Stock-Based Compensation

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation

A summary of restricted share activity for the six months ended June 30, 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(a)	180,901	33.64		—	—
Vested	(179,984)	24.09		—	—
Canceled or expired	(7,917)	21.71		—	—
Outstanding - end of period	734,006	$	24.38	50,000	$	32.55

(a) - Included in this amount are 4,905 restricted share units.

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 June 30, 2021 and 2020 was $1.4 million and $1.3 million, respectively. Total stock-based compensation expense for the six months ended June 30, 2021

and 2020 was $3.0 million and $2.7 million, respectively. As of June 30, 2021, there was $12.9 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 2.2 years.