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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Summary of Compensation Expense | The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:
|  | Three months ended |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |  |  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Service-based RSUs |  | $ | 580 |  |  | $ | 618 |  |  | $ | 1,939 |  |  | $ | 1,712 |
Performance-based RSUs |  |  | 472 |  |  |  | 486 |  |  |  | 123 |  |  |  | 2,072 |
Cash-settled RSUs |  |  | 67 |  |  |  | 53 |  |  |  | 102 |  |  |  | 166 |
Total |  | $ | 1,119 |  |  | $ | 1,157 |  |  | $ | 2,164 |  |  | $ | 3,950 |
Income tax benefit |  |  | 257 |  |  |  | 262 |  |  |  | 497 |  |  |  | 893 |
Net expense |  | $ | 862 |  |  | $ | 895 |  |  | $ | 1,667 |  |  | $ | 3,057 |
Summary of Unrecognized Compensation Expense related to Non-Vested RSUs | The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:
|  | Unrecognized |  |  |  |  |
|  | Compensation |  |  | Weighted- |
|  | Expense at |  |  | Average |
|  | September 30, 2020 |  |  | Period |
Service-based RSUs |  | $ | 1,989 |  |  |  | 1.43 |
Performance-based RSUs |  |  | 2,311 |  |  |  | 1.90 |
Total |  | $ | 4,300 |  |  |  | 1.68 |
Summary of Status of Plans | The following table summarizes the status of these plans as of September 30, 2020:
|  | 2018 Plan |  |  | 2014 Plan |  |  | 2009 Plan |  |  | 2004 Plan |  |  | Directors' Plan |
Awards originally available |  |  | 2,500,000 |  |  |  | 1,500,000 |  |  |  | 3,400,000 |  |  |  | 6,500,000 |  |  | N/A |
Performance-based options outstanding |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Maximum potential RSU and cash settled awards outstanding |  |  | 495,246 |  |  |  | 179,528 |  |  |  | 75,200 |  |  |  | 35,952 |  |  |  | 5,522 |
Maximum potential awards outstanding |  |  | 495,246 |  |  |  | 179,528 |  |  |  | 75,200 |  |  |  | 35,952 |  |  |  | 5,522 |
RSUs and cash settled awards vested and released |  |  | 36,471 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awards available for grant |  |  | 1,968,283 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Summary of Service-Based Restricted Stock Units | The following table summarizes the service-based RSU activity for the nine months ended September 30, 2020:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2019 |  |  | 364,396 |  |  | $ | 19.87 |
Granted |  |  | 92,996 |  |  |  | 27.73 |
Vested and released |  |  | (91,762 | ) |  |  | 22.76 |
Forfeited |  |  | (13,997 | ) |  |  | 28.70 |
Outstanding at September 30, 2020 |  |  | 351,633 |  |  | $ | 20.84 |
Releasable at September 30, 2020 |  |  | 185,974 |  |  | $ | 14.63 |
Summary of Performance and Market Based RSUs | The following table summarizes the performance and market-based RSU activity for the nine months ended September 30, 2020:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2019 |  |  | 217,229 |  |  | $ | 27.73 |
Granted |  |  | 126,521 |  |  |  | 28.37 |
Attained by performance |  |  | 38,820 |  |  |  | 23.84 |
Released |  |  | (111,838 | ) |  |  | 23.74 |
Forfeited |  |  | (40,673 | ) |  |  | 29.34 |
Outstanding at September 30, 2020 |  |  | 230,059 |  |  | $ | 28.94 |
Releasable at September 30, 2020 |  |  | — |  |  | $ | — |
The following table summarizes each grant of performance awards outstanding at September 30, 2020.
Description |  | Grant Date |  | Vesting Year |  | Vesting Dependency |  | Target Units Outstanding |  |  | Maximum Number of Units to be Granted |
2018 - 2020 Performance RSUs |  | February 8, 2018 |  | 2020 |  | 35% RTSR, 35% sales growth, 30% operating cash flow |  |  | 22,082 |  |  |  | 44,164 |
2018 - 2020 Performance RSUs |  | February 16, 2018 |  | 2020 |  | 35% RTSR, 35% sales growth, 30% operating cash flow |  |  | 31,820 |  |  |  | 63,640 |
2019 - 2021 Performance RSUs |  | February 7, 2019 |  | 2021 |  | 35% RTSR, 35% sales growth, 30% operating cash flow |  |  | 50,456 |  |  |  | 100,912 |
2019 Supplemental Performance RSUs |  | February 7, 2019 |  | 2021 |  | Succession Planning Targets |  |  | 6,945 |  |  |  | 13,890 |
2020 - 2022 QTI Performance RSUs |  | September 24, 2019 |  | 2022 |  | 50% EBITDA growth, 50% Sales growth |  |  | 1,750 |  |  |  | 3,500 |
2020 - 2022 Performance RSUs |  | February 6, 2020 |  | 2022 |  | 25% RTSR, 40% sales growth, 35% operating cash flow |  |  | 63,006 |  |  |  | 126,012 |
Focus 2025 Performance RSUs |  | April 23, 2020 |  | 2024 |  | Cumulative revenues of $750 million over a trailing four-quarter period |  |  | 54,000 |  |  |  | 54,000 |
Total |  |  |  |  |  |  |  |  | 230,059 |  |  |  | 406,118 |

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