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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation Arrangements, Vested Stock Grants

Stock-based compensation expense related to vested stock grants are included in General and administrative expenses within the Consolidated Statements of (Loss) Income. The Company’s authorized vested stock grants to certain directors and related expense for the years ended December 31, 2020, 2019 and 2018, was as follows:

 

 

 

Year Ended December 31,

 

(millions, except stock grants)

 

2020

 

 

2019

 

 

2018

 

Vested stock grants

 

 

25,066

 

 

 

14,076

 

 

 

12,736

 

Stock-based compensation expense

 

$

0.5

 

 

$

0.5

 

 

$

0.5

 

Summary of Nonvested Restricted Stock Units and Changes During the Period

Nonvested restricted stock units as of December 31, 2020, and changes during the year ended December 31, 2020 were as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Nonvested as of December 31, 2019

 

 

153,442

 

 

$

27.46

 

Granted

 

 

 

 

 

 

Vested

 

 

(102,166

)

 

 

24.56

 

Forfeited

 

 

 

 

 

 

Nonvested as of December 31, 2020

 

 

51,276

 

 

$

33.24

 

Summary of Compensation Expense Related to Restricted Stock Units

The Company's stock-based compensation expense related to the restricted stock units for the years ended December 31, 2020, 2019 and 2018, which is included in General and administrative expenses within the Consolidated Statements of (Loss) Income, was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2020

 

 

2019

 

 

2018

 

Stock-based compensation expense

 

$

1.1

 

 

$

1.1

 

 

$

0.9

 

The Company's stock-based compensation expense (net reduction of expense) related to PSU’s during the years ended December 31, 2020, 2019 and 2018, which is included in General and administrative expenses within the Consolidated Statements of (Loss) Income, was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2020

 

 

2019

 

 

2018

 

Stock-based compensation expense

 

$

(1.0

)

 

$

3.3

 

 

$

1.4

 

Summary of Unrecognized Compensation Expense Related to Share Based Payment

Unrecognized stock-based compensation expense related to restricted stock units and the respective weighted average periods in which the expense will be recognized as of December 31, 2020 was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2020

 

Unrecognized stock-based compensation

 

$

0.6

 

Weighted average (years)

 

1.2 years

 

Summary of Nonvested PSU's and Changes During the Period

Nonvested PSU’s as of December 31, 2020, and changes during the year ended December 31, 2020 was as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Nonvested as of December 31, 2019

 

 

212,096

 

 

$

35.01

 

Granted

 

 

96,056

 

 

 

37.89

 

Vested

 

 

(81,115

)

 

 

30.01

 

Forfeited

 

 

(23,173

)

 

 

36.27

 

Expired

 

 

(3,646

)

 

 

37.59

 

Nonvested as of December 31, 2020

 

 

200,218

 

 

$

35.27