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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Stock Activity
A summary of our restricted stock activity is as follows (shares in thousands):
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
Restricted Shares
 
Weighted Average
Price at Grant
 
Restricted Shares
 
Weighted Average
Price at Grant
 
Restricted Shares
 
Weighted Average
Price at Grant
Outstanding at beginning of year
140

 
$
16.01

 
94

 
$
18.11

 
84

 
$
21.35

Restricted shares granted
309

 
12.34

 
45

 
16.50

 
64

 
15.45

Restricted shares issued in connection with Ashford Trust’s distribution

 

 
60

 
14.90

 

 

Restricted shares vested
(84
)
 
15.98

 
(57
)
 
18.66

 
(53
)
 
19.91

Restricted shares forfeited
(5
)
 
13.82

 
(2
)
 
17.50

 
(1
)
 
21.35

Outstanding at end of year
360

 
$
12.90

 
140

 
$
16.01

 
94

 
$
18.11

Summary of PSUs Activity
A summary of our PSU activity is as follows (shares in thousands):
 
Year Ended December 31,
 
2016
 
2015
 
PSUs
 
Weighted Average Price at Grant
 
PSUs
 
Weighted Average Price at Grant
Outstanding at beginning of year
155

 
$
18.40

 

 
$

PSUs granted
262

 
12.67

 
155

 
18.40

PSUs vested

 

 

 

PSUs forfeited

 

 

 

Outstanding at end of year
417

 
$
14.80

 
155

 
$
18.40