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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Nonvested Restricted Stock Units and Changes During the Period

Nonvested restricted stock units as of March 31, 2021, and changes during the three months ended March 31, 2021 (unaudited) were as follows:

 

 

Shares

 

 

Weighted Average Grant-Date Fair Value

 

Nonvested as of December 31, 2020

 

 

51,276

 

 

$

33.24

 

Granted

 

 

313,502

 

 

 

34.45

 

Nonvested as of March 31, 2021

 

 

364,778

 

 

$

34.28

 

Schedule of Stock-Based Compensation Expense

The Company's stock-based compensation expense related to the restricted stock units for the three months ended March 31, 2021 and 2020 (unaudited), respectively, which is included in General and administrative expenses within the Condensed Consolidated Statements of Income (Loss), was as follows:

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2021

 

 

March 31, 2020

 

Stock-based compensation expense

 

$

0.8

 

 

$

0.3

 

The Company's stock-based compensation expense (net reduction of expense) related to PSU’s during the three months ended March 31, 2021 and 2020 (unaudited), respectively, which is included in General and administrative expenses within the Condensed Consolidated Statements of Income (Loss), was as follows:

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2021

 

 

March 31, 2020

 

Stock-based compensation expense

 

$

0.1

 

 

$

(3.2

)

Summary of Nonvested PSU's and Changes During the Period

Nonvested PSU’s as of March 31, 2021, and changes during the year ended March 31, 2021 (unaudited) was as follows:

 

 

 

Shares

 

 

Weighted Average Grant-Date Fair Value

 

Nonvested as of December 31, 2020

 

 

200,218

 

 

$

35.27

 

Granted

 

 

50,868

 

 

 

34.97

 

Forfeited

 

 

(3,375

)

 

 

35.96

 

Nonvested as of March 31, 2021

 

 

247,711

 

 

$

35.20