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Stock-based Compensation
 3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based Compensation
Stock-based Compensation

In 2015, the Company issued 390,352 restricted stock units "RSUs" to executive officers and other employees to be settled in shares of common stock. The total RSUs were valued at $4.1 million on the date of grant. In 2016, the Company issued 111,281 RSUs to executive officers and other employees valued at $909,000 on the date of grant.
The following summarizes our RSU activity (units in thousands):
 
Number of Units
 
Weighted Average Grant-Date Fair Value
 
 
 
 
Outstanding at December 31, 2016
416

 
$
9.87

Units forfeited
(3
)
 
9.01

Outstanding at March 31, 2017
413

 
9.88

Units vested
(95
)
 
9.97

Units forfeited
(11
)
 
10.19

Outstanding at December 31, 2017
307

 
9.84

Units forfeited
(3
)
 
9.91

Outstanding at March 31, 2018
304

 
$
9.84

 
 
 
 

The Company recorded $231,000 and $243,000 of compensation expense related to the RSUs for the three months ended March 31, 2018 and 2017, respectively. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of March 31, 2018, was $2.7 million.