Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plans (Tables)

v3.23.3
Stock Incentive Plans (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Expense
The Company recorded share-based compensation expense as follows for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended Nine Months Ended
September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022
Share-based compensation expense $ 2,736  $ 2,355  $ 8,349  $ 7,661 
Schedule of Share-based Payment Arrangement Activity
Stock option transactions during the nine months ended September 30, 2023 were as follows:

Stock Options Weighted-Average Exercise Price
Outstanding as of January 1 376  $ 66.13 
Granted 55  115.42 
Exercised —  — 
Forfeited (61) 44.97 
Outstanding as of September 30 370  $ 76.91 
Schedule of Share Activity
Restricted share transactions during the nine months ended September 30, 2023 were as follows:
Restricted Shares Weighted-Average Grant Date Fair Value
Outstanding as of January 1 151  $ 87.82 
Granted 78  114.92 
Vested (75) 81.11 
Forfeited (9) 104.39 
Outstanding as of September 30 145  $ 104.82 
Director restricted share transactions during the nine months ended September 30, 2023 were as follows:
Director Restricted Shares Weighted-Average Grant Date Fair Value
Outstanding as of January 1 15  $ 93.70 
Granted 15  96.10 
Vested (15) 93.70 
Forfeited (1) 96.10 
Outstanding as of September 30 14  $ 96.10 
Schedule of Activity of Performance Awards
Performance award transactions during the nine months ended September 30, 2023 were as follows assuming target levels of performance:
Performance Awards Weighted-Average Grant Date Fair Value
Outstanding as of January 1 70  $ 87.74 
Granted 18  120.27 
Additional shares awarded based on performance 4  68.75 
Earned (31) 69.10 
Forfeited or unearned —  — 
Outstanding as of September 30 61  $ 105.95 
Schedule of Employee Stock Purchase Plan
Employee stock purchase plan activity and related information was as follows:

Nine Months Ended
September 30, 2023 September 30, 2022
Shares purchased by participants under the ESPP 4  5 
Average purchase price $ 94.23  $ 82.76 
Weighted-average fair value of each purchase right under the ESPP granted¹ $ 10.47  $ 9.20 
Share-based compensation expense for ESPP $ 42  $ 42 
¹ Equal to the discount from the market value of the common stock at the end of each six month purchase period.