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Stock-Based Compensation | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation As of November 9, 2009, the Company adopted the Lear Corporation 2009 Long-Term Stock Incentive Plan (as amended, the "2009 LTSIP"). The 2009 LTSIP reserved 11,815,748 shares of common stock for issuance under stock option, restricted stock, restricted stock unit, restricted unit, performance share, performance unit and stock appreciation right awards. As of May 16, 2019, the Company adopted the Lear Corporation 2019 Long-Term Stock Incentive Plan (the "2019 LTSIP"), after which no awards will be issued under the 2009 LTSIP. The 2019 LTSIP reserves 2,526,858 shares of common stock plus shares of common stock awarded under the 2009 LTSIP that are cancelled subsequent to May 16, 2019, for issuance under stock option, restricted stock, restricted stock unit, restricted unit, performance share, performance unit and stock appreciation right awards. In addition, the Company adopted the Lear Corporation 2019 Inducement Grant Plan ("Inducement Plan") as of April 17, 2019, in conjunction with the acquisition of Xevo. The Inducement Plan reserved 146,516 shares of common stock for issuance under restricted stock and restricted stock unit awards, of which 145,202 awards were granted on April 17, 2019. The remaining shares under the Inducement Plan will not be awarded. Under the 2009 LTSIP, the 2019 LTSIP and the Inducement Plan, the Company has granted restricted stock units and performance shares to certain of its employees. The restricted stock units and performance shares generally vest in three years following the grant date. For the years ended December 31, 2019, 2018 and 2017, the Company recognized compensation expense related to the restricted stock unit and performance share awards of $22.3 million, $40.1 million and $68.7 million, respectively. Unrecognized compensation expense related to the restricted stock unit and performance share awards of $48.3 million will be recognized over the next 1.8 years on a weighted average basis. In accordance with the provisions of the restricted stock unit and performance share awards, the Company withholds shares from the settlement of such awards to cover minimum statutory tax withholding requirements. The withheld shares are classified as common stock held in treasury in the accompanying consolidated balance sheets as of December 31, 2019 and 2018. A summary of restricted stock unit and performance share transactions for the year ended December 31, 2019, is shown below:
| Restricted Stock Units | Weighted Average Grant Date Fair Value | Performance Shares | Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2018 | 517,331 |  | $125.30 | 920,706 |  | $139.56
Granted | 379,242 |  | $134.65 | 383,798 |  | $124.48
Distributed (vested) | (156,974 | ) |  | (364,054 | ) |
Cancelled | (34,463 | ) |  | (90,906 | ) |
Outstanding as of December 31, 2019 (1) | 705,136 |  | $128.71 | 849,544 |  | $140.83
Vested or expected to vest as of December 31, 2019 | 705,136 |  |  | 200,863 |  |
(1) | Outstanding performance shares are reflected at the maximum possible payout that may be earned during the relevant performance periods.
The grant date fair values of restricted stock units are based on the share price on the grant date. The grant date fair values of performance shares were based on a Monte Carlo simulation in 2019 and on the share price on the grant date in 2018 and 2017. The weighted average grant date fair value of restricted stock units granted in 2018 and 2017 was $168.86 and $142.14, respectively. The weighted average grant date fair value of performance shares granted in 2018 and 2017 was $179.40 and $132.94, respectively.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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