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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Restricted Stock Unit Awards

The activity related to our Company's restricted stock unit awards was as follows:

 

  

 

Three Months Ended March 31, 2019

 

 

 

Number of Awards

 

 

Weighted Average

Grant Date Fair

Value (1)

 

Nonvested at the beginning of the period

 

 

86,589

 

 

$

49.45

 

Granted

 

 

191,713

 

 

 

69.76

 

Vested (2)

 

 

(14,849

)

 

 

46.51

 

Forfeited

 

 

(8,250

)

 

 

48.74

 

Nonvested at the end of the period

 

 

255,203

 

 

$

64.90

 

 

(1)

Fair value is based on the closing price of our common shares on the NASDAQ on the grant date.

(2)

This amount represents the gross number of shares vested before any share forfeiture to pay required tax withholdings. For the three months ended March 31, 2019 share awards of 6,043 were withheld for tax payments at a weighted average vest date fair value of $69.62.

Performance-based Equity Awards

The activity related to our Company's performance-based equity awards was as follows:

 

  

 

Three Months Ended March 31, 2019

 

 

 

Number of Awards

 

 

Weighted Average

Grant Date Fair

Value (1)

 

Nonvested at the beginning of the period

 

 

845,533

 

 

$

48.86

 

Granted

 

 

 

 

 

 

Performance Adjustment

 

 

(96,448

)

 

 

40.57

 

Vested (2)

 

 

(247,448

)

 

 

40.70

 

Forfeited

 

 

(27,000

)

 

 

51.27

 

Nonvested at the end of the period

 

 

474,637

 

 

$

54.66

 

 

(1)

Fair value is based on the closing price of our common shares on the NASDAQ on the grant date.

(2)

This amount represents the gross number of shares vested before any share forfeiture to pay required tax withholdings. For the three months ended March 31, 2019 share awards of 98,558 were withheld for tax payments at a weighted average vest date fair value of $69.78.