Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

During the three-month period ended March 31, 2017, the following grants of share-based awards were made under the 2005 Incentive Plan:



Date of Grant	Shares	Grant Date Fair Value Per Share		Vesting Period

January 3, 2017 ⁽¹⁾	671,771	$	8.82	33% per year over three years
January 3, 2017 ⁽²⁾	671,771	$	12.64	100% on January 1, 2020
January 3, 2017 ⁽³⁾	9,956	$	8.82	100% on January 1, 2019


(1)	Reflects the grant of restricted stock to our executive officers and select management employees.

(2)

Reflects the grant of performance share units (“PSUs”) to our executive officers and select management employees. The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum amount of the award being 200% of the original awarded PSUs and the minimum amount being zero. For the 2017 awards, vested PSUs can only be settled in shares of our common stock.


(3)	Reflects the grant of restricted stock to certain independent members of our Board of Directors (the “Board”) who have made an election to take their quarterly fees in stock in lieu of cash.