Equity Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

The amounts of equity-based compensation expense recognized as part of SG&A expenses in All Other in business segment reporting were as follows (in thousands):

	2019		2018		2017
Non-qualified and performance stock options	$	1,939	$	201	$	865
Restricted stock / units	4,772		4,305		4,648
Performance shares / units	4,399		777		1,834
Total stock-based compensation expense	$	11,110	$	5,283	$	7,347

Schedule of Unrecognized Compensation Cost, Nonvested Awards

As of December 31, 2019, unrecognized compensation expense related to equity-based compensation arrangements granted under the company's 2018 Plan and previous plans, which is related to non-vested options and shares, was as follows (in thousands):

	2019		2018		2017
Non-qualified and performance stock options	$	—	$	1,939	$	2,502
Restricted stock and restricted stock units	8,453		7,469		7,005
Performance shares and performance share units	8,269		7,441		5,523
Total unrecognized stock-based compensation expense	$	16,722	$	16,849	$	15,030

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes information about stock option activity for the three years ended 2019, 2018 and 2017:  

	2019			Weighted Average Exercise Price		2018			Weighted Average Exercise Price		2017			Weighted Average Exercise Price
Options outstanding at January 1	1,885,362			$	18.78	2,631,569			$	19.44	2,542,732			$	21.19
Granted	—			—		—			—		756,420			12.15
Exercised	—			—		(184,549		)	14.28		(193,263		)	13.51
Canceled	(444,160		)	20.49		(561,658		)	23.34		(474,320		)	19.45
Options outstanding at December 31	1,441,202			$	18.26	1,885,362			$	18.78	2,631,569			$	19.44
Options exercise price range at December 31	$ 12.15 to					$ 12.15 to					$ 12.15 to
	$	33.36				$	33.36				$	33.36
Options exercisable at December 31	910,267					1,354,202					2,029,773
Shares available for grant at December 31*	3,851,945					3,994,255					2,131,355

 ________________________

 *

Shares available for grant under the 2018 Plan as of December 31, 2019 reduced by net restricted stock and restricted stock unit and performance share and performance share unit award activity of (510,028) shares and 812,396 shares, respectively.

Schedule of Share-based Compensation, Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2019:

	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding At 12/31/19	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable At 12/31/19	Weighted Average Exercise Price
$ 12.15 – $20.00	792,284	5.8	$	12.75	261,349	$	13.98
$ 20.01 – $25.00	306,999	1.7	24.45		306,999	24.45
$ 25.01 – $30.00	337,423	0.6	25.33		337,423	25.33
$ 30.01 – $33.36	4,496	1.4	33.36		4,496	33.36
Total	1,441,202	3.7	$	18.26	910,267	$	21.82

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of options granted is estimated on the date of grant using the Black-Scholes option-pricing model. The calculated fair value of the 2017 performance option awards was $5.38 based on the following assumptions:

Expected dividend yield	0.4	%
Expected stock price volatility	39.1	%
Risk-free interest rate	2.31	%
Expected life in years	7.8
Forfeiture percentage	5.0	%

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes information about restricted shares and restricted share units (primarily for non-U.S. recipients):

	2019		Weighted Average Fair Value		2018		Weighted Average Fair Value		2017		Weighted Average Fair Value
Stock / Units unvested at January 1	637,663		$	15.04	776,520		$	13.75	878,356		$	15.87
Granted	828,484		9.86		377,299		17.48		523,412		12.37
Vested	(309,150	)	14.26		(386,275	)	15.05		(369,128	)	16.63
Canceled	(191,912	)	12.60		(129,881	)	14.43		(256,120	)	14.02
Stock / Units unvested at December 31	965,085		$	11.32	637,663		$	15.04	776,520		$	13.75

Share-based Compensation, Performance Shares Award Unvested Activity

The following table summarizes information about performance shares and performance share units (primarily for non-U.S. recipients):

	2019		Weighted Average Fair Value		2018		Weighted Average Fair Value		2017		Weighted Average Fair Value
Shares / Units unvested at January 1	448,294		$	14.37	457,879		$	12.33	309,468		$	14.58
Granted	576,737		9.93		205,164		17.48		336,694		12.02
Vested	(255,259	)	12.02		(155,766	)	12.82		—		—
Canceled	(16,500	)	11.99		(58,983	)	13.43		(188,283	)	15.48
Shares / Units unvested at December 31	753,272		$	11.82	448,294		$	14.37	457,879		$	12.33