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Stock-Based Compensation Plan (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
A summary of stock option activity for the year ended December 31, 2019 is as follows (in thousands, except per share and contractual life amounts):
 
Outstanding
Options
 
Weighted-
Average 
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average Remaining Contractual Life (years)
Outstanding at December 31, 2018
4,111

 
$
8.53

 
$
37

 
 
Granted
—

 
—

 
—

 
 
Exercised
(27
)
 
2.36

 
68

 
 
Forfeited/Expired
(1,923
)
 
8.55

 
5

 
 
Outstanding at December 31, 2019
2,161

 
$
8.59

 
$
2

 
5.87
Vested and exercisable at December 31, 2019
1,385

 
$
8.56

 
$
2

 
4.56
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following assumptions were utilized in the Black-Scholes valuation model for options granted:
 
2019(1)
 
2018
 
2017
Dividend yield
—

 
—

 
—

Risk-free interest rate
—

 
2.76%-3.15%

 
1.98%-2.34%

Expected life
—

 
6.4 years

 
6.5 years

Volatility
—

 
35.0%-36.2%

 
36.0%-38.0%


(1) No options were granted in 2019.

The following weighted average assumptions were utilized in the Black-Scholes valuation model to estimate the fair value of the SARs as of December 31, 2019:
 
2019
Dividend yield
—

Risk-free interest rate
1.69
%
Expected life
6.3 years

Volatility
46.7
%
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of restricted share unit activity for the year ended December 31, 2019 is as follows (in thousands, except per share amounts):
 
Outstanding Restricted Share Units
 
Weighted-Average Grant-Date Fair Value
Nonvested Restricted Share Units at December 31, 2018
552

 
$
7.74

Granted
1,893

 
3.62

Vested and transferred to unrestricted share units
(204
)
 
7.76

Forfeited
(109
)
 
5.64

Nonvested Restricted Share Units at December 31, 2019
2,132

 
$
4.16


A summary of restricted share activity for the year ended December 31, 2019 is as follows (in thousands, except per share amounts):
 
Outstanding 
Restricted
Common Shares
 
Weighted-Average Grant-Date
Fair Value
Nonvested Restricted Common shares at December 31, 2018
447

 
$
9.13

Granted
—

 
—

Vested and transferred to unrestricted common stock
(158
)
 
8.67

Forfeited
(122
)
 
9.07

Nonvested Restricted Common shares at December 31, 2019
167

 
$
9.61
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
A summary of SAR activity for the year ended December 31, 2019 is as follows (in thousands, except per share and contractual life amounts):
 
Outstanding
SARs
 
Weighted-
Average 
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average Remaining Contractual Life (years)
Outstanding at December 31, 2018
—

 
$
—

 
$
—

 
 
Granted
1,449

 
3.64

 
2,716

 
 
Exercised
—

 
—

 
—

 
 
Forfeited/Expired
—

 
—

 
—

 
 
Outstanding at December 31, 2019
1,449

 
$
3.64

 
$
2,716

 
9.4
Vested and exercisable at December 31, 2019
—

 
$
—

 
$
—

 
 
Schedule of Nonvested Performance-based Units Activity
A summary of performance share unit activity for the year ended December 31, 2019 is as follows (in thousands, except per share amounts):
 
Outstanding 
Performance Share Units
 
Weighted-
Average Grant-
Date Fair Value
Nonvested Performance Share Units at December 31, 2018
293

 
$
8.72

Granted
594

 
3.39

Vested
—

 
—

Forfeited
(86
)
 
10.41

Nonvested Performance Share Units at December 31, 2019
801

 
$
4.58