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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of grants of share-based awards During the three-month period ended March 31, 2021, the following grants of share-based awards were made under the 2005 Incentive Plan:

Grant Date

Fair Value

Date of Grant

    

Shares/Units

    

Per Share/Unit

    

Vesting Period

January 1, 2021 (1)

 

452,381

$

4.20

 

33% per year over three years

January 4, 2021 (2)

 

452,381

$

5.33

 

100% on January 4, 2024

January 4, 2021 (3)

 

14,249

$

4.20

 

100% on January 1, 2023

(1)Reflects grants of restricted stock units (“RSUs”) to our executive officers.
(2)Reflects grants of performance share units (“PSUs”) to our executive officers. These PSUs consist of two components: (i) 50% based on the performance of our common stock and (ii) 50% based on cumulative total Free Cash Flow (“FCF”). The grant date fair value represents the average grant date fair value of the two components.
(3)Reflects grants of restricted stock to certain independent members of our Board of Directors (our “Board”) who have elected to take their quarterly fees in stock in lieu of cash.