Employee Benefits (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
Postemployment Benefits [Abstract] |
|
Summary of Workers' Compensation Known Claims and IBNR Reserves |
Workers’ compensation known claims and IBNR reserves included on the Condensed Consolidated Balance Sheets were as follows (in thousands): | | | | | | | | | | | | | June 30, 2021 | | December 31, 2020 | Included in other current liabilities | $ | 7,591 | | | $ | 7,703 | | Included in other long-term liabilities | 11,348 | | | 11,986 | | | $ | 18,939 | | | $ | 19,689 | |
|
Schedule of Insurance Receivable for Claims |
This receivable offsets an equal liability included within the reserve amounts noted above and was as follows (in thousands): | | | | | | | | | | | | | June 30, 2021 | | December 31, 2020 | Included in other non-current assets | $ | 1,889 | | | $ | 1,854 | |
|
Summary of Equity-based Awards for Employees |
Amounts and changes for each category of equity-based award were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock Awards | | Performance-Based Stock Awards | | Performance-Based Restricted Stock Units | | Awards | | Weighted Average Grant Date Fair Value Per Share | | Awards | | Weighted Average Grant Date Fair Value Per Share | | Units | | Weighted Average Grant Date Fair Value Per Share | Nonvested awards/units at December 31, 2020 | 231,280 | | | $ | 48.05 | | | 166,961 | | | $ | 59.97 | | | 13,273 | | | $ | 36.51 | | Granted | 48,673 | | | 125.75 | | | 42,449 | | | 123.32 | | | 8,470 | | | 126.89 | | Vested | (83,403) | | | 48.63 | | | (64,525) | | | 52.79 | | | (12,952) | | | 36.51 | | Forfeited/Cancelled | (1,092) | | | 43.73 | | | — | | | — | | | (443) | | | 61.40 | | Nonvested awards/units at June 30, 2021 | 195,458 | | | $ | 67.17 | | | 144,885 | | | $ | 81.73 | | | 8,348 | | | $ | 126.89 | |
|
Summary of Stock Compensation Expenses |
The following table summarizes the share-based compensation expense recognized under our 2014 Omnibus Incentive Plan (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2021 | | 2020 | | 2021 | | 2020 | Common Stock Awards | $ | 1,296 | | | $ | 1,026 | | | $ | 2,417 | | | $ | 2,009 | | Non-Employee Common Stock Awards | 111 | | | 92 | | | 213 | | | 125 | | Performance-Based Stock Awards | 1,187 | | | 947 | | | 2,334 | | | 1,916 | | Liability Performance-Based Stock Awards | 680 | | | 538 | | | 1,385 | | | 1,067 | | Performance-Based Restricted Stock Units | 224 | | | 130 | | | 344 | | | 298 | | | $ | 3,498 | | | $ | 2,733 | | | $ | 6,693 | | | $ | 5,415 | |
We recorded the following stock compensation expense by income statement category (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2021 | | 2020 | | 2021 | | 2020 | Cost of sales | $ | 63 | | | $ | 65 | | | $ | 126 | | | $ | 161 | | Selling | 38 | | | 59 | | | 89 | | | 109 | | Administrative | 3,397 | | | 2,609 | | | 6,478 | | | 5,145 | | | $ | 3,498 | | | $ | 2,733 | | | $ | 6,693 | | | $ | 5,415 | |
|
Unrecognized Share-Based Compensation Expense Related to Unvested Awards |
Unrecognized share-based compensation expense related to unvested awards was as follows (in thousands): | | | | | | | | | | | | | As of June 30, 2021 | | Unrecognized Compensation Expense on Unvested Awards | | Weighted Average Remaining Vesting Period | Common Stock Awards | $ | 10,092 | | | 2.0 years | Performance-Based Stock Awards | 7,210 | | | 1.9 years | Performance-Based Restricted Stock Units | 800 | | | 0.8 years | Total unrecognized compensation expense related to unvested awards | $ | 18,102 | | | |
|