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Stock-based Compensation
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Stock-based Compensation
Stock-based Compensation

In 2015, the Company issued 390,352 restricted stock units ("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 dates 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. In 2018, the Company issued 70,000 RSUs to executive officers and other employees valued at $404,000 on the dates of grant.
 
The following summarizes our RSU activity (units in thousands):
 
Number of Units
 
Weighted Average Grant-Date Fair Value
 
 
 
 
Outstanding at December 31, 2017
307

 
$
9.84

Units granted
70

 
5.76

Units vested
(89
)
 
10.02

Units forfeited
(15
)
 
8.81

Outstanding at September 30, 2018
273

 
8.79

Units vested
(6
)
 
7.17

Units forfeited
(3
)
 
9.71

Outstanding at December 31, 2018
264

 
8.91

Units vested
(95
)
 
9.67

Units forfeited
(15
)
 
8.23

Outstanding at September 30, 2019
154

 
$
8.51


The Company recorded $719,000 and $716,000 of compensation expense related to the RSUs for the nine months ended September 30, 2019 and 2018, 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, 2019, was $1.5 million.