v3.22.4
Stock-based Compensation (Tables)
 3 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of stock-based compensation expense Following is a summary of stock-based compensation expense related to stock options and restricted stock awards for the three months ended December 31, 2022 and 2021, respectively.
Three Months Ended
December 31,
in thousands20222021
Stock-based compensation expense$1,580 $2,108 
Schedule of stock options outstanding
Following is a summary of stock option activity for the three months ended December 31, 2022:
Three Months Ended
 December 31, 2022
 SharesWeighted Average
Exercise Price
Outstanding at beginning of period27,507 $14.31 
Outstanding at end of period27,507 14.31 
Exercisable at end of period27,271 $14.29 
Schedule of nonvested stock awards activity
Following is a summary of restricted stock activity for the three months ended December 31, 2022:
Three Months Ended December 31, 2022
 Performance-Based Restricted SharesTime-Based Restricted SharesTotal Restricted Shares
Beginning of period436,146 412,042 848,188 
Granted (a)
249,534 422,998 672,532 
Vested (334,736)(232,071)(566,807)
End of period350,944 602,969 953,913 
(a) Each of our performance shares represent a contingent right to receive one share of the Company's common stock if vesting is satisfied at the end of the three-year performance period. Our performance stock award plans provide that any performance shares earned in excess of the target number of performance shares issued may be settled in cash or additional shares at the discretion of the Compensation Committee. In November 2022, we issued 92,104 shares earned above target level based on the performance level achieved under the fiscal 2020 performance-based award plan.