At December 31, 2022, we had five stock-based compensation plans: the Non-Employee Directors' Stock Retirement Plan ("Directors' Plan"), the 2004 Omnibus Long-Term Incentive Plan ("2004 Plan"), the 2009 Omnibus Equity and Performance Incentive Plan ("2009 Plan"), the 2014 Performance & Incentive Plan ("2014 Plan"), and the 2018 Equity and Incentive Compensation Plan ("2018 Plan"). Future grants can only be made under the 2018 Plan. The 2018 Plan allows for grants of stock options, stock appreciation rights, restricted stock, restricted stock units ("RSUs"), performance shares, performance units, and other stock awards subject to the terms of the 2018 Plan.

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


	Years Ended December 31,
	2022		2021		2020
Service-Based RSUs	$	2,834	$	2,714	$	2,601
Performance-Based RSUs		4,469		3,113		539
Cash-settled awards		423		278		277
Total	$	7,726	$	6,105	$	3,417
Income tax benefit		1,777		1,404		786
Net	$	5,949	$	4,701	$	2,631

The fair value of all equity awards that vested during the periods ended December 31, 2022, 2021, and 2020 were $4,535, $7,063, and $5,680, respectively. We recorded a tax deduction related to equity awards that vested during the year ended December 31, 2022, in the amount of $1,624.

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 expense at December 31, 2022		Weighted- average period
Service-Based RSUs	$	2,003	1.26
Performance-Based RSUs		4,501	1.69
Total	$	6,504	1.56

We recognize expense on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was, in substance, multiple awards.

The following table summarizes the status of these plans as of December 31, 2022:


	2018 Plan		2014 Plan		2009 Plan		2004 Plan		Directors' Plan
Awards originally available to be granted		2,500,000		1,500,000		3,400,000		6,500,000	N/A
Performance stock options outstanding		—		—		—		—		—
Maximum potential RSU and cash settled awards outstanding		724,769		35,100		30,000		14,545		4,722
Maximum potential awards outstanding		724,769		35,100		30,000		14,545		4,722
RSUs and cash settled awards vested and released		251,360		—		—		—		—
Awards available to be granted		1,523,871		—		—		—		—

Service-based RSUs entitle the holder to receive one share of common stock for each unit when the unit vests. RSUs are issued to officers, key employees, and non-employee directors as compensation. Generally, the RSUs vest over a three-year period. RSUs granted to non-employee directors generally vest one year after being granted. Upon vesting, the non-employee directors elect to either receive the stock associated with the RSU immediately or defer receipt of the stock to a future date. The fair value of the RSUs is equivalent to the trading value of our common stock on the grant date.

A summary of RSU activity for the year ended December 31, 2022 is presented below:


	Units			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2022		283,216		$	24.91
Granted		86,624			35.38
Released		(79,563	)		26.78
Forfeited		(8,153	)		30.46
Outstanding at December 31, 2022		282,124		$	27.44		17.79	$	11,069
Releasable at December 31, 2022		135,467		$	20.73		30.35	$	5,340


	Years Ended December 31,
	2022		2021		2020
Weighted-average grant date fair value	$	35.38	$	33.81	$	27.94
Intrinsic value of RSUs released	$	2,794	$	5,408	$	2,503

A summary of non-vested RSU activity for the year ended December 31, 2022 is presented below:


	RSUs			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2022		150,549		$	31.42
Granted		86,624			35.38
Vested		(82,363	)		31.73
Forfeited		(8,153	)		30.46
Nonvested at December 31, 2022		146,657		$	33.64

We grant performance-based restricted stock unit awards ("PSUs") to certain executives and key employees. PSUs are usually awarded in the range from zero percent to 200% of a targeted number of shares. The award rate for the 2018-2020, 2019-2021, and 2020-2022 PSUs was dependent upon our achievement of sales growth targets, cash flow targets, and relative total shareholder return ("RTSR") using a matrix based on the percentile ranking of our stock price performance compared to a peer group over a three-year period. Other PSUs are granted from time to time based on other performance criteria. The initial fair value of the PSUs is equivalent to the trading value of our common stock on the grant date. The fair value is subsequently adjusted quarterly based on management's assessment of the Company's performance relative to the target number of shares performance criteria.

A summary of PSU activity for the year ended December 31, 2022 is presented below:


	Units			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2022		237,767		$	31.35
Granted		84,852			37.15
Added by performance factor		5,136			29.50
Released		(51,848	)		30.64
Forfeited		(15,601	)		31.83
Outstanding at December 31, 2022		260,306		$	33.30		1.84	$	10,261
Releasable at December 31, 2022		—		$	—			$	—

The following table summarizes each grant of performance awards outstanding at December 31, 2022:


Description	Grant Date	Vesting Year	Vesting Dependency	Target Units Outstanding		Maximum Number of Units to be Granted
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		59,475		118,950
2021 - 2023 Performance RSUs	Varies	2023	25% RTSR, 40% sales growth, 35% operating cash flow		67,569		135,138
2022 - 2024 Performance RSUs	February 10, 2022	2024	35% RTSR, 35% sales growth, 30% operating cash flow		77,862		155,724
Focus 2025 Performance RSUs	Varies	2024	Cumulative revenues of $750 million over a trailing four-quarter period		53,650		53,650
Total					260,306		466,962

Cash-Settled RSUs entitle the holder to receive the cash equivalent of one share of common stock for each unit when the unit vests. These RSUs are issued to key employees residing in foreign locations as direct compensation. Generally, these RSUs vest over a three-year period. Cash-settled RSUs are classified as liabilities and are remeasured at each reporting date until settled. At December 31, 2022, and 2021, we had 46,641 and 32,085 cash-settled RSUs outstanding, respectively. At December 31, 2022, and 2021, liabilities of $566 and $400, respectively were included in accrued expenses and other liabilities on our Consolidated Balance Sheets.