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Stock-based Compensation | 9 Months Ended
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Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-based Compensation |
6. | STOCK-BASED COMPENSATION
On September 30, 2019, the Company had stock options, stock awards and stock appreciation rights (SARs) outstanding under its 2011 Incentive Compensation Plan. SARs granted prior to 2015 are cash-settled, and SARs granted after 2014 are stock-settled. Stock options and SARs granted prior to 2017 generally cliff vested after two years. Starting in 2017, stock options and SARs have a three-year graded vesting feature, with one-third of the awards vesting each year. The Company has elected the straight-line method of expense attribution for the stock options and SARs with the graded vesting feature. Compensation expense recorded for all stock options, stock awards and SARs was as follows:
(In thousands) |
Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
$ | 2,273 |  |  | $ | 3,335 |  |  | $ | 7,045 |  |  | $ | 6,722 |
The quarter-over-quarter decrease in stock-based compensation expense was primarily attributable to cash-settled SARs. The cash-settled SARs compensation expense during the third quarter of 2019 was less than a year ago reflecting a smaller increase in the market value of Company stock during the third quarter of 2019 versus the increase during the third quarter of 2018. Unrecognized compensation costs for stock options, stock awards and SARs were as follows:
(In thousands) |  | September 30, 2019 |  |  | December 31, 2018 |
Stock options |  | $ | 2,270 |  |  | $ | 1,655 |
Stock awards |  |  | 4,114 |  |  |  | 3,180 |
SARs |  |  | 4,964 |  |  |  | 3,566 |
The increases in unrecognized compensation costs for stock options, stock awards and SARs reflected the 2019 grants of:
|  | Shares |
Stock options |  |  | 72,965 |
Stock awards (at target) |  |  | 45,327 |
SARs |  |  | 162,624 |
The unrecognized compensation costs at September 30, 2019, are expected to be recognized over weighted-average periods of 1.9 years, 1.8 years and 1.9 years for stock options, stock awards and SARs, 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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