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Management Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Service-Based RSUs  
Schedule of nonvested restricted stock units activity
The following table summarizes our service-based RSU activity:
 
Awards
 
Weighted-Average
Grant Date
Fair Values
Unvested at January 1, 2018
176,965

 
$
13.25

Granted
81,574

 
13.37

Vested
(77,084
)
 
13.25

Forfeited
(8,368
)
 
13.32

Unvested at December 31, 2018
173,087

 
$
13.30

Granted
268,851

 
6.32

Vested
(103,381
)
 
12.99

Forfeited
(9,982
)
 
8.58

Unvested at December 31, 2019
328,575

 
$
7.83
Performance-Based RSUs  
Schedule of nonvested restricted stock units activity
The following table summarizes our PRSU activity:
 
Awards
 
Weighted-Average
Grant Date
Fair Values
Unvested at January 1, 2018
66,500

 
$
13.25

Granted
61,307

 
13.44

Vested
—

 
—

Forfeited
(3,750
)
 
13.25

Unvested at December 31, 2018
124,057

 
$
13.34

Granted
6,000

 
4.98

Vested
—

 
—

Forfeited
(67,750
)
 
13.27

Unvested at December 31, 2019
62,307

 
$
12.62
Market Based Awards  
Schedule of nonvested restricted stock units activity
The following table summarizes our MRSU activity for the fiscal years ended December 31, 2019 and December 31, 2018:
 
Awards
 
Weighted-Average
Grant Date
Fair Values
Unvested at January 1, 2018
146,500

 
$
6.58

Granted
—

 
—

Vested
—

 
—

Forfeited
(6,000
)
 
6.58

Unvested at December 31, 2018
140,500

 
$
6.58

Granted
—

 
—

Vested
—

 
—

Forfeited
(15,500
)
 
6.58

Unvested at December 31, 2019
125,000

 
$
6.58
Schedule of share-based payment award, stock options, valuation assumptions
The table below sets forth the assumptions used within the Monte Carlo simulation model to value the MRSU awards:
Risk-free interest rate
1.56
%
Dividend yield
0
%
Remaining performance period (years)
3.92

Expected volatility
28.54
%
Estimated grant date fair value (per share)
$
6.58

Derived service period (years)
1.96