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Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Restricted and Performance Share-Based Activity

A summary of non-vested restricted share-based activity for the years ended December 31, 2020, 2019, and 2018 follows:

						Unvested Shares						Weighted Average Grant Date Fair Value
Outstanding at December 31, 2017						574,456						$	15.95
Granted/Earned						519,605						16.10
Forfeited/Cancelled						(180,719)						15.09
Vested						(210,318)						16.31
Outstanding at December 31, 2018						703,024						$	16.18
Granted/Earned						801,751						12.70
Forfeited/Cancelled						(272,706)						12.97
Vested						(456,183)						16.20
Outstanding at December 31, 2019						775,886						$	13.78
Granted/Earned						1,387,059						6.87
Forfeited/Cancelled						(162,635)						13.77
Vested						(552,943)						12.78
Outstanding at December 31, 2020						1,447,367						$	9.75

Schedule of Stock Options, Valuation Assumptions

The following table sets forth the assumptions used by the Company to estimate the fair value of stock options and SAR Awards granted during the years ended December 31, 2019 and 2018. No stock options or SAR Awards were granted during the year ended December 31, 2020.

						2019						2018
Expected volatility						60		%				60% - 65%
Risk-free interest rate						2.30% - 2.40%						2.50% - 2.90%
Expected dividends						—						—
Average expected term (years)						4						10
Fair value of stock options granted						$4.83 - $6.41						$8.48 - $9.44

Schedule of Stock Options Activity

A summary of stock option and SAR Award activity for the years ended December 31, 2020, 2019, and 2018 follows:

						Options/SARs						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (years)
Outstanding at December 31, 2017						12,687						$	20.10					1.2
Granted						700,000						12.90						10.0
Exercised						—
Forfeited/Cancelled						(200,000)						12.90						10.0
Outstanding at December 31, 2018						512,687						$	13.03					9.8
Granted						2,256,500						13.00						9.2
Exercised						—
Forfeited/Cancelled						—
Outstanding at December 31, 2019						2,769,187						$	13.02					9.0
Granted						—
Exercised						(4,199)						20.24						5.8
Forfeited/Cancelled						(4,473)						19.00						4.8
Outstanding at December 31, 2020 (1)						2,760,515						$	12.88					8.0

(1) Of the outstanding stock options, 585,119 were exercisable as of December 31, 2020.

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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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