Share-Based Employee Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Shares Authorized, Available for Future Grant and Outstanding Under Each Plans

The following table presents shares authorized, available for future grant and outstanding under each of the Company’s plans as of December 31, 2020:

	Authorized	Available	Outstanding(1)
	(In thousands)
2004 Incentive Plan	33,000	8,652	2,262
2013 Directors Plan	1,000	566	74
Total	34,000	9,218	2,336

(1)Includes 3,064 shares of accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan.

Stock Option Activities

The following table summarizes the Company’s stock option activities for the year ended December 31, 2020 (in thousands, except price per share and contractual term):

Options	Number of Shares	Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2020	635	$	6.53
Granted	—	$	—
Exercised	(37)	$	6.71
Forfeited	—	$	—
Expired	—	$	—
Outstanding at December 31, 2020	598	$	6.52	2.09	$	10,457
Vested and expected to vest in the future at December 31, 2020	598	$	6.52	2.09	$	10,457
Exercisable at December 31, 2020	598	$	6.52	2.09	$	10,457

Roll-Forward of Activity for Restricted Stock Units

The table below is a roll-forward of the activity for restricted stock units during the 12 months ended December 31, 2020 (in thousands, except fair value amounts):

Restricted Stock Units	Units	Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2020	1,036	$	14.04
Granted	409	17.84
Vested	(437)	13.63
Forfeited	(108)	15.14
Nonvested at December 31, 2020(1)	900	$	15.83

(1)Excludes 3,000 shares of accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan.

Roll-Forward of Activity for Performance Share Units

The table below is a roll-forward of the activity for performance based awards during the 12 months ended December 31, 2020 (in thousands, except fair value amounts):

Performance Share Units	Units	Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2020	1,051	$	13.50
PSUs Granted	125	19.66
rTSR PRSUs Granted	125	23.22
Target Award Adjustment(1)	341	10.10
Vested	(709)	10.21
Forfeited	(98)	15.21
Nonvested at December 31, 2020	835	$	17.08

(1)Represents shares earned by participants at 200.0% for awards granted in 2017

Summary of Total Number of Stock Appreciation Rights Granted

Share-Based Compensation Including Expense for Phantom Stock Units and Cash Settled Stock Appreciation Rights Granted to Employees

The table below summarizes the amounts recognized in the financial statements for the years ended December 31, 2020, 2019 and 2018 for share-based compensation, including expense for restricted stock units, performance share units, stock options and cash settled stock appreciation rights (in thousands):

	2020		2019		2018
Cost of sales	$	763	$	961	$	976
Operating expenses	10,164		11,935		12,554
Total cost of employee share-based compensation, before income tax	10,927		12,896		13,530
Income tax benefit	2,513		2,966		3,112
Total cost of employee share-based compensation, after tax	$	8,414	$	9,930	$	10,418