Share-Based Compensation

3 Months Ended

Mar. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

7.	Share-Based Compensation

We currently have four types of share-based awards outstanding to our employees and directors: stock options, restricted stock awards, restricted stock units, and performance-based stock units. We believe that our share-based awards align the interests of our employees and directors with those of our stockholders. Vesting terms for each of these award types generally range from one to four years.

For the three months ended March 31, 2020, we recognized total share-based compensation costs of $0.8 million, including $40,000 recorded to restructuring and related charges. For the three months ended March 31, 2019, we recognized total share-based compensation costs of $2.4 million, including $0.1 million recorded to restructuring and related charges. We account for forfeitures as they occur.

A summary of our stock options as of March 31, 2020 and the changes during the three months then ended is presented below:

Options	Shares (In thousands)			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value (In thousands)
Outstanding at January 1, 2020		319		$	17.85
Granted		—			—
Exercised		(41	)		14.96
Forfeited		(4	)		39.57
Outstanding at March 31, 2020		274		$	17.94		3.8	$	—
Exercisable at March 31, 2020		243		$	15.43		3.3	$	—

The following table shows a summary of our restricted stock awards as of March 31, 2020, as well as activity during the three months then ended:

	Restricted Stock Awards
	Shares (In thousands)			Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2020		127		$	19.42
Vested		(86	)		19.42
Forfeited		(7	)		19.42
Nonvested at March 31, 2020		34		$	19.42

The following table shows a summary of our restricted stock units as of March 31, 2020, as well as activity during the three months then ended:

	Restricted Stock Units
	Shares (In thousands)			Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2020		393		$	21.16
Granted		438			12.76
Vested		(21	)		21.01
Forfeited		(127	)		20.07
Nonvested at March 31, 2020		683		$	15.98

The following table shows a summary of our performance-based stock units as of March 31, 2020, as well as activity during the three months then ended:

	Performance Stock Units
	Shares (In thousands)			Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2020 ⁽¹⁾		407		$	20.29
Granted		4			21.49
Vested		(28	)		20.31
Forfeited		(101	)		20.39
Nonvested at March 31, 2020		282		$	20.27

(1)

Excludes certain performance-based stock units that are no longer eligible to be earned based on fiscal 2019 performance.