Employee Share Plans (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Share-Based Compensation Awards

Compensation expense for stock-based awards recognized during the three months ended March 31, 2020 and 2019 was as follows (in thousands):

	Three Months Ended
	March 31,
	2020		2019
Stock options	$	421	$	519
Restricted stock units and awards		1,171		929
Performance share units		431		34
Total stock-based compensation expense	$	2,023	$	1,482

Stock Award Activity

Stock Options and Restricted Stock Units and Awards – The following table presents our stock options and restricted stock award activity during the three months ended March 31, 2020 (in thousands, except per share data):

	Stock Options					Restricted Stock Units and 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		2,412		$	13.58		577		$	17.87
Granted		—		$	—		132		$	25.75
Exercised / Vested		(116	)	$	8.76		(85	)	$	18.62
Expired or cancelled		—		$	—		—		$	—
Outstanding at March 31, 2020		2,296		$	13.82		624		$	19.43
Exercisable at March 31, 2020		1,340		$	11.78

(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, 2020 (in thousands, except per share data):

	Performance Share Units		Weighted Average Grant-Date Fair Value
Outstanding at beginning of year		200	$	19.82
Granted		132	$	25.75
Vested		—	$	—
Expired or cancelled		—	$	—
Outstanding at March 31, 2020		332	$	22.17