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 or in the case of the Board of Directors, a separation for cause, 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 June 30, 2019:



Grant	Shares ('000)	Vesting Schedule	Unearned Compensation		Remaining Periods (in months)
October 2016	411	3 equal annual installments commencing on October 20, 2017	$	205.1	4
July 2017	6	3 equal annual installments commencing on October 20, 2017	$	5.3	4
October 2017	303	3 equal annual installments commencing on October 20, 2018	$	1,177.5	16
October 2018	382	3 equal annual installments commencing on October 20, 2019	$	1,948.8	28
May 2019	71	Shares granted to independent board members that fully vest as of May 16, 2020	$	450.0	10

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 six months ended June 30, 2019 and 2018:



	Six months ended June 30,
	2019				2018
	Shares ('000s)		Weighted- Average Grant-Date Fair Value		Shares ('000s)		Weighted- Average Grant-Date Fair Value
Nonvested at December 31	761		$	7.56	787		$	6.84
Granted	75		7.60		64		8.41
Vested	(68	)	8.38		—		—
Forfeited	(20	)	7.48		(6	)	6.98
Nonvested at June 30	748		$	7.49	845		$	6.96