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Stock Incentive Plans and Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity: 

 

 

 

Stock Options

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

 

Shares

 

 

Exercise Price

 

Outstanding at January 1, 2019

 

 

3,424,755

 

 

$

11.49

 

Granted

 

 

—

 

 

$

—

 

Exercised

 

 

(2,500

)

 

$

7.34

 

Cancelled

 

 

(21,875

)

 

$

11.41

 

Outstanding at March 31, 2019

 

 

3,400,380

 

 

$

11.50

 

Exercisable at March 31, 2019

 

 

2,533,382

 

 

$

11.32

 
Summary of RSU and PSU Activity

The following table summarizes the Company’s RSU and PSU activity:

 

 

 

RSUs

 

 

PSUs

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average Grant

 

 

 

 

 

 

Average Grant

 

 

 

Shares

 

 

Date Fair Value

 

 

Shares(1)

 

 

Date Fair Value

 

Outstanding at January 1, 2019

 

 

232,299

 

 

$

29.10

 

 

 

171,748

 

 

$

28.41

 

Granted

 

 

414,951

 

 

$

14.13

 

 

 

204,580

 

 

$

14.13

 

Vested

 

 

(68,874

)

 

$

28.72

 

 

 

—

 

 

$

—

 

Cancelled

 

 

(6,863

)

 

$

28.56

 

 

 

—

 

 

$

—

 

Outstanding at March 31, 2019

 

 

571,513

 

 

$

18.28

 

 

 

376,328

 

 

$

20.65

 

__________________

(1)

The number of shares for 62,791 of the PSUs listed as outstanding at January 1, 2019 represents the actual number of PSUs granted to each recipient eligible to vest if the Company meets its performance goals for the applicable period. The number of shares for the remainder of the PSUs listed as outstanding at January 1, 2019 and for all of the PSUs granted in 2019 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs will be eligible to vest at “maximum” performance levels.