Stock Incentive Plan and Other Equity Activity

6 Months Ended

Jun. 30, 2019

Stockholders' Equity Note [Abstract]

Stock Incentive Plan and Other Equity Activity



12.	STOCK INCENTIVE PLAN AND OTHER EQUITY ACTIVITY

General—The Company has a stock incentive plan (the “Stock Incentive Plan”) that is administered by the Compensation and Talent Development Committee of the Board of Directors. Under the Stock Incentive Plan, the Company can issue shares to employees and directors in the form of restricted stock awards (“RSAs”), restricted stock units (“RSUs”), and performance based shares (“PSUs”). Changes in common stock, additional paid in capital, and treasury stock during the six months ended June 30, 2019 primarily relate to activity associated with the Stock Incentive Plan and share repurchases.

Share Grants—During the six months ended June 30, 2019, the Company had the following share grants associated with the Stock Incentive Plan:



	Shares	Weighted Average Grant-Date Fair Value per Share
RSAs	52	$	12.06
RSUs	138	$	10.96
PSUs	185	$	10.89
Total shares granted	375	—

Share Issuances—During the six months ended June 30, 2019, the Company had the following share issuances associated with the Stock Incentive Plan:



		Shares
RSA (issued upon grant)		52
RSUs (issued upon vesting)		73
PSUs (issued upon vesting)		54
Total shares issued		179

Stock-Based Compensation Expense—During the three and six months ended June 30, 2019 the Company recognized $649 and $1,670, respectively, of stock-based compensation expense, and during the three and six months ended June 30, 2018 the Company recognized $766 and $1,383 of stock-based compensation expense, primarily within general and administrative expenses. The Company recognizes forfeitures as they occur, rather than estimating expected forfeitures.

Share Repurchases—During the six months ended June 30, 2019, the Company repurchased 250 shares of the Company’s outstanding common stock for $3,201 under the stock repurchase plan, all of which were purchased in the first quarter of 2019. The Company also repurchased 7 and 59 shares for taxes withheld on stock-based compensation vestings for $98 and $662 during the three and six months ended June 30, 2019.