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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020:

 

 

 

 

 

 

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, 2020

 

875,492

 

 

$

41.34

 

 

 

127,500

 

 

$

43.04

 

Granted

 

339,196

 

 

$

52.07

 

 

 

132,288

 

 

$

51.07

 

Vested

 

(311,077

)

 

$

43.19

 

 

 

(114,000

)

 

$

49.20

 

Forfeited

 

(111,128

)

 

$

43.92

 

 

 

(16,310

)

 

$

44.45

 

Non-vested at December 31, 2020

 

792,483

 

 

$

46.01

 

 

 

129,478

 

 

$

45.64

 

Schedule of Restricted Stock Granted

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

 

Time-based restricted stock grants

2020

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees

 

312,855

 

 

 

355,579

 

 

 

463,818

 

Outside directors

 

26,341

 

 

 

32,262

 

 

 

37,125

 

Total

 

339,196

 

 

 

387,841

 

 

 

500,943

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

$

52.07

 

 

$

38.02

 

 

$

47.34

 

 

 

 

 

 

 

 

 

 

 

 

 

Vesting period

1-5 years

 

 

1-5 years

 

 

1-5 years