Stock-Based Compensation

3 Months Ended

Mar. 31, 2016

5. Stock-Based Compensation

The Company's compensation expense recorded in connection with grants of restricted stock reflects an initial estimated cumulative forfeiture rate from 0% to 20% over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of awards expected to vest is likely to differ from previous estimates.

Current year grants of restricted stock under the Company's 2014 Omnibus Incentive Plan were as follows (amounts in thousands except for value per share):

	Shares Granted				Value Per Share				Total Value
Three months ended March 31, 2016			2,855			$	14.49 – 18.46			$	41,371