Stock Incentive Plan and Other Equity Activity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]


14.			STOCK INCENTIVE PLAN AND OTHER EQUITY ACTIVITY

General—The Company has a stock incentive plan (the “Stock Incentive Plan”) and a employee stock purchase plan (the “ESPP”) that are administered by the Compensation and Talent Development Committee of the Board of Directors. Under the Stock Incentive Plan, the Company can issue shares to employees and directors in the form of restricted stock awards (“RSAs”), restricted stock units (“RSUs”) and performance share units (“PSUs”). Changes in common stock, additional paid in capital and treasury stock during the six months ended June 30, 2020 primarily relate to activity associated with the Stock Incentive Plan, the ESPP, and share repurchases.

Share Grants—During the six months ended June 30, 2020, the Company had the following share grants associated with the Stock Incentive Plan:


	Shares	Weighted Average Grant-Date Fair Value per Share
RSAs	47	$	8.24
RSUs	127	$	14.08
PSUs (at target)	173	$	14.08
Total shares granted	347

Share Issuances—During the six months ended June 30, 2020, the Company had the following share issuances associated with the Stock Incentive Plan and the ESPP:


						Shares
RSAs (issued upon grant)						47
RSUs (issued upon vesting)						49
PSUs (issued upon vesting)						90
ESPP (issued upon sale)						25
Total shares issued						211

Stock-Based Compensation Expense—During the three and six months ended June 30, 2020, the Company recognized $3,962 and $6,196, respectively, of stock-based compensation expense, and during the three and six months ended June 30, 2019 the Company recognized $649 and $1,670 of stock-based compensation expense, respectively, primarily within general and administrative expenses. The Company recognizes forfeitures as they occur, rather than estimating expected forfeitures. Included within total stock-based compensation expense for the three and six months ended June 30, 2020 is $18 and $36, respectively, of expense related to the ESPP. At June 30, 2020, 762 authorized shares remained available for issuance under the ESPP.

Shares Withheld for Taxes—The Company withheld 3 and 49 shares for taxes on stock-based compensation vestings for $32 and $700 during the three and six months ended June 30, 2020, respectively.

Warrants—During the six months ended June 30, 2020, certain holders of warrants elected the cashless exercise option and the Company issued 110 common shares on the exercise of 470 warrants with a market value of $1,477.

AOCI—During the three and six months ended June 30, 2020, changes in AOCI were a result of net gains (losses) recognized in OCI and amounts reclassified from AOCI into earnings related to our interest rate derivative. See Note 11 - Financial Instruments for further discussion of our cash flow hedge.