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Share Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Company's Restricted Share Activity

The following table summarizes the Company’s restricted share activity during the three months ended March 31, 2018:

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

Non-vested at January 1, 2018

 

455,643

 

 

$

14.95

 

 

$

8,288,146

 

Granted

 

178,549

 

 

 

15.66

 

 

 

2,796,077

 

Vested

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

(1,527

)

 

 

15.00

 

 

 

 

 

Non-vested at March 31, 2018

 

632,665

 

 

$

15.15

 

 

$

10,046,720

 

 

Schedule of Restricted Performance Share Units Plan

The table below presents certain information as to unvested RPSU awards.

 

RPSU Grant

 

 

2/22/2016

 

 

3/1/2017

 

 

2/28/2018

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Amounts below in shares, unless otherwise noted)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested at January 1, 2018

 

228,077

 

 

 

172,411

 

 

 

-

 

 

 

400,488

 

Units Granted

 

-

 

 

 

-

 

 

 

209,193

 

 

 

209,193

 

Units Cancelled

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Non-vested at March 31, 2018

 

228,077

 

 

 

172,411

 

 

 

209,193

 

 

 

609,681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Measurement Period Commencement Date

1/1/2016

 

 

1/1/2017

 

 

1/1/2018

 

 

 

 

 

Measurement Period End Date

12/31/2018

 

 

12/31/2019

 

 

12/31/2020

 

 

 

 

 

Units Granted

 

231,388

 

 

 

174,854

 

 

 

209,193

 

 

 

 

 

Fair Value of Units on Grant Date (in thousands)

$

3,558

 

 

$

3,735

 

 

$

4,276