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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Share-Based Compensation Plans [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

A summary of option activity under the plans noted above as of December 31, 2014, and changes during the year ended are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

average

 

 

Share

 

exercise

 

 

options

 

price

Outstanding as of December 31, 2013

 

20,000 

$

15.73 

Expired

 

(20,000)

$

15.73 

Exercised

 

 -

$

 -

Outstanding and exercisable as of December 31, 2014

 

 -

$

 -

 

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

A summary of the status of the Company’s non-vested restricted Common Shares and right to receive Common Shares as of December 31, 2014 and the changes during the year then ended, are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

Time-based awards

 

Performance-based awards

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

Common

 

average grant-

 

Common

 

average grant-

 

 

Shares

 

date fair value

 

Shares

 

date fair value

Non-vested as of December 31, 2013

 

1,126,870 

$

8.83 

 

663,750 

$

11.45 

Granted

 

354,770 

$

11.54 

 

374,400 

$

11.71 

Vested

 

(310,365)

$

12.57 

 

(25,645)

$

15.79 

Forfeited

 

(84,255)

$

8.24 

 

(171,455)

$

16.88 

Non-vested as of December 31, 2014

 

1,087,020 

$

8.69 

 

841,050 

$

10.33