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Share-Based Compensation
 9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation
Share-Based Compensation
The company's outstanding share-based compensation is comprised solely of restricted stock awards.
Restricted Stock Awards –- Restricted stock awards are a grant of shares of common stock that may not be sold, encumbered or disposed of and that may be forfeited in the event of certain terminations of employment prior to the end of a restricted period set by the Compensation Committee of the Board of Directors. A participant granted restricted stock generally has all of the rights of a stockholder, unless the Compensation Committee determines otherwise.
The following table summarizes information about outstanding restricted stock grants as of September 30, 2017: 
Grant
 
Shares
(in thousands)
 
Vesting Schedule
 
Unearned
Compensation
(in millions)
 
Remaining
Periods
(in months)
October 2014
 
506

 
3 equal annual installments commencing on October 20, 2015
 
$
—

 
1
April 2015
 
27

 
3 equal annual installments commencing on October 20, 2015
 
$
—

 
1
October 2015
 
596

 
3 equal annual installments commencing on October 20, 2016
 
$
0.6

 
13
January/March 2016
 
63

 
3 equal annual installments commencing on October 20, 2016
 
$
—

 
13
October 2016
 
411

 
3 equal annual installments commencing on October 20, 2017
 
$
1.4

 
25
October 2016
 
98

 
fully vests as of October 20, 2017
 
$
0.1

 
1
June 2017
 
6

 
3 equal annual installments commencing on October 20, 2017
 
$
—

 
25

As of September 30, 2017, there was approximately $2.1 million of unearned compensation expense related to non-vested share-based compensation arrangements granted under our equity incentive plans. We have elected to report forfeitures as they occur as opposed to estimating future forfeitures in our share-based compensation expense.
The following table summarizes information about the non-vested restricted stock grants for the nine months ended September 30, 2017 and 2016: 
 
Nine Months Ended September 30,
 
2017
 
2016
 
Shares
(000’s)
 
Weighted-
Average
Grant-Date
Fair Value
 
Shares
(000’s)
 
Weighted-
Average
Grant-Date
Fair Value
Nonvested at December 31
981

 
$
4.70

 
1,128

 
$
4.24

Granted
6

 
8.77

 
63

 
2.49

Vested
(6
)
 
4.89

 
—

 
—

Forfeited
(39
)
 
4.84

 
(153
)
 
4.29

Nonvested at September 30
942

 
$
4.72

 
1,038

 
$
4.37