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Management Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2020
RSUs  
Schedule of Share-based Awards Activity
The following table summarizes our service-based RSU activity:
AwardsWeighted-Average
Grant Date
Fair Values
Unvested at January 1, 2019173,087 $13.30 
Granted268,851 6.32 
Vested(103,381)12.99 
Forfeited(9,982)8.58 
Unvested at December 31, 2019328,575 $7.83 
Granted178,633 2.64 
Vested(211,300)8.12 
Forfeited(10,109)6.80 
Unvested at December 31, 2020285,799 $6.32 
PRSUs  
Schedule of Share-based Awards Activity
The following table summarizes our PRSU activity:
AwardsWeighted-Average
Grant Date
Fair Values
Unvested at January 1, 2019124,057 $13.34 
Granted6,000 4.98 
Vested— — 
Forfeited(67,750)13.27 
Unvested at December 31, 201962,307 $12.62 
Granted96,500 3.67 
Vested— — 
Forfeited(59,307)12.95 
Unvested at December 31, 202099,500 $4.23 
MRSUs  
Schedule of Share-based Awards Activity The following table summarizes our MRSU activity for the fiscal years ended December 31, 2020 and December 31, 2019:
AwardsWeighted-Average
Grant Date
Fair Values
Unvested at January 1, 2019140,500 $6.58 
Granted— — 
Vested— — 
Forfeited(15,500)6.58 
Unvested at December 31, 2019125,000 $6.58 
Granted— — 
Vested— — 
Forfeited(22,500)6.58 
Unvested at December 31, 2020102,500 $8.26 
Schedule of Assumptions Used to Value MRSUs
The table below sets forth the assumptions used within the initial Monte Carlo simulation model to value the MRSU awards:
Risk-free interest rate1.56 %
Dividend yield0 %
Remaining performance period (years)3.92
Expected volatility28.54 %
Estimated grant date fair value (per share)$6.58 
Derived service period (years)1.96