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Share-Based Compensation and Employee Ownership Plans (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the Company's stock option activity for the years ended December 31, 2017 and 2016:
 
Class A Common Shares Subject
to Option
 
Weighted Average
Exercise Price/Share
 
Weighted Average
Remaining Term
 
Aggregate Intrinsic
Value(1)
 
 
 
 
 
(in years)
 
(dollars in thousands)
Balance outstanding at December 31, 2015
4,167

 
$
19.56

 
1.6

 
$
87

Options granted
—

 
—


—

 
—

Options exercised
—

 
—

 
—

 
—

Options expired
—

 
—

 
—

 
—

Balance outstanding at December 31, 2016
4,167

 
$
19.56

 
0.10

 
$
—

Options granted
—

 
—

 
—

 
—

Options exercised
—

 
—

 
—

 
—

Options expired
(4,167
)
 
19.56

 
—

 
—

Balance outstanding at December 31, 2017
—

 
$
—

 
0

 
$
—

Options exercisable at December 31, 2016
4,167

 
$
19.56

 
0.10

 
$
—

Options exercisable at December 31, 2017
—

 
$
—

 
0

 
$
—

(1)
Based on the Company's closing stock price of $13.65 on December 31, 2017 and $15.50 on December 31, 2016.
Schedule of Share-based Compensation, Stock Appreciation Rights, Activity
As of December 31, 2017, the Company's stock options were fully expensed.
The following table summarizes the Company's SAR's for the years ended December 31, 2017:
 
Class A Common Shares Subject
to Option
 
Weighted Average
Exercise Price/Share
 
Weighted Average
Remaining Term
 
Aggregate Intrinsic
Value(1)
 
 
 
 
 
(in years)
 
(dollars in thousands)
Balance outstanding at December 31, 2015
100,000

 
$
11.60

 
2.21

 
$
558

SAR's granted
—

 
—

 
—

 
—

SAR's acquired
—

 
—

 
—

 
—

SAR's expired
—

 
—

 
—

 
—

Balance outstanding at December 31, 2016
100,000

 
$
11.60

 
1.21

 
$
435

SAR's granted
—

 
—

 
—

 
—

SAR's vested
(25,000
)
 
11.60

 
—

 
—

SAR's expired
—

 
—

 
—

 
—

Balance outstanding at December 31, 2017
75,000

 
$
11.60

 
0.21

 
$
173

SAR's exercisable at December 31, 2016
—

 
$
—

 
—

 
$
—

SAR's exercisable at December 31, 2017
—

 
$
—

 
0

 
$
—


(1)
Based on the Company's closing stock price of $13.65 on December 31, 2017 and $15.50 on December 31, 2016.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Restricted shares and restricted stock units are referred to collectively as restricted stock. The following table summarizes the Company's restricted share and restricted stock unit activity for the years ended December 31, 2017 and 2016:
 
Nonvested Restricted Class A Common Shares and Class A Common Restricted Stock Units
 
Weighted-Average
Grant Date
Fair Value
Balance outstanding at December 31, 2015
5,370,091

 
$
16.68

Granted
2,157,403

 
14.02

Vested
(1,487,092
)
 
14.95

Canceled
—

 
—

Forfeited
(322,470
)
 
14.89

Balance outstanding at December 31, 2016
5,717,932

 
$
16.23

Granted
2,255,441

 
14.98

Vested
(2,036,366
)
 
14.64

Canceled
—

 
—

Forfeited
(357,714
)
 
15.77

Balance outstanding at December 31, 2017
5,579,293

 
$
16.33


Included in the restricted share and restricted stock unit activity are performance linked restricted stock units of 481,438 which were awarded to employees of the Company in December 2013 and January 2014. An additional 700,000 performance linked restricted stock units were awarded in March 2016. Of the awards granted, 109,375 have been forfeited through December 31, 2017. The remaining awards, included in the outstanding balance as of December 31, 2017, will vest between March 2019 and December 2020 and will be earned only to the extent that the Company attains specified market conditions relating to its volume-weighted average share price and total shareholder return in relation to certain benchmark indices and performance goals relating to aggregate net income and average return on shareholder equity. The actual number of RSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 150% of the targeted award. Each RSU is equal to the one share of the Company’s Class A common stock. Compensation expense is recognized to the extent that it is probable that the Company will attain the performance goals.