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Equity and Cash Incentive Programs (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock-Based Compensation Expense Stock-based compensation expense relating to all stock-based incentive plans was as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
2020
 
2019
 
2020
 
2019
Stock-based compensation expense
$
5,856

 
$
2,524

 
$
13,718

 
$
7,545

Tax benefit
(1,342
)
 
(615
)
 
(3,144
)
 
(1,841
)
Stock-based compensation expense, net of tax
$
4,514

 
$
1,909

 
$
10,574

 
$
5,704
Summary of Activity Related to Share-Based Awards
A summary of activity relating to our share-based awards for the nine months ended September 30, 2020, was as follows:
(in shares)
Stock-Settled Appreciation Rights
 
Performance Share Awards
 
Restricted Stock Units
 
Non-Qualified Stock Options
Outstanding at January 1, 2020
422,361

 
174,726

 
440,048

 
—

Granted
—

 
121,261

 
583,814

 
—

Replacement awards (1)
—

 
—

 
2,357,733

 
7,324,853

Forfeited
(7,030
)
 
(5,011
)
 
(24,834
)
 
(9,693
)
Exercised / vested
—

 
(6,891
)
 
(164,314
)
 
(946
)
Outstanding at September 30, 2020
415,331

 
284,085

 
3,192,447

 
7,314,214

_______________________
(1) In connection with the Merger, the Company entered into the Employee Matters Agreement dated December 18, 2019, which provided the terms in which certain Ecolab share-based awards held by legacy ChampionX employees were replaced with share-based awards of the Company on the merger date. The fair value of the replacement awards has been allocated between each employee’s pre-combination and post-combination services. Amounts allocated to pre-combination services have been included as consideration transferred as part of the Merger. See Note 2—Merger Transaction for a summary of consideration
transferred. Compensation costs of $15.8 million allocated to post-combination services will be recorded as stock-based compensation expense over each employees’ remaining service period.