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Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-Based Award Activity

The following table summarizes the stock-based award activity for the years ended December 31, 2018, 2017 and 2016:

 

 

 

Restricted Stock Awards

 

 

Weighted-Average

Grant Date Fair Value Per Restricted Stock Award

 

 

RSU Awards

 

 

Weighted-Average Grant Date Fair Value Per RSU

 

Outstanding as of December 31, 2015

 

 

280,080

 

 

$

15.49

 

 

 

359,025

 

 

$

7.91

 

Granted

 

 

88,915

 

 

 

11.83

 

 

 

216,750

 

 

 

9.50

 

Vested

 

 

(16,202

)

 

 

15.16

 

 

 

-

 

 

 

-

 

Outstanding as of December 31, 2016

 

 

352,793

 

 

$

14.57

 

 

 

575,775

 

 

$

8.51

 

Granted

 

 

115,030

 

 

 

11.18

 

 

 

243,750

 

 

 

9.98

 

Vested

 

 

(148,636

)

 

 

14.39

 

 

 

-

 

 

 

-

 

Cancelled

 

 

(5,368

)

 

 

15.00

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

(158,927

)

 

 

6.53

 

Outstanding as of December 31, 2017

 

 

313,819

 

 

$

13.42

 

 

 

660,598

 

 

$

9.52

 

Granted

 

 

46,788

 

 

 

11.14

 

 

 

937

 

 

 

11.13

 

Vested

 

 

(207,690

)

 

 

14.47

 

 

 

(8,312

)

 

 

9.35

 

Forfeited

 

 

(12,299

)

 

 

11.52

 

 

 

(194,598

)

 

 

9.00

 

Outstanding as of December 31, 2018

 

 

140,618

 

 

$

11.28

 

 

 

458,625

 

 

$

9.75

 

Summary of Share Based Compensation Expense

The table below summarizes compensation expense related to share-based payments, included in general and administrative expenses, for the years ended December 31, 2018, 2017 and 2016 (in thousands):

 

 

 

2018

 

 

2017

 

 

2016

 

Restricted stock

 

$

1,534

 

 

$

1,892

 

 

$

1,605

 

Restricted stock units

 

 

1,871

 

 

 

1,495

 

 

 

950

 

Stock-based compensation

 

$

3,405

 

 

$

3,387

 

 

$

2,555