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Stock Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2017
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Activity
A summary of the activity of the Company's non-vested restricted stock for the nine months ended September 30, 2017 and 2016, respectively, is presented below:
 
2017
 
2016
 
Number of
Non-vested
Restricted
Shares
 
Weighted
Average Per Share
Grant Date
Fair Value (1)
 
Number of
Non-vested
Restricted
Shares
 
Weighted
Average Per Share
Grant Date
Fair Value (1)
Non-vested shares at January 1
319,058

 
$
6.40

 
280,457

 
$
7.63

Granted
332,921

 
6.54

 
160,453

 
5.11

Vested
(229,051
)
 
6.67

 
(121,852
)
 
7.54

Non-vested shares as of September 30
422,928

 
6.36

 
319,058

 
6.40

Weighted-average fair value of restricted stock granted during the period
332,921

 
$
6.54

 
160,453

 
$
5.11


(1) 
The grant date fair value of restricted stock awards is based on the closing market price of the Company’s common stock at the grant date.