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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Share-Based Compensation Plans [Abstract]  
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, 2015 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, 2014

 

1,087,020 

$

8.69 

 

841,050 

$

10.33 

Granted

 

278,451 

$

11.41 

 

335,835 

$

11.21 

Vested

 

(615,322)

$

8.96 

 

(126,642)

$

10.74 

Forfeited

 

(18,908)

$

10.78 

 

(337,758)

$

10.26 

Non-vested as of December 31, 2015

 

731,241 

$

9.45 

 

712,485 

$

10.70