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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of grants of share-based awards

The following grants of share-based awards were made in 2021 under the 2005 Incentive Plan:

Grant Date

Fair Value

Date of Grant

    

Award Type

    

Shares/Units

    

Per Share/Unit

    

Vesting Period

January 1, 2021 (1)

 

RSU

 

452,381

$

4.20

 

33% per year over three years

January 4, 2021 (1)

 

PSU

 

452,381

$

5.33

 

100% on January 4, 2024

January 4, 2021 (2)

 

Restricted stock

 

14,249

$

4.20

 

100% on January 1, 2023

April 1, 2021 (2)

 

Restricted stock

 

9,282

$

5.05

 

100% on January 1, 2023

July 1, 2021 (2)

 

Restricted stock

 

8,403

$

5.71

 

100% on January 1, 2023

July 23, 2021 (2)

 

Restricted stock

 

14,664

$

4.54

 

100% on July 23, 2022

October 1, 2021 (2)

 

Restricted stock

 

12,685

$

3.88

 

100% on January 1, 2023

December 8, 2021 (2)

 

Restricted stock

 

273,558

$

3.29

 

100% on December 8, 2022

(1)Reflects grants to our executive officers.
(2)Reflects grants to certain independent members of our Board.
Summary of information about restricted stock The following table summarizes information about our restricted stock:

Year Ended December 31,

2021

2020

2019

Grant Date

Grant Date

Grant Date 

    

Shares

    

 Fair Value (1)

    

Shares

    

 Fair Value (1)

    

Shares

    

Fair Value (1)

Awards outstanding at beginning of year

 

1,176,951

$

6.61

 

1,173,045

$

6.81

 

1,320,989

$

7.40

Granted

 

332,841

 

3.59

 

667,752

 

7.06

 

846,835

 

6.02

Vested (2)

 

(656,066)

 

6.35

 

(631,498)

 

7.52

 

(993,361)

 

6.92

Forfeited

 

 

 

(32,348)

 

5.41

 

(1,418)

 

8.82

Awards outstanding at end of year

 

853,726

$

5.62

 

1,176,951

$

6.61

 

1,173,045

$

6.81

(1)Represents the weighted average grant date fair value, which is based on the quoted closing market price of our common stock on the trading day prior to the date of grant.
(2)Total fair value of restricted stock that vested during the years ended December 31, 2021, 2020 and 2019 was $2.6 million, $5.4 million and $6.5 million, respectively.
Summary of information about equity PSU awards

The following table summarizes information about our equity PSU awards:

    

Year Ended December 31,

2021

2020

2019

Grant Date

Grant Date

Grant Date

    

Units

    

Fair Value (1)

    

Units

    

Fair Value (1)

    

Units

    

Fair Value (1)

Equity PSU awards outstanding at beginning of year

 

1,297,126

$

9.99

 

1,565,044

$

10.17

 

1,006,360

$

11.76

Granted

 

452,381

 

5.33

 

369,938

 

13.15

 

688,540

 

7.60

Vested

 

(368,038)

 

10.44

 

(589,335)

 

12.64

 

 

Forfeited

 

 

 

(48,521)

 

7.60

 

(129,856)

 

8.91

Equity PSU awards outstanding at end of year

 

1,381,469

$

8.34

 

1,297,126

$

9.99

 

1,565,044

$

10.17

(1)Represents the weighted average grant date fair value.