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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Total Stock-Based Compensation Expense
The following table details total stock-based compensation expense for the three and six months ended June 30, 2020 and 2019, included in the condensed consolidated statements of income:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2020201920202019
Costs of sales$250  $516  $778  $1,047  
Operating expenses1,001  2,175  2,832  4,080  
Pre-tax stock-based compensation expense1,251  2,691  3,610  5,127  
Less: income tax effect(275) (592) (794) (1,128) 
Net stock-based compensation expense$976  $2,099  $2,816  $3,999  
Summary of Restricted Stock Activity
A summary of restricted stock activity (including shares of restricted stock issued pursuant to the settlement of performance share awards) under the Plans during the six months ended June 30, 2020 and 2019 is as follows:
Six Months Ended June 30, 2020Six Months Ended June 30, 2019
SharesWeighted-Average
Grant Date
Fair Value Per Share
SharesWeighted-Average
Grant Date
Fair Value Per Share
Unvested restricted stock outstanding at beginning of period525,859  $30.51  475,132  $32.00  
Granted136,771  26.16  133,936  30.89  
Performance share awards settled through the issuance of restricted stock19,678  30.15  138,566  29.80  
Vested(265,518) 30.85  (221,775) 33.48  
Unvested restricted stock outstanding at end of period416,790  $28.85  525,859  $30.51  
Summary of Performance Share Award Activity
A summary of performance share award activity under the Plans during the six months ended June 30, 2020 and 2019 is as follows, based on the target award amounts set forth in the performance share award agreements:
Six Months Ended June 30, 2020Six Months Ended June 30, 2019
SharesWeighted-Average
Grant Date
Fair Value Per Share
SharesWeighted-Average
Grant Date
Fair Value Per Share
Performance share awards outstanding at beginning of period200,709  $30.75  184,776  $30.15  
Granted107,298  26.96  110,310  30.95  
Adjusted for actual performance, net of forfeitures(35,477) 30.15  44,189  29.77  
Performance share awards settled through the issuance of restricted stock(19,678) 30.15  (138,566) 29.80  
Performance share awards outstanding at end of period252,852  $29.27  200,709  $30.75