Stock Compensation Plans and Share-Based Compensation Awards (Tables)

3 Months Ended

Mar. 31, 2020

Stock Compensation Plans and Share-Based Compensation Awards

Summary of share based compensation expense and related income tax benefit recognized for share-based compensation awards

	Three Months Ended March 31,
	2020		2019
	(In thousands)
Share-based compensation expense	$	3,585	$	1,845
Income tax benefit	$	(407)	$	(139)

Summary of stock option activity

A summary of stock option activity is as follows (in thousands, except per share and term data):

	Number of Options	Weighted-average grant date fair value		Weighted-average exercise price		Weighted-average remaining contractual term		Total Intrinsic Value
Balance at December 31, 2019	3,369	$	7.90	$	20.46		8.77	$	20,312
Granted	2,405		6.82		20.81
Exercised	(1)		6.68		16.00				9
Forfeited	(28)		8.08		21.36
Balance at March 31, 2020	5,745	$	7.45	$	20.60		9.21	$	1,294
Exercisable at March 31, 2020	751	$	7.83	$	20.15		8.47	$	—

Summary of assumptions used in estimating the grant date fair values

	Three Months Ended March 31,
	2020		2019
Expected life (in years)		7.00		7.00
Weighted-average risk-free interest rate		0.9%		2.5%
Expected volatility		30.2%		29.0%
Dividend yield		0.0%		0.0%
Weighted-average fair value at grant date	$	6.82	$	9.43

RSAs

Stock Compensation Plans and Share-Based Compensation Awards

Summary of stock activity

A summary of RSAs activity is as follows (in thousands, except per share data):

	Number of RSAs	Weighted-average grant date fair value
Balance at December 31, 2019	8	$	16.00
Granted	—		—
Vested	(3)		16.00
Forfeited	—		—
Balance at March 31, 2020	5	$	16.00

RSUs

Stock Compensation Plans and Share-Based Compensation Awards

Summary of stock activity

A summary of RSUs activity is as follows (in thousands, except per share data):

	Number of RSUs	Weighted-average grant date fair value
Balance at December 31, 2019	876	$	22.30
Granted	601		23.22
Vested	(124)		26.01
Forfeited	(8)		22.41
Balance at March 31, 2020	1,345	$	22.37