Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Nonvested Share Activity

Non-vested share activity for the years ended December 31, 2021 and 2020, is as follows:

	Number of Shares	Weighted-Average Grant-Date Fair Value Per Share
Balance at December 31, 2019	2,941,412	$	7.30
Granted	709,250	7.77
Vested	(613,504)	8.80
Forfeited	(332,429)	5.30
Balance at December 31, 2020	2,704,729	7.27
Granted	899,328	7.85
Vested	(1,303,149)	7.82
Forfeited	(10,264)	10.09
Balance at December 31, 2021	2,290,644	$	7.17

Schedule of Share-based Compensation, Activity

During 2021 and 2020, the Company granted common shares to certain employees and trustees as follows:

	2021		2020
Performance Shares(1)
Shares issued:
Index	297,636		232,993
Peer	297,632		232,987
Grant date fair value per share:(2)
Index	$	7.13	$	6.59
Peer	$	6.23	$	5.97
Non-Vested Common Shares:(3)
Shares issued	304,060		243,270
Grant date fair value	$	3,080	$	2,581

(1)The shares vest based on the Company's total shareholder return growth after a three-year measurement period relative to an index and a group of Company peers. Dividends will not be paid on these grants until earned. Once the performance criteria are met and the actual number of shares earned is determined, such shares vest immediately. During 2021, all of the 662,044 performance shares issued in 2018 vested. During 2020, 122,779 of the 452,737 performance shares issued in 2017 vested.

(2)The fair value of grants was determined at the grant date using a Monte Carlo simulation model.

(3)The shares vest ratably over a three-year service period