Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of Equity-Based Compensation Expense

The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,			June 30,
	2020		2019		2020			2019
Service-based RSUs	$	779	$	488	$	1,359		$	1,094
Performance-based RSUs	19		1,038		(349		)	1,586
Cash-settled RSUs	19		53		35			113
Total	$	817	$	1,579	$	1,045		$	2,793
Income tax benefit	189		357		240			631
Net expense	$	628	$	1,222	$	805		$	2,162

Schedule of Unrecognized Equity-Based Compensation Expense

The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:

	Unrecognized
	Compensation		Weighted-
	Expense at		Average
	June 30, 2020		Period
Service-based RSUs	$	2,860	1.53
Performance-based RSUs	2,968		2.12
Total	$	5,828	1.83

Summary of Status of Equity-Based Compensation Plans

The following table summarizes the status of these plans as of June 30, 2020:

	2018 Plan	2014 Plan	2009 Plan	2004 Plan	Directors' Plan
Awards originally available	2,500,000	1,500,000	3,400,000	6,500,000	N/A
Performance-based options outstanding	—	—	—	—	—
Maximum potential RSU and cash settled awards outstanding	536,819	200,804	75,200	35,952	5,522
Maximum potential awards outstanding	536,819	200,804	75,200	35,952	5,522
RSUs and cash settled awards vested and released	35,637	—	—	—	—
Awards available for grant	1,927,544	—	—	—	—

Summary of Service-Based Restricted Stock Units

The following table summarizes the service-based RSU activity for the six months ended June 30, 2020: 

	Units		Weighted Average Grant Date Fair Value
Outstanding at December 31, 2019	364,396		$	19.87
Granted	92,996		27.73
Vested and released	(90,595	)	22.71
Forfeited	(3,893	)	28.43
Outstanding at June 30, 2020	362,904		$	21.08
Releasable at June 30, 2020	185,974		$	14.63

Schedule of Components of Performance-Based RSU's

The following table summarizes the performance and market-based RSU activity for the six months ended June 30, 2020:

	Units		Weighted Average Grant Date Fair Value
Outstanding at December 31, 2019	217,229		$	27.73
Granted	120,521		28.65
Attained by performance	38,820		23.84
Released	(111,838	)	23.74
Forfeited	(11,884	)	25.69
Outstanding at June 30, 2020	252,848		$	29.31
Releasable at June 30, 2020	—		$	—

The following table summarizes each grant of performance awards outstanding at June 30, 2020.

Description	Grant Date	Vesting Year	Vesting Dependency	Target Units Outstanding	Maximum Number of Units to be Granted
2018 - 2020 Performance RSUs	February 8, 2018	2020	35% RTSR, 35% sales growth, 30% operating cash flow	31,398	62,796
2018 - 2020 Performance RSUs	February 16, 2018	2020	35% RTSR, 35% sales growth, 30% operating cash flow	31,820	63,640
2019 - 2021 Performance RSUs	February 7, 2019	2021	35% RTSR, 35% sales growth, 30% operating cash flow	60,414	120,828
2019 Supplemental Performance RSUs	February 7, 2019	2021	Succession Planning Targets	6,945	13,890
2020 - 2022 QTI Performance RSUs	September 24, 2019	2022	50% EBITDA growth, 50% Sales growth	1,750	3,500
2020 - 2022 Performance RSUs	February 6, 2020	2022	25% RTSR, 40% sales growth, 35% operating cash flow	72,521	145,042
Focus 2025 Performance RSUs	April 23, 2020	2024	Cumulative revenues of $750 million over a trailing four-quarter period	48,000	48,000
Total				252,848	457,696