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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Shares
A summary of the status of the Company's non-vested RSAs as of December 31, 2020, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2020
707 $34.99 
Granted284 18.35 
Vested(413)32.68 
Forfeited(11)25.94 
Non-vested at December 31, 2020
567 $28.50 
Year ended December 31,
202020192018
Total fair value of shares vested (in thousands)
$13,510 $8,225 $4,681 
Weighted average fair value of RSAs granted$18.35 $33.87 $34.36 
Schedule of Nonvested PSUs
A summary of the status of the Company's EPS PSUs as of December 31, 2020, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2020
263 $32.58 
Granted203 19.06 
Vested— — 
Forfeited(122)32.71 
Non-vested at December 31, 2020
344 $24.58 
Year ended December 31,
202020192018
Weighted average fair value of EPS PSUs granted$19.06 $27.23 $35.36 
A summary of the status of the Company's TSR PSUs as of December 31, 2020, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2020
263 $46.85 
Granted203 16.80 
Vested— — 
Forfeited(122)39.32 
Non-vested at December 31, 2020
344 $31.83 
Year ended December 31,
202020192018
Weighted average fair value of TSR PSUs granted$16.80 $49.20 $46.51 
Schedule of Valuation Assumptions Used to Determine Fair Value
2020
Risk free interest rate0.85%
Dividend yield—%
Volatility factor of the expected market price of the common shares33%
Expected term (in years)2.83
Correlation coefficient0.43
Schedule of Fair Value of the Option Component of the ESP Plan
Year ended December 31,
202020192018
Risk free interest rate1.59 %1.59 %2.57 %
Dividend yield2.71 %2.27 %2.23 %
Volatility factor of the expected market price of the common shares36 %36 %33 %
Expected life for the options (in years)
1.01.01.0