Stock-Based Compensation

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation

A summary of restricted share activity for the three months ended March 31, 2021 is as follows:

	2021
	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	741,006	$	22.02	50,000	$	32.55
Granted	—	—		—	—
Vested	(12,167)	35.06		—	—
Canceled or expired	(6,667)	22.74		—	—
Outstanding - end of period	722,172	$	21.79	50,000	$	32.55

Stock-based compensation is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. Total stock-based compensation expense for the three months ended March 31, 2021 and 2020 was $1.6 million and $1.4 million, respectively. As of March 31, 2021, there was $8.4 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 2.0 years.