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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
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 Income (Loss). The Company’s vested stock grants to the Board and related expense for the years ended December 31, 2021, 2020 and 2019, was as follows:

 

 

 

Year Ended December 31,

 

(millions, except stock grants)

 

2021

 

 

2020

 

 

2019

 

Vested stock grants

 

 

13,420

 

 

 

25,066

 

 

 

14,076

 

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, 2021, and changes during the year ended December 31, 2021 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

 

Vested

 

 

(5,615

)

 

 

26.71

 

Forfeited

 

 

(3,729

)

 

 

33.95

 

Nonvested as of December 31, 2021

 

 

355,434

 

 

$

34.40

 

Summary of Compensation Expense Related to Restricted Stock Units

The Company's stock-based compensation expense related to restricted stock units for the years ended December 31, 2021, 2020 and 2019, which was included in General and administrative expenses within the Consolidated Statements of Income (Loss), was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2021

 

 

2020

 

 

2019

 

Stock-based compensation expense

 

$

4.6

 

 

$

1.1

 

 

$

1.1

 

The Company's stock-based compensation expense (net reduction of expense) related to PSU’s during the years ended December 31, 2021, 2020 and 2019, which is included in General and administrative expenses within the Consolidated Statements of Income (Loss), was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2021

 

 

2020

 

 

2019

 

Stock-based compensation expense

 

$

1.0

 

 

$

(1.0

)

 

$

3.3

 

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, 2021 was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2021

 

Unrecognized stock-based compensation

 

$

6.6

 

Weighted average (years)

 

1.5

 

Summary of Nonvested PSU's and Changes During the Period

Nonvested PSU’s as of December 31, 2021, and changes during the year ended December 31, 2021 were 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

 

Expired

 

 

(112,328

)

 

 

33.28

 

Nonvested as of December 31, 2021

 

 

135,383

 

 

$

36.79

 

 

 

Performance Shares  
Summary of Unrecognized Compensation Expense Related to Share Based Payment

Unrecognized stock-based compensation expense related to PSU’s and the respective weighted average periods in which the expense will be recognized as of December 31, 2021 was as follows:

 

 

 

Year Ended December 31,

 

(millions)

 

2021

 

Unrecognized stock-based compensation

 

$

2.5

 

Weighted average (years)

 

 

2.0