Employee Share Plans (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Share-Based Compensation Awards

Compensation expense for stock-based awards recognized during the three months ended March 31, 2019 and 2018 was as follows (in thousands):

	Three Months Ended
	March 31,
	2019		2018
Stock options	$	519	$	518
Restricted stock awards		929		919
Performance share units		34		—
Total stock-based compensation expense	$	1,482	$	1,437

Stock Award Activity

Stock Options and Restricted Stock Awards – The following table presents our stock options and restricted stock award activity during the three months ended March 31, 2019 (in thousands, except per share data):

	Stock Options					Restricted Stock Awards
	Number of Options			Weighted Average Exercise Price Per Share		Number of Shares			Weighted Average Grant-Date Fair Value (1)
Outstanding at beginning of year		3,622		$	11.97		632		$	15.35
Granted		—		$	—		173		$	19.82
Exercised / Vested		(189	)	$	7.40		(63	)	$	14.31
Expired or cancelled		—		$	—		—		$	—
Outstanding at March 31, 2019		3,433		$	12.22		742		$	16.48
Exercisable at March 31, 2019		1,882		$	9.40

(1) Represents weighted average market value of the shares; awards are granted at no cost to the recipients.

Performance Shares [Member]

Stock Award Activity

The following table presents our PSU award activity during the three months ended March 31, 2019 (in thousands, except per share data):

	PSUs		Fair Value
Outstanding at beginning of year	$	—	$	—
Granted		173	$	19.82
Vested		—	$	—
Expired or cancelled		—	$	—
Outstanding at March 31, 2019	$	173	$	19.82