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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of 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,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service-based RSUs

 

$

738

 

 

$

779

 

 

$

1,425

 

 

$

1,359

 

Performance-based RSUs

 

 

1,066

 

 

 

19

 

 

 

1,559

 

 

 

(349

)

Cash-settled RSUs

 

 

99

 

 

 

19

 

 

 

138

 

 

 

35

 

Total

 

$

1,903

 

 

$

817

 

 

$

3,122

 

 

$

1,045

 

Income tax benefit

 

 

438

 

 

 

189

 

 

 

718

 

 

 

240

 

Net expense

 

$

1,465

 

 

$

628

 

 

$

2,404

 

 

$

805

 

Summary of Unrecognized Compensation Expense related to Non-Vested RSUs

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, 2021

 

 

Period (years)

 

Service-based RSUs

 

$

2,564

 

 

 

1.43

 

Performance-based RSUs

 

 

3,692

 

 

 

1.98

 

Total

 

$

6,256

 

 

 

1.75

 

Summary of Status of Plans

The following table summarizes the status of these plans as of June 30, 2021:

 

 

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

 

Maximum potential awards outstanding

 

 

645,035

 

 

 

35,100

 

 

 

45,200

 

 

 

14,545

 

 

 

4,722

 

RSUs and cash settled awards vested and released

 

 

116,967

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards available for grant

 

 

1,737,998

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Service-Based Restricted Stock Units

The following table summarizes the service-based RSU activity for the six months ended June 30, 2021:

 

 

 

Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2020

 

 

367,428

 

 

$

21.28

 

Granted

 

 

65,950

 

 

 

32.80

 

Vested and released

 

 

(151,280

)

 

 

20.88

 

Forfeited

 

 

(7,889

)

 

 

27.27

 

Outstanding at June 30, 2021

 

 

274,209

 

 

$

24.11

 

Releasable at June 30, 2021

 

 

116,767

 

 

$

15.83

 

Summary of Performance and Market Based RSUs

The following table summarizes the performance and market-based RSU activity for the six months ended June 30, 2021:

 

 

 

Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2020

 

 

225,559

 

 

$

28.97

 

Granted

 

 

81,622

 

 

 

34.38

 

Attained by performance

 

 

18,107

 

 

 

28.33

 

Released

 

 

(53,137

)

 

 

28.33

 

Forfeited

 

 

(25,872

)

 

 

26.82

 

Outstanding at June 30, 2021

 

 

246,279

 

 

$

31.08

 

Releasable at June 30, 2021

 

 

 

 

$