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Equity-based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Activity for Share-based Compensation
The following table details the activity of the Time-Based Restricted Stock Units and Deferred Stock Units during the year ended December 31, 2018.
 
 
Time-Based Restricted Stock Units
 
Weighted-Average Grant Date Fair Value
 
Deferred Stock Units
 
Weighted-Average Grant Date Fair Value
Unvested units, December 31, 2017
 
1,312,865

 
$
8.61

 

 
$

Granted
 
770,014

 
6.76

 
181,873

 
6.95

Vested
 
(755,810
)
 
8.66

 
(181,873
)
 
6.95

Forfeited
 
(36,054
)
 
7.44

 

 

Unvested units, December 31, 2018
 
1,291,015

 
$
7.51

 

 
$

The following table details the activity of the Restricted Shares during the year ended December 31, 2018:
 
 
Restricted Shares
 
Weighted-Average Grant Date Fair Value
Unvested shares, December 31, 2017
 
234,428

 
$
13.98

Vested
 
(159,210
)
 
13.97

Forfeited
 
(4,218
)
 
13.66

Unvested shares, December 31, 2018
 
71,000

 
$
14.04

The following table details the activity of the LTI Target Awards during the year ended December 31, 2018.
 
 
LTI Target Awards
 
Weighted-Average Grant Date Fair Value
Unvested units, December 31, 2017
 
1,574,229

 
$
7.98

Granted
 
894,441

 
6.44

Vested
 
(327,693
)
 
7.14

Forfeited
 
(524,014
)
 
7.14

Unvested units, December 31, 2018
 
1,616,963

 
$
7.57

The following table details the activity of the Stock Options during the year ended December 31, 2018.
 
 
Stock Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Outstanding, December 31, 2017
 

 
$

 

 
$

Granted
 
2,802,639

 
6.84

 

 

Forfeited
 
(39,474
)
 
6.84

 

 

Outstanding, December 31, 2018
 
2,763,165

 
$
6.84

 
9.14

 
$
856,581

Schedule of Valuation Assumptions
The following inputs and assumptions were used to calculate the weighted-average fair values of the options granted:
 
 
Year Ended December 31, 2018
Expected term (in years)
 
6.5

Volatility
 
27.39
%
Dividend yield
 
7.21
%
Risk-free rate
 
2.75
%
Grant date fair value
 
$
0.76