Stock-Based Compensation

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation

A summary of restricted share activity for the three months ended March 31, 2020 is as follows:

	2020
	Time-Based				Performance-Based
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares	Weighted Average Grant Date Fair Value
	(In whole shares)				(In whole shares)
Outstanding - beginning of year	471,634		$	32.06	50,000	$	32.55
Granted	6,000		35.13		—	—
Vested	(15,667	)	36.83		—	—
Canceled or expired	(5,000	)	37.55		—	—
Outstanding - end of period	456,967		$	31.96	50,000	$	32.55

Total stock-based compensation expense included in Selling, general and administrative expenses for the three months ended March 31, 2020 and 2019 were $1.4 million and $1.9 million, respectively. As of March 31, 2020, there was $7.3 million of unrecognized compensation cost related to non-vested stock-based compensation, which cost is expected to be recognized over a weighted-average period of 2.2 years.