At December 31, 2023, 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, 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,
	2023		2022		2021
Service-Based RSUs	$	2,869	$	2,834	$	2,714
Performance-Based RSUs		1,813		4,469		3,113
Cash-settled awards		499		423		278
Total	$	5,181	$	7,726	$	6,105
Income tax benefit		1,192		1,777		1,404
Net	$	3,989	$	5,949	$	4,701

The fair value of all equity awards that vested during the periods ended December 31, 2023, 2022, and 2021 were $8,282, $4,535, and $7,063, respectively. We recorded a tax deduction related to equity awards that vested during the year ended December 31, 2023, in the amount of $1,858.

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, 2023		Weighted- average period
Service-Based RSUs	$	2,328	1.32
Performance-Based RSUs		2,245	1.58
Total	$	4,573	1.45

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, 2023:


	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		663,052		35,100		30,000		14,545		4,722
Maximum potential awards outstanding		663,052		35,100		30,000		14,545		4,722
RSUs and cash settled awards vested and released		446,973		—		—		—		—
Awards available to be granted		1,389,975		—		—		—		—

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 may 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, 2023 is presented below:


	Units			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2023		282,124		$	27.44
Granted		92,174			42.73
Released		(73,382	)		32.78
Forfeited		(19,950	)		37.31
Outstanding at December 31, 2023		280,966		$	30.36		18.18	$	12,289
Releasable at December 31, 2023		144,267		$	22.21		30.02	$	6,310


	Years Ended December 31,
	2023		2022		2021
Weighted-average fair value upon release	$	45.19	$	35.38	$	33.81
Intrinsic value of RSUs released	$	3,316	$	2,794	$	5,408

A summary of non-vested RSU activity for the year ended December 31, 2023 is presented below:


	RSUs			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2023		146,657		$	33.64
Granted		92,174			42.73
Vested		(82,182	)		34.08
Forfeited		(19,950	)		37.31
Nonvested at December 31, 2023		136,699		$	38.97

We grant PRSUs to certain executives and key employees. PRSUs are usually awarded in the range from zero percent to 200% of a targeted number of shares. The award rate for the 2021-2023, 2022-2024, and 2023-2025 PSUs is dependent upon our achievement of targets for sales growth, cash flow, and relative total shareholder return ("RTSR"). We use a matrix based on the percentile ranking of our stock price performance compared to a peer group over a three-year period to calculate the achievement of the RTSR targets. Other PRSUs are granted from time to time based on other performance criteria. The initial fair value of the PRSUs 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 PRSU activity for the year ended December 31, 2023 is presented below:


	Units			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2022		260,306		$	33.20
Granted		71,832			43.80
Added by performance factor		53,035			32.11
Released		(113,385	)		32.11
Forfeited		(51,132	)		33.14
Outstanding at December 31, 2022		220,656		$	36.96		1.83	$	9,651
Releasable at December 31, 2022		—		$	—			$	—

The following table summarizes each grant of PRSUs outstanding at December 31, 2023:


Description	Grant Date	Vesting Year	Vesting Dependency	Target Units Outstanding		Maximum Number of Units to be Granted
2021 - 2023 Performance RSUs	February 9, 2021	2023	25% RTSR, 40% sales growth, 35% operating cash flow		58,541		117,082
2022 - 2024 Performance RSUs	February 10, 2022	2024	35% RTSR, 35% sales growth, 30% operating cash flow		65,508		131,016
Focus 2025 Performance RSUs	Varies	2024	Cumulative revenues of $750 million over a trailing four-quarter period		32,900		32,900
2023-2025 Performance RSUs	February 9, 2023	2025	60% sales growth, 40% operating cash flow, RTSR modifier		63,707		127,414
Total					220,656		408,412

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, 2023, and 2022, we had 42,062 and 46,641 cash-settled RSUs outstanding, respectively. At December 31, 2023 and 2022, liabilities of $676 and $566, respectively were included in accrued expenses and other liabilities on our Consolidated Balance Sheets.