Stock-Based Compensation

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation

We recognize compensation expense for stock-based compensation awards issued to employees on a straight-line basis over the requisite service period. Compensation cost is based on the fair value of awards as of the grant date.

The following table summarizes the pre-tax stock-based compensation expense included in reported net income (in thousands): 

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Restricted stock units	833		418		1,679		529
Board of Directors and other stock grants	82		354		165		684
Total stock-based compensation expense	$	915	$	772	$	1,844	$	1,213

Pursuant to our 2011 Stock Incentive Plan, we may grant awards of non-qualified stock options, incentive stock options, restricted stock, stock units, performance shares, performance units and other incentives payable in cash or in shares of our common stock to officers, employees, members of the Board of Directors and other individuals providing services to the Company. As of June 30, 2021, we had restricted and performance stock units outstanding under these plans.