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Stock Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Nonvested Share Activity | A summary of the activity of the Company's non-vested restricted stock under the 2017 Plan for the three months ended March 31, 2023 and 2022, respectively, is presented below:
| 2023 |  | 2022
| 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 as of January 1 | 526,074 |  |  | $ | 16.34 |  |  | 477,276 |  |  | $ | 20.20 |
Granted | 275,248 |  |  | 12.36 |  |  | 304,417 |  |  | 14.36 |
Vested | (244,015) |  |  | 18.18 |  |  | (221,239) |  |  | 21.97 |
Forfeited | (6,771) |  |  | 13.04 |  |  | (5,370) |  |  | 16.75 |
Non-vested shares as of March 31 | 550,536 |  |  | $ | 13.57 |  |  | 555,084 |  |  | $ | 16.31 |
Restricted stock granted during the period | 275,248 |  |  | $ | 12.36 |  |  | 304,417 |  |  | $ | 14.36 |
(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, 2023 and 2022, respectively, is presented below:
| 2023 |  | 2022
| 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 as of January 1 | 786,577 |  |  | $ | 23.06 |  |  | 844,185 |  |  | $ | 21.70 |
Granted | — |  |  | — |  |  | 211,133 |  |  | 19.47 |
Vested | (201,978) |  |  | 28.18 |  |  | (268,729) |  |  | 16.00 |
Non-vested target PSUs as of March 31 | 584,599 |  |  | $ | 21.29 |  |  | 786,589 |  |  | $ | 23.05 |
(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 total shareholder return 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, 2023 and 2022, respectively, is presented below:
|  | 2023 |  | 2022 |  |
|  | Number of Non-vested Shares |  | Weighted Average Per Share Grant Date Fair Value (1) |  | Number of Non-vested Shares |  | Weighted Average Per Share Grant Date Fair Value (1) |  |  |  |
Non-vested RSUs as of January 1 |  | 263,708 |  |  | $ | 16.11 |  |  | 254,052 |  |  | $ | 17.45 |  |  |  |  |
Granted |  | — |  |  | — |  |  | 105,566 |  |  | 14.88 |  |  |  |  |
Vested |  | (131,094) |  |  | 17.40 |  |  | (95,910) |  |  | 18.32 |  |  |  |  |
Forfeited |  | (13,550) |  |  | 14.76 |  |  | — |  |  | — |  |  |  |  |
Non-vested RSUs as of March 31 |  | 119,064 |  |  | $ | 14.83 |  |  | 263,708 |  |  | $ | 16.10 |  |  |  |  |
(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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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + 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)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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