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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Non-Vested Restricted Stock Activity

The following table summarizes the non-vested restricted stock activity for the year ended December 31, 2018:

 

 

 

 

 

 

Time-Based

 

 

 

 

 

 

Performance-Based

 

 

 

 

 

 

Restricted Stock

 

 

 

 

 

 

Restricted Stock

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

Time-Based

 

 

Average

 

 

Performance-Based

 

 

Average

 

 

Restricted Stock

 

 

Grant Date

 

 

Restricted Stock

 

 

Grant Date

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested January 1, 2018

 

875,326

 

 

$

38.88

 

 

 

-

 

 

$

-

 

Granted

 

500,943

 

 

$

47.34

 

 

 

89,143

 

 

$

49.20

 

Vested

 

(272,877)

 

 

$

38.42

 

 

 

-

 

 

$

-

 

Forfeited

 

(139,923)

 

 

$

41.91

 

 

 

(16,143)

 

 

$

49.20

 

Non-vested at December 31, 2018

 

963,469

 

 

$

42.98

 

 

 

73,000

 

 

$

49.20

 

Schedule of Restricted Stock Granted

The following table summarizes the restricted stock granted during the respective years:

 

Time-based restricted stock grants

2018

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees

 

463,818

 

 

 

396,708

 

 

 

394,243

 

Outside directors

 

37,125

 

 

 

31,625

 

 

 

26,125

 

Total

 

500,943

 

 

 

428,333

 

 

 

420,368

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

$

47.34

 

 

$

43.31

 

 

$

33.46

 

 

 

 

 

 

 

 

 

 

 

 

 

Vesting period

1-5 years

 

 

1-5 years

 

 

3-5 years