Shareholders' Equity and Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Dividends Declared

Common Stock. On June 20, 2019, the Company’s Board of Directors effected a 1-for-3 reverse stock split of its common stock whereby every three common shares issued and outstanding as of the close of market on that date were converted into one common share. As a result, the number of common shares outstanding was reduced by 49,210,493, including fractional shares redeemed for cash in lieu of shares. All references to common shares, per common share amounts, and restricted stock have been restated to reflect the effect of the reverse stock split for all periods presented. In addition, the number of authorized shares of the Company’s common stock was also reduced from 200 million to 90 million. The par value of each share of common stock remained unchanged.

The following table summarizes information regarding monthly dividend declarations on the Company’s common stock for the first six months of 2019:

	Six Months Ended
	June 30, 2019
Declaration Date	Amount Declared (1)		Record Date	Payment Date
January 7, 2019	$	0.18	January 18, 2019	January 31, 2019
January 28, 2019	0.18		February 14, 2019	February 28, 2019
March 12, 2019	0.18		March 22, 2019	April 1, 2019
April 10, 2019	0.18		April 22, 2019	May 1, 2019
May 16, 2019	0.18		May 28, 2019	June 7, 2019
June 6, 2019	0.18		June 26, 2019	July 3, 2019

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The following table presents a rollforward of the restricted stock activity for the periods indicated:

	Six Months Ended
	June 30,
	2019				2018
	Shares (1)		Weighted Average Grant Date Fair Value Per Share (1)		Shares (1)		Weighted Average Grant Date Fair Value Per Share (1)
Restricted stock outstanding as of beginning of period (2)	113,904		$	19.19	117,701		$	21.02
Restricted stock granted	67,997		18.09		71,051		18.95
Restricted stock vested (2)	(62,688	)	19.20		(74,849	)	21.85
Restricted stock outstanding as of end of period (2)	119,213		$	18.56	113,904		$	19.19