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Share-Based Compensation and Other Benefit Programs (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost Recognized
The following table summarizes the compensation cost recognized and additional information regarding all share-based awards for the years indicated.
Share-based compensation expense
 Years Ended December 31,
(In thousands)202220212020
Compensation cost recognized (1)
RSUs$37,465 $27,803 $18,403 
ESPP and other596 560 790 
Total compensation cost recognized38,061 28,363 19,193 
Income tax benefit related to share-based compensation expense7,524 7,168 4,264 
Share-based compensation expense, net$30,537 $21,195 $14,929 
(1)Compensation cost is generally recognized over the periods that an employee provides service in exchange for the award. For purposes of calculating compensation cost recognized for retirement eligible grantees, we consider the service condition to be met (and recognize the full compensation costs) as of the date when a grantee becomes retirement eligible.
Schedule of RSUs Equity-Settled
Information with regard to RSUs to be settled in stock for the periods indicated is as follows.
Rollforward of RSUs
Performance-BasedTime-Vested
Number of
Shares		Weighted-Average
Grant Date
Fair Value		Number of
Shares		Weighted-Average
Grant Date
Fair Value
Outstanding, December 31, 2021 (1)
2,340,673 $16.76 1,808,551 $15.51 
Granted (2)
643,740 20.09 612,099 20.61 
Performance adjustment (3)
197,534 — — — 
Vested (4)
(796,479)18.35 (503,231)19.47 
Forfeited(23,067)20.08 (25,619)18.77 
Outstanding, December 31, 2022 (1)
2,362,401 $17.59 1,891,800 $16.06 
(1)Outstanding RSUs represent shares that have not yet been issued because not all conditions necessary to earn the right to benefit from the instruments have been satisfied. For performance-based awards, the final number of RSUs distributed depends on the cumulative growth in Radian’s book value over the respective three-year performance period and, with the exception of certain retirement-eligible employees, continued service through the vesting date, which could result in changes in the number of vested RSUs.
(2)For performance-based RSUs, amount represents the number of target shares at grant date.
(3)For performance-based RSUs, represents the difference between the number of target shares at grant date and the number of shares vested at settlement, which can range from 0 to 200% of target depending on results over the applicable performance periods.
(4)Represents amounts vested during the year, including the impact of performance adjustments for performance-based awards.
Schedule of Information with Regard to Stock Options
Information with regard to stock options for the periods indicated is as follows.
Rollforward of non-qualified stock options
($ in thousands, except per-share amounts)Number of
Shares		Weighted
Average
Exercise Price
Per Share		Weighted
Average
Remaining Contractual Term
Aggregate Intrinsic Value (1)
Outstanding, December 31, 2021563,906 $12.21 
Granted— — 
Exercised(192,501)7.24 
Forfeited— — 
Expired— — 
Outstanding, December 31, 2022371,405 $14.78 2.1 years$1,593 
Exercisable, December 31, 2022371,405 $14.78 2.1 years$1,593 
(1)Based on the market price of $19.07 at December 31, 2022.
Schedule of Information of Exercised Stock Options
The following table summarizes additional information concerning stock option activity for the periods indicated.
Additional information
Years Ended December 31,
(In thousands)202220212020
Aggregate intrinsic value of options exercised$2,926 $3,354 $3,344 
Tax benefit of options exercised614 704 702 
Cash received from options exercised1,341 1,382 1,553