[['', 'As of December 31,', ''], ['', '2019', '2018'], ['Balance at beginning of the year', '32,750,727', '32,938,466'], ['Repurchases', '(420,770)', '(342,100)'], ['Restricted stock unit issuances', '142,449', '154,361'], ['Balance at end of period', '32,472,406', '32,750,727']]


The reduction in Long-term prepaid ground rent is a result of the reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard.
[['', 'As of', ''], ['', 'December 31, 2019', 'December 31, 2018'], ['Long-term prepaid ground rent', '$—', '$607.5'], ['Notes receivable', '1.1', '1.0'], ['Other miscellaneous assets', '405.3', '354.1'], ['Notes receivable and other non-current assets', '$406.4', '$962.6']]


Income tax benefits related to share-based compensation of approximately $1.8 million, $1.3 million and $1.1 million were recorded for the years ended December 31, 2019, 2018 and 2017, respectively. Share-based compensation expense is included in “selling, general and administrative expenses” in the accompanying consolidated statements of operations.
As of December 31, 2019, total unrecognized compensation cost related to non-vested RSAs and PSAs was $10.6 million and will be recognized over a weighted-average period of approximately 1.7 years.
[['', '', 'Year Ended December 31,', ''], ['(In thousands)', '2019', '2018', '2017'], ['Restricted stock', '$ 4,013', '$ 3,249', '$ 1,986'], ['Performance shares', '2,823', '1,870', '780'], ['Total', '$ 6,836', '$ 5,119', '$ 2,766']]


Movements in Class A ordinary share capital
Class A shares as of June 30, 2019 and June 30, 2018 does not include 911,367 and 827,871 shares of restricted stock outstanding, respectively, that are subject to forfeiture or repurchase.
[['', 'Number of Shares', 'Amount'], ['', '', '(U.S. $ in thousands)'], ['Details', '', ''], ['Balance as of June 30, 2017', '91,979,704', '$9,198'], ['Conversion of Class B ordinary shares', '5,861,707', '587'], ['Exercise of share options', '1,902,084', '190'], ['Issuance for settlement of RSUs', '5,253,809', '525'], ['Vesting of share options that were early exercised', '374,496', '37'], ['Balance as of June 30, 2018', '105,371,800', '10,537'], ['Conversion of Class B ordinary shares', '5,219,947', '522'], ['Exercise of share options', '1,496,875', '150'], ['Issuance for settlement of RSUs', '4,674,873', '467'], ['Vesting of share options that were early exercised', '510,071', '51'], ['Balance as of June 30, 2019', '117,273,566', '$11,727']]


Note 8 Property and Equipment, net
The following table details our property and equipment, net.
(1) Upon adoption of ASU 2016-02, $28.3 million of assets that were included in property and equipment, net as of December 31, 2018 are now included in other non-current assets on our Consolidated Balance Sheets as of December 31, 2019. These assets were related to capital leases, primarily for warehouse, office and small manufacturing facilities, IT equipment and automobiles, which are now ROU assets. Refer to Note 4, “Leases,” of the Notes to Consolidated Financial Statements for additional information on our ROU assets.
[['December 31,', '', ''], ['(In millions)', '2019', '2018(1)'], ['Land and improvements', '$ 50.7', '$ 41.2'], ['Buildings', '747.0', '728.6'], ['Machinery and equipment', '2,453.2', '2,325.7'], ['Other property and equipment', '141.3', '135.6'], ['Construction-in-progress', '127.9', '155.1'], ['Property and equipment, gross', '3,520.1', '3,386.2'], ['Accumulated depreciation and amortization', '(2,378.2)', '(2,350.0)'], ['Property and equipment, net', '$ 1,141.9', '$ 1,036.2']]