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Shareholders' Equity and Share Based Payment (Tables)
12 Months Ended
Dec. 31, 2019
Shareholders’ Equity and Share Based Payment [Abstract]  
Schedule of Assumption Ranges Used in Calculating the Fair Value of TSR PSUs [Table Text Block]
The following table summarizes the assumption ranges used in calculating the fair value of TSR PSUs during the following periods:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Volatility
24.8% to 32.6%
 
24.8% to 32.6%
 
29.4% to 32.6%
Dividend yield
4.3% to 5.5%
 
4.3% to 4.9%
 
4.3%
Risk-free interest rate
1.4% to 2.6%
 
0.8% to 2.6%
 
0.8% to 1.5%

Schedule of Remaining Target AROE PSUs [Table Text Block]
During 2019, the Company granted a target of 225,044 PSUs of which, 168,784 are TSR PSUs and 56,260 are AROE PSUs. As of December 31, 2019, the remaining target AROE PSUs will be considered granted upon the Compensation Committee’s setting the target AROE for the respective periods:
 
Remaining AROE
Target PSUs
 
2020
 
2021
2018 PSUs
5,652

 

2019 PSUs
40,652

 
54,092


Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
A summary of the fair value of non-vested restricted common shares for the years ended December 31, 2019, 2018 and 2017 is as follows:
Non-vested Shares
Shares
(in thousands)
 
Weighted
Average
Grant Date
Fair Value ($)
Non-vested at December 31, 2016
676.7

 
$
17.84

Granted
315.5

 
22.41

Canceled
(4.2
)
 
20.36

Vested
(469.6
)
 
18.60

Non-vested at December 31, 2017
518.4

 
$
19.92

Granted
291.9

 
21.88

Canceled
(16.8
)
 
21.27

Vested
(306.3
)
 
19.52

Non-vested at December 31, 2018
487.2

 
$
21.30

Granted
303.3

 
19.46

Canceled
(16.7
)
 
21.21

Vested
(344.9
)
 
20.85

Vesting-accelerated(1)
(94.9
)
 
32.01

 
 
 
 
Non-vested at December 31, 2019
334.0

 
$
20.31


_______________
(1) See “Share-based Compensation Related to Proposed Merger” below.
Schedule of Performance Award Ranges The table below shows the PSU awards issued during 2019, including the number of common shares underlying the awards at the time of issuance:
 
Minimum
 
Target
 
Maximum
TSR PSUs

 
168,784

 
337,568

AROE PSUs

 
168,780

 
337,560

Total

 
337,564

 
675,128


Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes the activities for our unvested PSUs for the years ended December 31, 2019, 2018 and 2017:
 
Unvested Performance Stock Units
 
Number of Units of TSR PSUs
 
Number of Units of AROE PSUs
 
TSR PSUs Weighted Fair Value on Date of Grant ($)
 
AROE PSUs
Weighted Fair
Value on Date
of Grant ($)
Unvested at December 31, 2016
143,414

 
47,802

 
$
25.07

 
$
19.18

     Granted(1)
107,426

 
116,721

 
25.00

 
20.37

     Vested
(50,899
)
 
(57,637
)
 
24.83

 
20.02

     Canceled/Forfeited(2)

 
(1,697
)
 

 
20.55

Unvested at December 31, 2017
199,941

 
105,189

 
$
25.09

 
$
20.02

     Granted(1)
169,631

 
266,244

 
22.15

 
19.65

     Vested

 
(129,522
)
 

 
20.14

     Canceled/Forfeited(2)
(92,515
)
 
(26,006
)
 
25.20

 
19.99

Unvested as of December 31, 2018
277,057

 
215,905

 
$
23.16

 
$
19.47

     Granted(1)
362,681

 
392,667

 
25.22

 
30.32

     Vested
(235,120
)
 
(188,740
)
 
23.25

 
19.67

     Canceled/Forfeited(2)
(17,624
)
 
(14,363
)
 
24.12

 
18.95

     Vesting-accelerated(3)
(164,810
)
 
(382,502
)
 
32.01

 
32.01

Unvested as of December 31, 2019
222,184

 
22,967

 
$
23.12

 
$
20.14

Expected to vest after December 31, 2019
222,184

 
22,967

 
$
23.12

 
$
20.14