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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Compensation Cost
A summary of compensation cost recognized for stock-based payment arrangements is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Compensation cost recognized:
Restricted stock and restricted stock units$694 $582 $1,554 $1,385 
Total stock-based compensation$694 $582 $1,554 $1,385 
Summary of Stock Option Activity and Related Information
A summary of stock option activity and related information for the nine months ended September 30, 2020 is as follows:
Nine Months Ended September 30, 2020
OptionsWeighted
Average
Exercise
Price
Outstanding at January 1, 202033,458 $254.80 
Granted— — 
Exercised— — 
Forfeited/expired— — 
Outstanding at September 30, 202033,458 $254.80 
Exercisable at September 30, 202033,458 $254.80 
Schedule of Restricted Stock Activity
A summary of the status of our time-based restricted stock awards and of changes in our time-based restricted stock awards outstanding for the nine months ended September 30, 2020 is as follows:
Nine Months Ended September 30, 2020
SharesWeighted
Average
Grant-Date
Fair Value
Per Share
Outstanding at January 1, 202062,817 $64.40 
Granted— — 
Vested(16,767)64.40 
Forfeited(5,716)64.40 
Outstanding at September 30, 202040,334 $64.40 
A summary of the status of our time-based restricted stock unit awards and of changes in our time-based restricted stock unit awards outstanding for the nine months ended September 30, 2020 is as follows:
Nine Months Ended September 30, 2020
RSUsWeighted
Average
Grant-Date
Fair Value
Per Share
Outstanding at January 1, 202044,439 $59.71 
Granted64,914 12.96 
Vested and converted(17,392)33.06 
Forfeited(16,152)19.21 
Outstanding at September 30, 202075,809 $34.42 
A summary of the status of our performance-based and market-based restricted stock unit awards and of changes in our restricted stock unit awards outstanding for the nine months ended September 30, 2020 is as follows:
Nine Months Ended September 30, 2020
RSUsWeighted
Average
Grant-Date
Fair Value
Per Share
Outstanding at January 1, 202023,480 $33.90 
Granted24,854 12.42 
Vested and converted(1,260)30.89 
Forfeited(8,515)21.24 
Outstanding at September 30, 202038,559 $22.95