Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plans (Tables)

v3.20.4
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Share-based Compensation Related to Restricted Stock Awards
The total stock-based compensation expense related to restricted stock awards for the years ended December 31, are as follows (in thousands):
  2020 2019 2018
Employees $ 2,223  $ 2,667  $ 2,332 
Non-employee Directors 635  597  553 
Total $ 2,858  $ 3,264  $ 2,885 
Stock-based Compensation Expense
Stock-based compensation consisting of restricted stock awards was included in costs and operating expenses and provision for income taxes on the accompanying statements of income for the years ended December 31, 2020, 2019 and 2018 (in thousands):
  2020 2019 2018
Stock-based compensation included in costs and operating expenses $ 2,858  $ 3,264  $ 3,027 
Income tax benefit recognized for stock-based compensation (713) (663) (755)
Stock-based compensation expense, net of income tax benefit $ 2,145  $ 2,601  $ 2,272 
Schedule of Other Restricted Stock Awards
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2018 — $ — 
Granted 86,911 31.92 
Vested (29,110) 30.66 
Forfeited — — 
Unvested as of December 31, 2019 57,801 32.56 
Granted 30,500 31.50 
Vested (32,017) 32.14 
Forfeited — — 
Unvested as of December 31, 2020 56,284 $ 32.23