Long-Term Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2017

Long-Term Incentive Plan

Schedule of amortization expense and forfeitures related to restricted shares

In accordance with the Compensation Topic of the FASB ASC, the Company has elected to account for forfeitures as they occur. The Company’s amortization expense and forfeitures related to restricted shares for the years ended December 31, 2017, 2016 and 2015 were as follows (in thousands):

	2017		2016		2015
Amortization expense, including forfeitures	$	8,042	$	7,157	$	9,695

Schedule of non-vested stock grant activity

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

	2017			2016			2015
		Weighted			Weighted			Weighted
		Average			Average			Average
	Shares	Price		Shares	Price		Shares	Price
Outstanding at beginning of year	1,095,908	$	13.36	986,345	$	14.33	1,883,296	$	11.24
Granted	654,266	$	15.11	816,880	$	12.33	499,787	$	17.33
Vested	(541,827)	$	13.78	(605,641)	$	13.39	(1,225,443)	$	10.75
Forfeited	(33,298)	$	14.10	(101,676)	$	14.32	(171,295)	$	14.76
Outstanding at end of year	1,175,049	$	14.12	1,095,908	$	13.36	986,345	$	14.33