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Share-Based Compensation and Employee Ownership Plans (Tables)
 6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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 six months ended June 30, 2019 and 2018:
 
Six Months Ended June 30, 2019
 
Six Months Ended June 30, 2018
 
Nonvested Restricted Class A Common Shares and Class A Common Restricted Stock Units
 
Weighted-Average
Grant Date
Fair Value
 
Nonvested Restricted Class A Common Shares and Class A Common Restricted Stock Units
 
Weighted-Average
Grant Date
Fair Value
Beginning balance outstanding
5,962,295

 
$
15.73

 
5,579,293

 
$
16.33

Granted
2,194,230

 
16.67

 
2,179,443

 
14.26

Vested
(1,282,843
)
 
16.21

 
(1,390,392
)
 
16.11

Canceled
(233,333
)
 
14.12

 
—

 
—

Forfeited
(153,399
)
 
13.94

 
(44,556
)
 
13.86

Ending balance outstanding
6,486,950

 
$
16.06

 
6,323,788

 
$
15.68


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 and 333,333 in April of 2019. Of the awards granted, 130,438 have been forfeited and 233,333 have been canceled, as they did not meet the performance criteria, through June 30, 2019. The remaining awards, included in the outstanding balance as of June 30, 2019, will vest between May 2019 and December 2021 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 200% 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.