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Equity-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2019
Share Based Compensation [Abstract] |
Share-based Compensation Activity | Share-based compensation activity during the six months ended June 30, 2019 included the following:
(Shares in thousands) |  | Granted |  |  | Vested |  |  | Forfeited |
Performance Share Awards (PSAs) |  |  | 142 |  |  |  | — |  |  |  | 5 |
Restricted Stock Units (RSUs) |  |  | 74 |  |  |  | 17 |  |  |  | 2 |
Details of Equity-Based Compensation Expense and Related Income Tax Benefit | The following table details equity-based compensation expense and the related income tax benefit.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Equity-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance share awards |  | $ | 1,187 |  |  | $ | 1,074 |  |  | $ | 2,231 |  |  | $ | 2,010 |
Restricted stock units |  |  | 629 |  |  |  | 454 |  |  |  | 1,187 |  |  |  | 934 |
Deferred compensation stock equivalent units expense |  |  | 15 |  |  |  | 53 |  |  |  | 31 |  |  |  | 181 |
Accelerated share-based termination benefits in connection with the merger |  |  | — |  |  |  | 86 |  |  |  | — |  |  |  | 1,764 |
Total equity-based compensation expense |  | $ | 1,831 |  |  | $ | 1,667 |  |  | $ | 3,449 |  |  | $ | 4,889 |
Total tax benefit recognized for equity-based expense |  | $ | 83 |  |  | $ | 73 |  |  | $ | 155 |  |  | $ | 184 |
Fair Value of Performance Share Awards | The following table presents the key inputs used in the Monte Carlo simulation to calculate the fair value of the performance share awards in 2019:
Stock price as of valuation date |  | $ | 35.01 |
Risk-free rate |  |  | 2.47 | %
Expected volatility |  |  | 25.15 | %
Expected dividend yield (assuming full reinvestment) |  |  | — |
Expected term (years) |  |  | 3.00 |

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- Definition Tabular disclosure for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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