Stock-Based Compensation

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

A summary of restricted share activity for the three months ended March 31, 2019 is as follows:

	2019
	Time-Based				Performance-Based
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares	Weighted Average Grant Date Fair Value
	(In whole shares)				(In whole shares)
Outstanding - beginning of year	529,947		$	35.98	—	$	—
Granted	41,000		32.53		50,000	32.55
Vested	(74,834	)	35.93		—	—
Cancelled or expired	(3,000	)	43.70		—	—
Outstanding - end of period	493,113		$	35.65	50,000	$	32.55

Total stock-based compensation expense included in Selling, general and administrative expenses during the firstthree months of 2019 and 2018 was $1.9 million and $2.2 million, respectively. As of March 31, 2019, there was $9.7 million of unrecognized compensation cost related to non-vested stock-based compensation, which cost is expected to be recognized over a weighted-average period of 2.1 years.