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Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2017
Restricted Stock Award Activity
The following table summarizes the restricted stock award activity, annually, for the years ended December 31, 2015, 2016 and 2017:
 
 
 
Restricted and Performance Based
Stock Awards (RSA)
 
 
Number of
Shares
   
Weighted
Average
Fair
Value
 
 
           
Outstanding, January 1, 2015
   
568,057
    $
6.54
 
Awarded
   
734,823
     
6.81
 
Released
   
(227,616
)
   
6.60
 
Forfeited
   
(663,855
)
   
6.77
 
Outstanding, December 31, 2015
   
411,409
     
6.61
 
Awarded
   
648,351
     
7.00
 
Released
   
(255,307
)
   
6.68
 
Forfeited
   
(608,000
)
   
6.88
 
Outstanding, December 31, 2016
   
196,453
     
7.01
 
Awarded
   
981,208
     
5.15
 
Released
   
(187,224
)
   
7.05
 
Forfeited
   
(9,229
)
   
6.32
 
Outstanding, December 31, 2017
   
981,208
     
5.15
 

Summary of RSU Award Activity
The following table summarizes the RSU award activity, annually for the year ended December 31, 2017:
 
 
 
Restricted and Performance Based
Stock Units (RSUs)
 
Number of
Shares
 
Weighted
Average
Fair
Value
 
 
 
 
 
 
 
Outstanding, December 31, 2016
 
 
-
 
 
$
-
 
Awarded
 
 
1,001,206
   
5.15
 
Released
 
 
-
     
-
 
Forfeited
 
 
(42,014
)
   
5.15
 
Outstanding, December 31, 2017
 
 
959,192
     
5.15
 
 
Total Share-Based Compensation Expense and Related Tax Benefits Recognized
The following table summarizes the total share-based compensation expense and related tax benefits recognized (in thousands):
 
 
 
Year Ended December 31,
 
 
 
2015
 
2016
 
2017
 
 
 
 
 
 
 
 
 
 
Restricted stock compensation expense
 
$
1,562
 
 
$
1,621
 
 
$
3,112