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Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 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 nine months ended September 30, 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						(205,080)						5.85
Forfeited			—						—						(1,575)						6.35
Non-vested shares as of September 30			1,603,766						$	6.27					837,123						$	6.18
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 nine months ended September 30, 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						1,175,726						4.01
Vested			—						—						—						—
Non-vested target PSUs as of September 30, 2020			2,902,014						$	4.98					2,018,518						$	4.09

(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 nine months ended September 30, 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 September 30, 2020			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.

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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