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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-Based Compensation [Abstract]  
Summary of Restricted Stock Unit and Stock Option Activity

Restricted Stock Units

Stock Options

Weighted-

Weighted-

Average

Average

Grant Date

Exercise/

Fair Value

(Strike) Price

Number

Per Share

Number

Per Share

Outstanding as of December 31, 2016

1,156,484

$

22.64

2,174,500

$

19.50

Granted

1,064,000

30.02

539,000

24.54

Expired or cancelled

(20,985)

23.91

(19,466)

26.56

Vested/exercised

(801,515)

19.38

(140,000)

21.41

Outstanding as of December 31, 2017

1,397,984

$

30.11

2,554,034

$

20.45

Granted

699,000

24.21

664,000

23.20

Expired or cancelled

(240,289)

32.76

(274,990)

22.82

Vested/exercised

(387,695)

28.67

Outstanding as of December 31, 2018

1,469,000

$

27.27

2,943,044

$

20.89

Granted

530,000

20.23

220,000

19.66

Expired or cancelled

(104,029)

28.98

(884,029)

21.03

Vested/exercised

(179,971)

25.39

Outstanding as of December 31, 2019

1,715,000

$

25.19

2,279,015

$

20.62

Summary Of Unrestricted Stock Units Issuance

Unrestricted Stock Units

Weighted-Average

Grant Date

Year

Number

Fair Value Per Share

2017

99,155

$

26.26

2018

115,420

21.26

2019

98,591

15.72

Weighted-Average Assumptions Used in Estimating Grant Date Fair Values of Stock Option Awards

Year Ended December 31,

2019

2018

2017

Total stock options granted

220,000

664,000

539,000

Weighted-average grant date fair value

$

7.59

$

11.09

$

13.11

Weighted-average assumptions:

Risk-free rate

2.1

%

2.6

%

1.8

%

Expected life of options(a)

6.1

5.8

4.8

Expected volatility(b)

39.4

%

42.2

%

43.1

%

Expected quarterly dividends

$

$

$

_____________________________________________________________________________________________________________

(a)Calculated using the simplified method due to the terms of the stock options and the limited pool of grantees.

(b)Calculated using historical volatility of the Company’s common stock over periods commensurate with the expected life of the option.