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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2018
Share-Based Compensation [Abstract]  
Schedule of the Allocation of Performance Shares Between Total Shareholder Return and Earnings per Share

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

 

Total shareholder return

 

55

%

55

%

55

%

Earnings per share

 

45

%

45

%

45

%

 

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

A summary of the status of the Company’s non-vested share units as of December 31, 2018 and the changes during the year then ended, are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance-based

 

 

 

 

 

Time-based awards

 

 

 

 

awards

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

Common

 

average grant

 

Common

 

average grant

 

    

Shares

    

date fair value

    

Shares

    

date fair value

Non-vested as of December 31, 2017

 

443,152

 

$

15.01

 

744,188

 

$

14.92

Granted

 

176,116

 

$

24.69

 

215,490

 

$

29.41

Vested

 

(182,451)

 

$

13.21

 

(284,462)

 

$

11.19

Forfeited or cancelled

 

(16,821)

 

$

19.99

 

(46,996)

 

$

17.13

Non-vested as of December 31, 2018

 

419,996

 

$

19.64

 

628,220

 

$

21.41

 

A summary of the status of the Company’s non-vested share units as of December 31, 2017 and the changes during the year then ended, are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time-based awards

Weighted-

 

 

 

Performance-based
awards
Weighted-

 

 

Common

 

average grant

 

Common

 

average grant

 

    

Shares

    

date fair value

    

Shares

    

date fair value

Non-vested as of December 31, 2016

 

612,037

 

$

12.32

 

825,140

 

$

12.14

Granted

 

177,664

 

$

18.73

 

217,495

 

$

21.54

Vested

 

(310,207)

 

$

12.05

 

(165,783)

 

$

11.72

Forfeited or cancelled

 

(36,342)

 

$

13.23

 

(132,664)

 

$

12.52

Non-vested as of December 31, 2017

 

443,152

 

$

15.01

 

744,188

 

$

14.92