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Share-Based Compensation
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation
14. Share-Based Compensation

Share-Based Compensation Expense (Benefit)
Share-based compensation expense is included in selling, general and administrative expenses in the condensed consolidated statements of income (loss). The total share-based compensation expense is as follows:
 
Three Months Ended March 31,
 
2020
 
2019
Cash-settled share-based compensation expense (benefit)
$
—

 
$
(1
)
Share-settled share-based compensation expense (benefit)
2

 
7

 
$
2

 
$
6



Cash-Settled Awards
The Company has granted restricted stock units ("RSUs") to certain key employees that are payable in cash. These awards are classified as liabilities, valued based on the fair value of the award at the grant date, and remeasured at each reporting date until settlement, with compensation expense being recognized in proportion to the completed requisite period up until date of settlement. In the first quarter of 2020, all cash-settled, share-based long-term performance units were paid and none remain outstanding.

At March 31, 2020, approximately $3 million of total unrecognized compensation costs is expected to be recognized on the cash-settled RSU's over a weighted-average period 3 years.

Share-Settled Awards
The Company has granted restricted stock, RSUs, and performance share units ("PSUs") to its directors and certain key employees that are payable in common stock. These awards are settled in shares upon vesting and recognized in equity based on their fair value.

The following table reflects the status of all nonvested restricted shares, share-settled RSUs, and PSUs for the three months ended March 31, 2020:
 
Restricted Stock
 
Share-Settled RSUs
 
PSUs
 
Shares
 
Weighted Avg.
Grant Date
Fair Value
 
Units
 
Weighted Avg.
Grant Date
Fair Value
 
Units
 
Weighted Avg.
Grant Date
Fair Value
Nonvested balance at beginning of period
35,630

 
$
63.27

 
1,125,346

 
$
37.91

 
806,233

 
$
34.12

Granted
169,781

 
9.15

 
1,389,681

 
7.47

 
—

 
—

Vested
(196,332
)
 
39.59

 
(280,394
)
 
41.47

 
—

 
—

Forfeited
—

 
—

 
(238,283
)
 
34.37

 
(213,843
)
 
26.74

Nonvested balance at end of period
9,079

 
$
57.92

 
1,996,350

 
$
27.84

 
592,390

 
$
36.25


At March 31, 2020, approximately $32 million of total unrecognized compensation costs is expected to be recognized on the share-settled awards over a weighted-average period of approximately 2 years.