Share-Based Compensation Plan (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based Compensation, Activity

The following table presents restricted stock unit award activity for the periods indicated:

		Weighted-
		Average Grant
	Number of	Date Fair Value
	Shares	per Share (1)
Restricted stock unit awards at January 1, 2019	13,733	$	43.00
Granted	—	$	—
Vested	(375)	$	43.00
Forfeited	—	$	—
Restricted stock unit awards at March 31, 2019	13,358

_______________

(1) Determined by dividing the aggregate grant date fair value of awards by the number of awards issued.

Unrecognized compensation cost associated with restricted stock unit awards was approximately $0.3 million at March 31, 2019. Due to the graded vesting provisions of these awards, we expect to recognize the remaining compensation cost for these awards over a weighted-average period of 1.5 years.

Performance Share Unit Awards

The following table presents performance share unit award activity for the periods indicated:

		Weighted-
		Average Grant
	Number of	Date Fair Value
	Shares	per Share (1)
Performance share unit awards at January 1, 2019	3,966	$	43.00
Granted	—	$	—
Performance factor decrease (2)	(185)	$	43.00
Vested	—	$	—
Forfeited	—	$	—
Performance share unit awards at March 31, 2019	3,781

_______________

(1) Determined by dividing the aggregate grant date fair value of awards by the number of awards issued.

(2) The performance factor was lowered to 47.5 percent based upon a comparison of actual results for 2018 to performance goals.