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EQUITY-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Unrecognized Compensation Cost Total unrecognized compensation expense will be adjusted for forfeitures and the achievement of certain market-based conditions.
Unrecognized Compensation Expense Related to Outstanding Awards (in thousands)Remaining Weighted-Average Amortization Period (in years)
RSUs with service vesting conditions$8,689  1.9
RSUs with market vesting conditions3,963  2.4
Total unrecognized compensation expense$12,652  
Summary of Restricted Stock Award and Restricted Stock Unit Activity
RSU activity during the three months ended March 31, 2020, was as follows:
Performance-Based Awards -
Service-Based AwardsMarket Vesting
Number of
RSUs
(in thousands)
Weighted-
Average Grant-
Date Fair
Value
Number of
RSUs
(in thousands)
Weighted-
Average Grant-
Date Fair
Value
Outstanding at January 1, 2020928  $16.77  255  $16.56  
Granted248  $13.07  281  $11.67  
Settled(280) $17.73  (46) $18.58  
Forfeited(182) $16.99  (93) $15.39  
Outstanding at March 31, 2020714  $15.05  397  $13.15  
Vested at March 31, 202028  $14.50  —  $—  
Nonvested at March 31, 2020686  $15.08  397  $13.15  
Summary of Key Assumptions Used for Fair Value Computation During the three months ended March 31, 2020, the grant-date fair value of awards with market vesting conditions were calculated using a Monte Carlo simulation model with the following key assumptions:
Expected holding period2.92 years
Risk–free rate of return1.43 %
Expected dividend yield7.01 %