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Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Company's stock-based compensation activity
The following table shows the Company’s stock-based compensation activity:
 
Fiscal Years Ended December 31,
(in thousands) 
2019
 
2018
 
2017
Stock-based compensation expense recognized in operating expenses
$
9,480

 
$
10,356

 
$
12,744

Tax benefit of stock-based compensation expense in provision for income taxes
2,330

 
2,476

 
4,575

Stock-based compensation expense, net of tax
$
7,150

 
$
7,880

 
$
8,169

Fair value of shares vested
$
16,760

 
$
15,372

 
$
11,043

Proceeds to the Company from the exercise of stock options
$
—

 
$
695

 
$
6,610
Schedule of unvested restricted stock unit activity following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2019:

Shares
(in thousands)
 
Weighted-
Average
Price
 
Aggregate
Intrinsic
Value *
(in thousands)
Unvested Restricted Stock Units (RSUs)
 
 
Outstanding at January 1, 2019
604

 
$
41.37

 
$
32,669

Awarded
221

 
57.73

 


Vested
(275
)
 
37.71

 


Forfeited
(87
)
 
57.06

 


Outstanding at December 31, 2019
462

 
$
47.75

 
$
37,065

Outstanding and expected to vest at December 31, 2019
458

 
$
47.69

 
$
36,763



* The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $80.23, as reported by the New York Stock Exchange on December 31, 2019.