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Common Stock and Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock Unit Activity
The following table summarizes PSU activity during the three months ended March 31, 2019:
 
PSUs
 
Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019
291,773

 
$
9.94

Granted
737,914

 
3.10

Vested
(26,734
)
 
18.93

Forfeited or canceled
(47,414
)
 
6.02

Performance adjustment(1)
(240,761
)
 
8.92

Outstanding at March 31, 2019
714,778

 
$
3.10


(1)
Represents an adjustment to the 2018 tranche of the 2016, 2017 and 2018 PSU awards based on actual performance during the 2018 annual performance period in relation to the established performance goal for that period. The actual performance for the 2018 annual performance period was certified by the Compensation Committee of our Board of Directors in the first quarter of 2019.
The following table summarizes RSU activity during the three months ended March 31, 2019:
 
Employees
 
Non-Employee Directors
 
Total
RSUs outstanding at January 1, 2019
840,431

 
140,539

 
980,970

RSUs granted
1,318,897

 
268,373

 
1,587,270

Shares issued upon vesting of RSUs
(189,242
)
 
(58,938
)
 
(248,180
)
RSUs canceled or forfeited(1)
(276,589
)
 
(2,641
)
 
(279,230
)
RSUs outstanding at March 31, 2019
1,693,497

 
347,333

 
2,040,830

Weighted average grant date fair value
$
5.07

 
$
4.84

 
$
5.03


(1)
Pursuant to the terms of our plans, employees have the option of forfeiting RSUs to cover their minimum statutory tax withholding when shares are issued. Any RSUs surrendered or canceled in satisfaction of participants’ tax withholding obligations are not available for future grants under the plans.
Schedule of Phantom Share Activity
The following table summarizes the phantom share activity during the three months ended March 31, 2019:
 
Shares
 
Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019
2,007,427

 
$
11.35

Granted
4,315,094

 
3.13

Converted/paid
(727,421
)
 
12.97

Forfeited
(92,542
)
 
11.26

Outstanding at March 31, 2019
5,502,558

 
$
4.69
Schedule of Stock Option Activity
The following table summarizes stock option activity during the three months ended March 31, 2019:
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Options outstanding and exercisable at January 1, 2019
385,538

 
$
14.55

 
 
 
 
Forfeited and canceled
(197,813
)
 
17.36

 
 
 
 
Options outstanding and exercisable at March 31, 2019
187,725

 
$
11.58

 
1.25
 
—
Schedule of Share-Based Compensation Expense Recognized
The following table summarizes the share-based compensation expense recognized during the three months ended March 31, 2019 and 2018:
 
Three Months Ended March 31
 
2019
 
2018
 
(In thousands)
RSUs
$
738

 
$
1,146

PSUs
268

 
596

Phantom shares
889

 
413

Total
$
1,895

 
$
2,155