Share-Based Compensation

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Share-Based Compensation

Share-Based Compensation

Our share-based compensation plans are described in Note 18 of our annual report on Form 10-K for the year ended December 31, 2019. During the three months ended March 31, 2020 and 2019, we recognized total Share-Based Compensation Expense of $2.8 million and $3.3 million, respectively. The total excess tax benefit recognized for share-based compensation arrangements during the three months ended March 31, 2020 and 2019 was $0.4 million and $0.2 million, respectively.

During the first three months of 2020, we issued 16,537 restricted shares. The weighted average grant date fair value of each share awarded was $82.29. Restricted share awards generally have a three year vesting period from the effective date of the grant. The total fair value of shares vested during the three months ended March 31, 2020 and 2019 was $0.7 million and $1.0 million, respectively.