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Stock-based Compensation | 6 Months Ended
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Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-based Compensation |
5. | STOCK-BASED COMPENSATION
On June 30, 2020, 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 in 2015 and later 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 June 30 |  |  | Six Months Ended June 30 |
2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
$ | 2,989 |  |  | $ | 2,176 |  |  | $ | 4,191 |  |  | $ | 4,772 |
The increase in stock-based compensation expense for the second quarter of 2020 compared to the second quarter of 2019 was primarily attributable to cash-settled SARs. The increase in cash-settled SARs compensation expense reflects a larger increase in the market value of Company stock during the second quarter of 2020 versus the increase in the market value of Company stock during the second quarter of 2019. Unrecognized compensation costs for stock options, stock awards and SARs were as follows:
(In thousands) |  | June 30, 2020 |  |  | December 31, 2019 |
Stock options |  | $ | 2,891 |  |  | $ | 1,850 |
Stock awards |  |  | 5,794 |  |  |  | 3,618 |
SARs |  |  | 6,290 |  |  |  | 4,058 |
The increases in unrecognized compensation costs for stock options, stock awards and SARs reflected the 2020 grants of:
|  | Shares |
Stock options |  |  | 81,734 |
Stock awards (at target) |  |  | 43,518 |
SARs |  |  | 175,760 |
The unrecognized compensation costs at June 30, 2020, are expected to be recognized over a weighted-average period of 2.0 years for stock options, stock awards and SARs.

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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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