ADS has several programs for stock-based payments to employees and non-employee members of its Board of Directors, including stock options and restricted stock. Equity-classified restricted stock awards are measured based on the grant-date estimated fair value of each award. The Company accounts for all restricted stock granted to Directors as equity-classified awards. The Company recognized stock-based compensation expense in the following line items of the Condensed Consolidated Statements of Operations for the three months ended June 30, 2020 and 2019:

	Three Months Ended June 30,
	2020		2019
	(In thousands)
Component of income before income taxes:
Cost of goods sold	$	401	$	112
Selling expenses		195		56
General and administrative expenses		5,003		1,673
Total stock-based compensation expense	$	5,599	$	1,841

The following table summarizes stock-based compensation expense by award type for the three months ended June 30, 2020 and 2019:

	Three Months Ended June 30,
	2020		2019
	(In thousands)
Stock-based compensation expense:
Equity-classified Stock Options	$	881	$	551
Restricted Stock		1,417		642
Performance Units		2,984		372
Non-Employee Directors		317		276
Total stock-based compensation expense	$	5,599	$	1,841

On May 24, 2017, the Board of Directors approved the 2017 Omnibus Incentive Plan (the “2017 Incentive Plan”) which was approved by the Company’s stockholders on July 17, 2017. The 2017 Incentive Plan provides for the issuance of a maximum of 3.5 million shares of the Company’s common stock for awards made thereunder, which awards may consist of stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock, cash-based awards, performance awards (which may take the form of performance cash, performance units or performance shares) or other stock-based awards.

Restricted Stock - During the three months ended June 30, 2020, the Company granted 0.1 million shares of restricted stock with a grant date fair value of $4.1 million.

Performance Units –During the three months ended June 30, 2020, the Company did not grant any performance share units or performance units.

Options - During the three months ended June 30, 2020, the Company granted 0.2 million nonqualified stock options under the 2017 Incentive Plan. The grant date fair value of the nonqualified stock options was $3.2 million. The Company estimates the fair value of stock options using a Black-Scholes option-pricing model. The following table summarizes the assumptions used in estimate the fair value of stock-options during the three months ended June 30, 2020:

		Three Months Ended June 30,
Common stock price		$41.97
Expected stock price volatility		35.5%
Risk-free interest rate		0.4%
Weighted-average expected option life (years)		6.0
Dividend yield		0.9%