XML 28 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation

A summary of restricted share activity for the nine months ended September 30, 2020 is as follows:

 
2020
 
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
471,634

 
$
32.06

 
50,000

 
$
32.55

Granted(a)
453,493

 
17.15

 
—

 
—

Vested
(137,121
)
 
37.08

 
—

 
—

Canceled or expired
(5,000
)
 
37.55

 
—

 
—

Outstanding - end of period
783,006

 
$
22.51

 
50,000

 
$
32.55



(a) - Included in the granted amount are 6,100 restricted share units.

Stock-based compensation is included in Selling, general and administrative expenses in the condensed consolidated statements of income (loss). Total stock-based compensation expense for the three months ended September 30, 2020 and 2019 was $1.6 million and $1.1 million, respectively. Total stock-based compensation expense for the nine months ended September 30, 2020 and 2019 was $4.4 million and $2.8 million, respectively. As of September 30, 2020, there was $11.7 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 2.3 years.