Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Nonvested Restricted Stock Activity

A summary of the activity of the Company's non-vested restricted stock collectively under the 2010 Plan and 2017 Plan for the three months ended March 31, 2020 and 2019, respectively, is presented below:



	2020				2019
	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	837,123		$	6.18	507,536		$	5.91
Granted	1,054,254		6.33		536,242		6.30
Vested	(287,611	)	6.22		(171,747	)	5.88
Non-vested shares as of March 31	1,603,766		$	6.27	872,031		$	6.16
Restricted stock granted during the period	1,054,254		$	6.33	536,242		$	6.30

⁽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.

Schedule of PSU Award Activity

A summary of the activity of the target PSU awards under the 2017 Plan for the three months ended March 31, 2020 and 2019, respectively, is presented below:



	2020			2019
	Number of Non-vested Target Shares	Weighted Average Per Share Grant Date Fair Value ⁽¹⁾		Number of Non-vested Target Shares	Weighted Average Per Share Grant Date Fair Value ⁽¹⁾
Non-vested target PSUs at January 1	2,018,518	$	4.09	842,792	$	4.20
Granted	883,496	7.03		1,137,525	4.00
Vested	—	—		—	—
Non-vested target PSUs as of March 31	2,902,014	$	4.98	1,980,317	$	4.08


⁽¹⁾	The grant date fair value of the PSUs was determined through a Monte-Carlo simulation of the Company’s common stock total shareholder return and the common stock total shareholder return of its identified performance peer companies to determine the Relative TSR of the Company’s common stock over a future period of three years.

Schedule of RSU Award Activity

A summary of the activity of the RSU awards under the 2017 Plan for the three months ended March 31, 2020 is presented below:



	2020
	Number of Non-vested Shares	Weighted Average Per Share Grant Date Fair Value ⁽¹⁾
Non-vested RSUs at January 1	—	$	—
Granted	441,746	6.23
Vested	—	—
Non-vested RSUs as of March 31	441,746	$	6.23

⁽¹⁾

The grant date fair value of RSUs is based on the closing market price of the Company’s common stock at the grant date.