SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2019

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

11.          SHARE-BASED COMPENSATION

The Company granted approximately 338,000 in total of time-based restricted stock units and performance-based shares to certain of its employees at a weighted-average grant date fair value of $33.30 during the three months ended March 31, 2019.  

Total share-based compensation cost recognized in the Condensed Consolidated Statements of Income and Comprehensive Income as a component of selling, general and administrative expenses was $3.2 million and $2.7 million for the three months ended March 31, 2019 and 2018, respectively.  Total unrecognized compensation cost related to unvested share-based compensation arrangements was $21.2 million at March 31, 2019, and is expected to be recognized over a weighted-average period of approximately 2.2 years.  Total unrecognized compensation cost may be adjusted for any unearned performance shares or forfeited shares.