SHARE-BASED COMPENSATION

Share-Based Award Activity

During the three months ended March 31, 2019, the Company granted restricted stock awards (“RSAs”) under its 2014 Omnibus Equity Incentive Plan to executive officers (“EOs”). The RSAs granted to the EOs were 100% vested and non-forfeitable on the grant date. The fair value of the RSAs granted to EOs was recorded as share-based compensation expense on the grant date. The Company withheld 59,116 shares of common stock, at a total cost of $0.5 million, from EOs to satisfy statutory minimum tax requirements upon grant of the RSAs.

A summary of shared-based awards activity during the three months ended March 31, 2019 is as follows:



	Number of Shares (in thousands)		Weighted Average Grant Date Fair Value per Share
Nonvested, December 31, 2018	34		$	12.00
Granted	160		$	9.17
Vested	(160	)	$	9.17
Forfeited	—		$	—
Nonvested, March 31, 2019	34		$	12.00

Stock Options

A summary of stock options activity during the three months ended March 31, 2019 is as follows:



	Number of Shares (in thousands)	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Options outstanding, December 31, 2018	500	$	7.49
Granted	—	—
Exercised	—	—
Forfeited	—	—
Options outstanding, March 31, 2019	500	$	7.49	5.58	$	630
Options exercisable, March 31, 2019	400	$	7.49	5.58	$	504

A summary of unvested stock options activity during the three months ended March 31, 2019 is as follows:



	Number of Shares (in thousands)	Weighted Average Grant Date Fair Value per Share
Unvested, December 31, 2018	100	$	2.88
Granted	—	$	—
Vested	—	$	—
Forfeited	—	$	—
Unvested, March 31, 2019	100	$	2.88

Share-Based Compensation Expense

Share-based compensation expense was $1.6 million and $1.2 million for the three months ended March 31, 2019 and 2018, respectively. Recognized tax benefit related to share-based compensation expense was $0.4 million and $0.3 million for the three months ended March 31, 2019 and 2018, respectively.

As of March 31, 2019, the estimated total remaining unamortized share-based compensation expense related to unvested restricted stock awards, net of forfeitures, was $0.1 million which is expected to be recognized over a weighted-average period of 0.1 years. As of March 31, 2019, the estimated total remaining unamortized share-based compensation expense related to stock options, net of forfeitures, was $0.2 million which is expected to be recognized over a weighted-average period of 0.6 years.