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Stock Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Stock Awards
A summary of our restricted stock awards from January 1, 2015 to June 30, 2015 is as follows:
 
Number of
Shares
 
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2015
514,419

 
$
10.82

Granted
216,159

 
14.48

Forfeited
(183
)
 
9.08

Vested
(255,828
)
 
10.39

Unvested balance at June 30, 2015
474,567

 
$
12.72

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair values of the PSU awards are determined using a Monte Carlo simulation performed by a third-party valuation firm. The determination of the grant-date fair value of the awards granted during the six months ended June 30, 2015 included the following assumptions:
Award Grant Date
 
Volatility
 
Risk-Free Rate
 
Fair Value at Grant Date
February 27, 2015
 
22.9
%
 
1.01
%
 
$
12.13

Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2015 to June 30, 2015 is as follows:
 
Number of
Target Units
 
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2015
436,170

 
$
10.95

Granted
218,467

 
12.13

Additional units from dividends
8,847

 
14.34

Unvested balance at June 30, 2015
663,484

 
$
11.39