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Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of non-vested PSUs
A summary of the status and activity of non-vested PSUs is presented in the following table:
For the Years Ended December 31,
202020192018
PSUs (1)
Weighted-Average Grant-Date Fair Value
PSUs (1)
Weighted-Average Grant-Date Fair Value
PSUs (1)
Weighted-Average Grant-Date Fair Value
Non-vested at beginning of year2,022,585 $16.87 1,711,259 $20.68 1,533,491 $22.97 
Granted$— 793,125 $12.80 572,924 $24.45 
Vested(792,572)$15.85 (346,021)$26.32 (233,102)$44.25 
Forfeited(399,549)$17.56 (135,778)$16.98 (162,054)$21.79 
Non-vested at end of year830,464 $17.52 2,022,585 $16.87 1,711,259 $20.68 
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(1)The number of shares of common stock assumes a multiplier of one. The actual final number of shares of common stock to be issued will range from zero to two times the number of PSUs awarded depending on the three-year performance multiplier.
Schedule of non-vested RSUs
A summary of the status and activity of non-vested RSUs granted to employees is presented in the following table:
For the Years Ended December 31,
202020192018
RSUsWeighted-
Average
Grant-Date
Fair Value
RSUsWeighted-
Average
Grant-Date
Fair Value
RSUsWeighted-
Average
Grant-Date
Fair Value
Non-vested at beginning of year
1,532,131 $16.01 1,243,163 $21.50 1,244,262 $20.25 
Granted1,458,869 $5.98 978,932 $12.36 583,552 $25.77 
Vested(746,132)$16.74 (466,535)$21.94 (407,529)$24.30 
Forfeited(147,008)$15.34 (223,429)$18.16 (177,122)$17.26 
Non-vested at end of year
2,097,860 $8.83 1,532,131 $16.01 1,243,163 $21.50 
Schedule of shares settled, restricted stock units
A summary of the shares of common stock issued to settle employee RSUs is presented in the table below:
For the Years Ended December 31,
202020192018
Shares of common stock issued to settle RSUs (1)
746,132 466,535 407,529 
Less: shares of common stock withheld for income and payroll taxes(209,173)(132,136)(115,784)
Net shares of common stock issued536,959 334,399 291,745 
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(1)    During the years ended December 31, 2020, 2019, and 2018, the Company issued shares of common stock to settle RSUs that related to awards granted in previous years. The Company and a majority of grant recipients mutually agreed to net share settle a portion of the awards to cover income and payroll tax withholdings in accordance with the Company’s Equity Plan and individual award agreements.
Schedule of employee stock purchase plan
The fair value of ESPP shares issued during the periods reported were estimated using the following weighted-average assumptions:
For the Years Ended December 31,
202020192018
Risk free interest rate0.8 %2.3 %1.8 %
Dividend yield0.7 %0.7 %0.4 %
Volatility factor of the expected market price of the Company’s common stock166.2 %56.6 %55.9 %
Expected life (in years)0.50.50.5