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Stock-Based Compensation | 12 Months Ended
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Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-Based Compensation | Stock-Based Compensation The following table sets forth information about the Company's restricted stock awards (excluding restricted stock units):
(share amounts in thousands, except value per share) | Number of Shares |  | Weighted Average Grant Date Fair Value
Outstanding on January 1, 2016 | 3,454 |  |  | $ | 28.80 |
Granted | 3,141 |  |  | 14.56 |
Vested | (1,242 | ) |  | 26.79 |
Cancelled/forfeited | (745 | ) |  | 24.75 |
Outstanding on December 31, 2016 | 4,608 |  |  | 20.29 |
Granted | 2,569 |  |  | 14.65 |
Vested | (1,276 | ) |  | 22.20 |
Cancelled/forfeited | (1,131 | ) |  | 18.95 |
Outstanding on December 31, 2017 | 4,770 |  |  | 17.13 |
Granted | 3,880 |  |  | 9.39 |
Vested | (1,579 | ) |  | 19.12 |
Cancelled/forfeited | (1,315 | ) |  | 13.19 |
Outstanding on December 31, 2018 | 5,756 |  |  | 11.78 |
As of December 31, 2018, there was $41.3 million of total unrecognized compensation cost related to outstanding, unvested share-based compensation awards. That cost is expected to be recognized over a weighted-average period of 2.6 years and is based on grant date fair value. During 2018, grants of restricted shares under the Company's 2014 Omnibus Incentive Plan were as follows:
(share amounts in thousands, except value per share) | Shares Granted |  | Value Per Share |  | Total Value
Three months ended March 31, 2018 | 3,387 |  |  | $ | 9.10 |  |  | $ | 30,823 |
Three months ended June 30, 2018 | 169 |  |  | $ | 7.19 |  |  | $ | 1,214 |
Three months ended September 30, 2018 | 263 |  |  | $ | 8.99 |  |  | $ | 2,361 |
Three months ended December 31, 2018 | 61 |  |  | $ | 9.25 |  |  | $ | 569 |
The Company has an employee stock purchase plan for all eligible employees. Under the plan, eligible employees of the Company can purchase shares of the Company's common stock on a quarterly basis at a discounted price through accumulated payroll deductions. Each eligible employee may elect to deduct up to 15% of his or her base pay, not to exceed 200 shares, each quarter. Subject to certain limitations specified in the plan, on the last trading date of each calendar quarter, the amount deducted from each participant's pay over the course of the quarter will be used to purchase whole shares of the Company's common stock at a purchase price equal to 90% of the closing market price on the New York Stock Exchange on that date. The Company reserved 1,800,000 shares of common stock for issuance under the plan. The impact on the Company's consolidated financial statements is not material.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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