STOCK-BASED COMPENSATION PLANS

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

A combined summary of activity in the Company’s stock award and stock option plans for the nine months ended September 30, 2020 is presented in the following table:


	Non-Vested Stock Awards Outstanding			Stock Options Outstanding
(Shares in thousands)	Number of Shares	Weighted-Average Grant Date Fair Value		Number of Shares	Weighted-Average Exercise Price
December 31, 2019	450	$	32.47	153	$	22.00
Granted	306	16.84		—	—
Acquired	—	—		—	—
Stock options exercised	—	—		(33)	18.38
Stock awards vested	(133)	33.84		—	—
Forfeited	(87)	30.23		—	—
Expired	—	—		(1)	9.85
September 30, 2020	536	$	28.35	119	$	22.72
Exercisable options at September 30, 2020				119	$	22.72

During the three ended September 30, 2020 there were no options exercised. During the nine months ended September 30, 2020, proceeds from stock option exercises totaled $607 thousand. During the three and nine months ended September 30, 2019, proceeds from stock option exercises totaled $55 thousand and $69 thousand. During the three and nine months ended September 30, 2020, there were 37 thousand and 133 thousand shares vested in connection with stock awards, respectively. During the three and nine months ended September 30, 2019, there were 3 thousand and 130 thousand shares issued in connection with vested stock awards, respectively. All of these shares were issued from available treasury stock. Stock-based compensation expense totaled $0.6 million and $1.5 million during the three months ended September 30, 2020 and 2019, respectively. Stock-based compensation expense totaled $3.5 million and $3.5 million during the nine months ended September 30, 2020 and 2019, respectively. Stock-based compensation expense is recognized over the requisite service period for all awards.