XML 43 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share Based Compensation Restricted Stock Activity
A summary of our restricted stock awards from January 1, 2016 to December 31, 2018 is as follows:
 
Number of
Shares
 
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2016
474,567

 
$
12.72

Granted
461,281

 
8.94

Forfeited
(126,610
)
 
10.08

Vested
(241,698
)
 
11.83

Unvested balance at December 31, 2016
567,540

 
10.62

Granted
324,502

 
11.19

Forfeited
(16,669
)
 
10.80

Vested
(244,411
)
 
11.29

Unvested balance at December 31, 2017
630,962

 
10.66

Granted
349,091

 
10.19

Forfeited
(51,061
)
 
10.44

Vested
(287,148
)
 
11.02

Unvested balance at December 31, 2018
641,844

 
$
10.25

Performance Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Fair Value Valuation Assumptions
The determination of the grant-date fair values of outstanding awards based on our relative total stockholder return included the following assumptions:
Award Grant Date
 
Volatility
 
Risk-Free Rate
 
Fair Value at Grant Date
February 26, 2016
 
24.3
%
 
0.93
%
 
$
8.42

February 26, 2017
 
26.7
%
 
1.46
%
 
$
10.89

March 2, 2018
 
26.9
%
 
2.40
%
 
$
9.52

April 2, 2018
 
26.9
%
 
2.37
%
 
$
9.00

Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2016 to December 31, 2018 is as follows:
 
Number of
Units
 
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2016
676,359

 
$
11.41

Granted
310,398

 
8.54

Additional units from dividends
38,324

 
9.37

Vested (1)
(242,096
)
 
9.85

Forfeited
(96,301
)
 
10.74

Unvested balance at December 31, 2016
686,684

 
10.65

Granted
266,009

 
11.04

Additional units from dividends
33,478

 
11.17

Vested (2)
(200,374
)
 
12.15

Unvested balance at December 31, 2017
785,797

 
10.42

Granted
293,111

 
9.82

Additional units from dividends
35,197

 
11.24

Vested (3)
(218,514
)
 
11.98

Forfeited
(113,668
)
 
9.86

Unvested balance at December 31, 2018
781,923

 
$
11.19


______________________
(1)
The number of shares of common stock earned for the PSUs vested in 2016 was equal to 89.5% of the PSU Target Award.
(2)
There was no payout of shares of our common stock for PSUs that vested on February 27, 2017, as our total stockholder return fell below the 30th percentile of the total stockholder returns of the peer group over the three-year performance period.
(3)
The number of shares of common stock earned for the PSUs vested in 2018 was equal to 51.75% of the PSU Target Award.