Share Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2016

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

Changes In The Company's Nonvested Shares

Nonvested performance-based share activity during the first three months of 2016 is detailed in the following table:

	Nonvested Shares	Weighted-Average Grant-Date Fair Value
Nonvested performance-based shares at January 1, 2016	379,277	$	15.34
Granted *	186,285	11.45
Vested	—
Forfeited *	—	—
Nonvested performance-based shares at March 31, 2016	565,562	$	14.06

* The number of performance-based shares granted is based on the target award amounts in the performance share grant agreements.

Nonvested time-based share activity during the three months ended March 31, 2016, is detailed in the following table:

	Nonvested  Shares		Weighted-Average Grant-Date Fair Value
Nonvested time-based shares at January 1, 2016	186,655		$	13.97
Granted	206,974		8.03
Vested	(33,080	)	13.88
Forfeited	—		—
Nonvested time-based shares at March 31, 2016	360,549		$	10.68

Compensation Expense of Nonvested Shares

The following table presents the compensation expense of the nonvested shares outstanding at March 31, 2016, to be recognized over the remaining vesting periods:

(In thousands)	Time-based shares		Performance -based shares
Remaining 2016	$	1,655	$	1,737
2017	1,198		1,607
2018	577		771
Total	$	3,430	$	4,115