STOCK-BASED COMPENSATION |
9 Months Ended | ||||||
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Sep. 30, 2019 | |||||||
| Share-based Payment Arrangement [Abstract] | |||||||
| STOCK-BASED COMPENSATION |
The Company recorded expense of $3.8 million and $3.5 million for the third quarter ended September 29, 2019 and September 30, 2018, respectively, for its stock-based compensation plans in the condensed consolidated statements of income. For the first nine months of 2019 and 2018, the Company recorded $12.0 million and $10.9 million in stock-based compensation expense, respectively.
The Board approved various share grants under the Company’s 2009 Omnibus Incentive Plan in the first nine months of 2019 totaling 376,186 shares in the aggregate.
As of September 29, 2019, there was approximately $23.8 million of total unrecognized compensation cost related to stock-based compensation arrangements granted under incentive plans. That cost is expected to be recognized over a weighted-average period of 18.0 months.
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