Under the 2005 Executive Incentive Compensation Plan, as amended and restated (the “2005 Plan”), the Company may grant up to 8,125,000 shares of common stock to be used as incentive awards. The 2005 Plan allows the Company to grant awards to key employees, including restricted stock awards, stock options, other stock-based incentive awards and cash-based incentive awards subject primarily to the requirement of continued employment. Awards under the 2005 Plan are available for grant over a ten-year period unless terminated earlier by the Board of Directors. The Company granted 480,325, 510,684, and 406,743 shares of restricted stock to employees in 2020, 2019 and 2018, respectively. No monetary consideration is paid to the Company by employees who receive restricted stock. The restricted shares vest ratably over three to five years. Restricted stock can be granted with or without performance restrictions.

Under the Company’s 2005 Non-Employee Directors’ Restricted Stock Plan, as amended and restated, incentive awards of up to 1,075,000 shares of common stock may be granted. Awards under this plan are available for grant over a ten-year period expiring March 23, 2029, unless terminated earlier by the Board of Directors. The Company granted 90,000, 90,000, and 33,732 shares of restricted stock in 2020, 2019 and 2018, respectively.

The Company recognized approximately $1.3 million, $2.3 million, and $2.3 million in non-cash stock compensation expense for restricted stock awards in 2020, 2019 and 2018, respectively.

The following summary presents information regarding restricted stock and restricted stock units for the three years in the period ended December 31, 2020:

								Average
				Weighted		Aggregate		Remaining		Unrecognized
				Average		Intrinsic		Vesting		Compensation
	Shares			Grant Date		Value		Period		Expense
	(000’s)			Fair Value		(000’s)		(months)		(000’s)
Balance at January 1, 2018		1,190		$	4.75
Granted		440			6.86
Restricted stock vested		(393	)		4.76
Forfeited		(225	)		4.54
Outstanding at December 31, 2018		1,012			5.72
Granted		600			2.36
Restricted stock vested		(555	)		5.33
Forfeited		(142	)		5.07
Outstanding at December 31, 2019		915			3.85
Granted		480			1.41
Restricted stock vested		(377	)		4.29
Forfeited		(26	)		3.66
Outstanding at December 31, 2020		992		$	2.54	$	3,640		17.1	$	838
Restricted stock units vested at December 31, 2020		134		$	2.56	$	490	N/A		N/A