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Stock-based Compensation
 9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based Compensation
Stock-based Compensation

In 2015, the Company issued 390,352 RSUs to executive officers and other employees to be settled in shares of common stock. The total RSUs were valued at $4.1 million on the date of grant. In 2016, the Company issued 111,281 RSUs to executive officers and other employees valued at $909,000 on the date of grant.
 
The following summarizes our restricted stock unit "RSU" activity (units in thousands):
 
Number of Units
 
Weighted Average Grant-Date Fair Value
 
 
 
 
Outstanding at December 31, 2015
390

 
$
10.48

Units granted
111

 
8.17

Units vested
(75
)
 
10.5

Units forfeited
—

 
—

Outstanding at September 30, 2016
426

 
$
9.88

Units granted
—

 
—

Units vested
(2
)
 
9.56

Units forfeited
(8
)
 
9.95

Outstanding at December 31, 2016
416

 
$
9.87

Units granted
—

 
—

Units vested
(93
)
 
9.97

Units forfeited
(14
)
 
9.95

Outstanding at September 30, 2017
309

 
$
9.84


The Company recorded $650,000 and $621,000 of compensation expense related to the RSUs for the nine months ended September 30, 2017 and 2016, respectively. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of September 30, 2017, was $3.0 million.