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Long-Term Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2016
Long-Term Incentive Plan  
Schedule of amortization expense and forfeitures related to restricted shares and performance awards

As discussed in Note 2, the Company chose to early adopt ASU No. 2016-09 effective January 1, 2016. Upon adoption of ASU No. 2016-09, the Company elected to account for forfeitures as they occur. The Company’s compensation expense and forfeitures related to restricted shares for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

Amortization expense, including forfeitures

 

$
7,157

 

$
9,695

 

$
9,063

 

 

Schedule of non-vested stock grant activity

The following is a summary of non-vested stock grant activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

2014

 

 

    

 

    

Weighted

    

 

    

Weighted

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

Shares

 

Price

 

Shares

 

Price

 

Shares

 

Price

 

Outstanding at beginning of year

 
986,345

 

$
14.33

 
1,883,296

 

$
11.24

 
2,009,412

 

$
10.23

 

Granted

 
816,880

 

$
12.33

 
499,787

 

$
17.33

 
691,182

 

$
13.48

 

Vested

 
(605,641)

 

$
13.39

 
(1,225,443)

 

$
10.75

 
(799,845)

 

$
10.61

 

Forfeited

 
(101,676)

 

$
14.32

 
(171,295)

 

$
14.76

 
(17,453)

 

$
11.90

 

Outstanding at end of year

 
1,095,908

 

$
13.36

 
986,345

 

$
14.33

 
1,883,296

 

$
11.24