on the achievement of the performance goals.