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Equity Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Equity Based Payments [Abstract]  
Schedule of Assumptions Used in Measurement of Grant Date Fair Value of Total Shareholder Return RSUs Using Monte Carlo Simulation Model

The grant date fair value of the TSR RSUs was measured using a Monte Carlo simulation model based on the following assumptions:

 

Volatility

 

 

18

%

Risk free rate

 

 

2.57

%

Schedule of Information about Equity Incentive Plan Activity

The following table presents information about Equity Incentive Plan activity during the three months ended March 31, 2019:

 

 

Restricted Stock Awards

 

 

Restricted Stock Units

 

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Units

 

 

Weighted Average Grant Date Fair Value

 

Unvested restricted common stock outstanding, January 1, 2019

 

 

691,290

 

 

$

13.68

 

 

 

 

 

$

 

Granted

 

 

46,368

 

 

 

14.12

 

 

 

89,314

 

 

23.07

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted common stock outstanding, March 31, 2019

 

 

737,658

 

 

$

13.71

 

 

 

89,314

 

 

$

23.07

 

Schedule of Information about Unvested Class B and Class D Units

The following table presents information about the unvested Class B and Class D units during the three months ended March 31, 2019 and 2018:

 

 

Class B Units

 

 

Class D Units

 

 

Total

 

Unvested units outstanding, January 1, 2018

 

 

6,940

 

 

 

2,400

 

 

 

9,340

 

Granted

 

 

 

 

 

 

 

 

 

Vested

 

 

(1,610

)

 

 

(600

)

 

 

(2,210

)

Forfeited

 

 

 

 

 

 

 

 

 

Unvested units outstanding, March 31, 2018

 

 

5,330

 

 

 

1,800

 

 

 

7,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested units outstanding, January 1, 2019

 

 

5,230

 

 

 

1,800

 

 

 

7,030

 

Granted

 

 

 

 

 

 

 

 

 

Vested

 

 

(1,610

)

 

 

(600

)

 

 

(2,210

)

Forfeited

 

 

 

 

 

 

 

 

 

Unvested units outstanding, March 31, 2019

 

 

3,620

 

 

 

1,200

 

 

 

4,820

 

Schedule of Per Unit Fair Value of Unvested Class D Units Estimated Using Assumptions as of Valuation Dates

The per unit fair value of unvested Class D units was estimated using the following assumptions as of March 31, 2018:

 

 

March 31, 2018

 

Volatility

 

 

45

%

Risk free rate

 

 

1.71

%

Marketability discount

 

 

15

%