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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Valuation Assumptions Used to Determine Fair Value
 
2019
Risk free interest rate
2.53%
Dividend yield
—%
Volatility factor of the expected market price of the common shares
37%
Expected term (in years)
2.84
Correlation coefficient
0.36

The weighted average assumptions used in the determination of fair value for stock option awards were as follows:
 
2015
Risk free interest rate
1.80
%
Dividend yield
1.58
%
Volatility factor of the expected market price of the common shares
0.35

Expected life for the options (in years)
5.50


Schedule of Reconciliation of Options Outstanding
A reconciliation of the number of Options outstanding and exercisable under the 2014 LT Plan as of December 31, 2019, and changes during the period then ended, is as follows:
 


Shares
(in thousands)
 

Weighted- Average Exercise
Price
 
Weighted- Average Remaining Contractual Term
 
Aggregate Intrinsic Value
(000's)
Options outstanding at January 1, 2019
325,000

 
$
35.40

 
 
 
 
Options granted

 

 
 
 
 
Options exercised

 

 
 
 
 
Options cancelled / forfeited

 

 
 
 
 
Options outstanding at December 31, 2019
325,000

 
$
35.40

 

 
$

Vested and expected to vest at December 31, 2019
325,000

 
$
35.40

 

 
$

Options exercisable at December 31, 2019
325,000

 
$
35.40

 

 
$


Schedule of Options Granted and Exercised
 
Year ended December 31,
(in thousands)
2019
Total intrinsic value of Options exercised
$

Total fair value of shares vested
$

Weighted average fair value of Options granted
$


Schedule of Nonvested Restricted Shares
A summary of the status of the Company's non-vested RSAs as of December 31, 2019, and changes during the period then ended, is presented below:
 
Shares (in thousands)
 
Weighted-Average Grant-Date Fair Value
Non-vested restricted shares at January 1, 2019
218

 
$
34.25

Granted
767

 
33.87

Vested
(264
)
 
31.10

Forfeited
(14
)
 
35.50

Non-vested restricted shares at December 31, 2019
707

 
$
34.99

 
Year ended December 31,
 
2019
 
2018
 
2017
Total fair value of shares vested (000's)
$
8,225

 
$
4,681

 
$
3,751

Weighted average fair value of restricted shares granted
$
33.87

 
$
34.36

 
$
37.13


Schedule of Nonvested PSUs
A summary of the status of the Company's TSR PSUs as of December 31, 2019, and changes during the period then ended, is presented below:
 
Shares (in thousands)
 
Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2019
247

 
$
38.02

Granted
125

 
49.20

Vested
(5
)
 
24.82

Forfeited
(104
)
 
29.59

Non-vested at December 31, 2019
263

 
$
46.85

 
Year ended December 31,
 
2019
 
2018
 
2017
Weighted average fair value of PSUs granted
$
49.20

 
$
46.51

 
$
42.53


A summary of the status of the Company's EPS PSUs as of December 31, 2019, and changes during the period then ended, is presented below:
 
Shares (in thousands)
 
Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2019
247

 
$
33.47

Granted
122

 
27.23

Vested

 

Forfeited
(106
)
 
28.46

Non-vested at December 31, 2019
263

 
$
32.58

 
Year ended December 31,
 
2019
 
2018
 
2017
Weighted average fair value of PSUs granted
$
27.23

 
$
35.36

 
$
39.20


Schedule of Fair Value of the Option Component of the ESP Plan
 
Year ended December 31,
 
2019
 
2018
 
2017
Risk free interest rate
1.59
%
 
2.57
%
 
1.76
%
Dividend yield
2.27
%
 
2.23
%
 
2.06
%
Volatility factor of the expected market price of the common shares
36
%
 
33
%
 
28
%
Expected life for the options (in years)
1.0

 
1.0

 
1.0