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EQUITY-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Unrecognized Compensation Cost Total unrecognized compensation expense will be adjusted for actual forfeitures.
 
Unrecognized Compensation Expense Related to Outstanding Awards (in thousands)
 
Remaining Weighted-Average Amortization Period (in years)
RSUs with service vesting conditions
$
9,207

 
1.5
RSUs with performance vesting conditions
218

 
0.5
RSUs with market vesting conditions
5,051

 
2.1
Total unrecognized compensation expense
$
14,476

 
 
Summary of Restricted Stock Award and Restricted Stock Unit Activity
RSU activity during the six months ended June 30, 2019, was as follows:
 
 
 
 
 
Performance-Based Awards
 
Service-Based Awards
 
Performance Vesting
 
Market Vesting
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value(1)
Outstanding at January 1, 2019
523

 
$
18.42

 
32

 
$
19.52

 
297

 
$
16.79

Granted
382

 
$
17.22

 
24

 
$
17.20

 
247

 
$
15.35

Settled
(177
)
 
$
17.81

 
(32
)
 
$
19.52

 
(50
)
 
$
12.03

Forfeited
(10
)
 
$
17.97

 
—

 
$
—

 
(6
)
 
$
16.55

Outstanding at June 30, 2019
718

 
$
17.94

 
24

 
$
17.20

 
488

 
$
16.55

 
 
 
 
 
 
 
 
 
 
 
 
Vested at June 30, 2019
75

 
$
18.79

 
1

 
$
17.20

 
3

 
$
18.58

Nonvested at June 30, 2019
643

 
$
17.84

 
23

 
$
17.20

 
485

 
$
16.54

_________________________________
(1)
An independent third-party valuation was performed contemporaneously with the issuance of grants.
Summary of Key Assumptions Used for Fair Value Computation During the six months ended June 30, 2019, the grant-date fair value of awards with market vesting conditions was calculated using a Monte Carlo simulation model with the following key assumptions:
Expected holding period
2.90 years

Risk-free rate of return
2.46
%
Expected dividend yield
5.12
%