Stock Incentive Plan and Other Equity Activity

9 Months Ended

Sep. 30, 2021

Stockholders' Equity Note [Abstract]

Stock Incentive Plan And Other Equity Activity


13.			STOCK INCENTIVE PLAN AND OTHER EQUITY ACTIVITY

General—The Company has a stock incentive plan (the “Stock Incentive Plan”) and an employee stock purchase plan (the “ESPP”) that are 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 share units (“PSUs”). Changes in common stock, additional paid in capital and treasury stock during the nine months ended September 30, 2021 primarily relate to activity associated with the Stock Incentive Plan, the ESPP and shares withheld for taxes.

Share Grants—During the nine months ended September 30, 2021, the Company granted the following awards under the Stock Incentive Plan:


	Shares	Weighted Average Grant-Date Fair Value per Share
RSAs	29	$	23.19
RSUs	108	$	20.55
PSUs (at target)	139	$	20.54
Total shares granted	276

Share Issuances—During the nine months ended September 30, 2021, the Company issued the following shares under the Stock Incentive Plan and the ESPP:


						Shares
RSAs (issued upon grant)						29
RSUs (issued upon vesting)						55
PSUs (issued upon vesting)						621
ESPP (issued upon sale)						18
Total shares issued						723

Stock-Based Compensation Expense—During the three and nine months ended September 30, 2021, the Company recognized $1,840 and $5,690, respectively, of stock-based compensation expense, and during the three and nine months ended September 30, 2020, the Company recognized $1,765 and $7,961 of stock-based compensation expense, respectively, primarily within general and administrative expenses. The Company recognizes forfeitures as they occur, rather than estimating expected forfeitures. Included within total stock-based compensation expense for the three and nine months ended September 30, 2021 is $19 and $66, respectively, of expense related to the ESPP, and during the three and nine months ended September 30, 2020, the Company recognized $18 and $54, respectively, of expense related to the ESPP.

Shares Withheld for Taxes—The Company withheld 4 and 250 shares for taxes on RSU/PSU stock-based compensation vestings for $99 and $5,718 during the three and nine months ended September 30, 2021, respectively.

AOCI—During the three and nine months ended September 30, 2021, changes in AOCI were a result of net gains (losses) recognized in OCI and amounts reclassified from AOCI into earnings related to our interest rate derivative. See Note 9 - Financial Instruments for further discussion.

Warrants—During the three and nine months ended September 30, 2021, certain holders of warrants elected the cashless exercise option and the Company issued 125 common shares on the exercise of 230 warrants with a market value of $2,812.