Stock-Based Compensation (Notes)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock-based compensation awards granted by our Board of Directors for the three and six months ended June 30, 2020 and 2019 were as follows:


	For the Three Months Ended June 30,			For the Six Months Ended June 30,
	2020	2019	2020	2019
Award type:
Stock options	2,000	50,000	300,000	207,000
Deferred share units	12,091	6,665	24,643	6,945
Restricted stock units	2,602	51,714	311,991	233,619

In the three months ended June 30, 2020 and 2019, we recognized $0.7 million, and $0.6 million, respectively, in stock-based compensation expense. A majority of the expense, $0.6 million and $0.5 million respectively, was recorded as selling and administrative expense in the Consolidated Statement of Operations, with the remaining expenses incurred as cost of sales.

In the six months ended June 30, 2020 and 2019, we recognized $1.1 million and $0.9 million, respectively, in stock-based compensation expense. A majority of the expense, $1.0 million and $0.7 million respectively, was recorded as selling and administrative expense in the Consolidated Statement of Operations, with the remaining expenses incurred as cost of sales.

As of June 30, 2020, unrecognized compensation cost related to non-vested stock options, deferred share units and restricted stock units was $9.0 million, which will be recognized over the remaining weighted average life of 3.8 years.

Stock Option, Deferred Share Unit and Restricted Stock Unit awards activity under the Omnibus Equity Incentive Plan for the six months ended June 30, 2020 was as follows:

Stock options


	Number of Shares	Weighted- Average Exercise Price
Outstanding unvested as of December 31, 2019	931,658	15.06
Granted	300,000	9.01
Vested	(172,762)	14.83
Forfeited	(141,960)	14.87
Outstanding unvested as of June 30, 2020	916,936	13.15

Deferred Share Unit and Restricted Stock Unit awards


	Number of Shares	Weighted- Average Grant Date Fair Value
Outstanding unvested as of December 31, 2019	282,716	12.83
Granted	336,634	8.98
Vested	(67,118)	11.17
Forfeited	(43,733)	12.27
Outstanding unvested as of June 30, 2020	508,499	10.55