STOCK COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the six months ended June 30, 2021 is as follows:

	Options		Weighted- average exercise price		Weighted- average remaining contractual life (years)	Aggregate intrinsic value (in thousands)
Options outstanding, January 1, 2021	1,286,900		$	13.28
Grants	48,000		14.18
Exercises	(219,025)		11.59
Expirations	(4,000)		19.10
Options outstanding, June 30, 2021	1,111,875		13.63		5.3	$	2,693
Options exercisable, June 30, 2021	928,415		$	14.29	4.7	$	1,836
Total unrecognized stock option expense remaining (in thousands)	$	656
Weighted-average years expected to be recognized over	1.7

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the six months ended June 30, 2021 is as follows:

	Restricted Shares		Weighted- average grant date fair value
Non-vested restricted shares, January 1, 2021	795,587		$	7.54
Grants	220,658		14.27
Vested	(552,755)		7.07
Cancellations	(250)		9.76
Non-vested restricted shares, June 30, 2021	463,240		$	11.31
Total unrecognized compensation expense remaining (in thousands)	$	4,867
Weighted-average years expected to be recognized over	1.8

Summary of Performance-based Award Activity

A summary of the Company’s performance-based award activity and related information for the six months ended June 30, 2021 is as follows:

	Performance- based stock awards (1)		Weighted- average grant date fair value
Non-vested performance-based awards, January 1, 2021	431,046		$	9.94
Grants	176,915		14.18
Vested	(150,273)		12.79
Cancellations	(21,208)		12.75
Non-vested performance-based awards, June 30, 2021	436,480		$	10.54
Total unrecognized compensation expense remaining (in thousands)	$	3,207
Weighted-average years expected to be recognized over	2.2

(1)Represents the target number of shares to be issued for each performance-based award.

Summary of Stock Compensation Expense

The Company recorded stock compensation expense as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Stock Compensation Expense Components	2021		2020		2021		2020
Equity based stock option expense	$	102	$	139	$	226	$	285
Restricted and performance-based stock awards expense	1,221		1,276		2,536		2,450
Stock compensation expense for equity based awards	$	1,323	$	1,415	$	2,762	$	2,735
Liability based stock option expense	5		5		10		11
Total Stock Compensation Expense	$	1,328	$	1,420	$	2,772	$	2,746