Employee Share Plans (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Share-Based Compensation Awards

Compensation expense for stock-based awards recognized during the three and nine months ended September 30, 2019 and 2018 was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Stock options	$	425	$	531	$	1,423	$	2,078
Restricted stock awards		1,146		978		3,228		3,280
Performance share units		288		—		607		—
Total stock-based compensation expense	$	1,859	$	1,509	$	5,258	$	5,358

Stock Award Activity

Stock Options and Restricted Stock Awards – The following table presents our stock options and restricted stock award activity during the nine months ended September 30, 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		—		$	—		227		$	19.78
Exercised or released		(558	)	$	8.70		(282	)	$	13.76
Expired or canceled		—		$	—		—		$	—
Outstanding at September 30, 2019		3,064		$	12.57		577		$	17.88
Exercisable at September 30, 2019		2,107		$	10.71

(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 nine months ended September 30, 2019 (in thousands, except per share data):

	PSUs		Grant-Date Fair Value Per Unit
Outstanding at beginning of year		—	$	—
Granted		173	$	19.82
Vested		—	$	—
Adjustments for performance results		—	$	—
Expired or cancelled		—	$	—
Outstanding at September 30, 2019		173	$	19.82