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Shareholders' Equity and Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Dividends Declared
Common Stock. On June 20, 2019, the Company’s Board of Directors effected a 1-for-3 reverse stock split of its common stock whereby every three common shares issued and outstanding as of the close of market on that date were converted into one common share. As a result, the number of common shares outstanding was reduced by 49,210,493, including fractional shares redeemed for cash in lieu of shares. All references to common shares, per common share amounts, and restricted stock have been restated to reflect the effect of the reverse stock split for all periods presented. In addition, the number of authorized shares of the Company’s common stock was also reduced from 200 million to 90 million. The par value of each share of common stock remained unchanged.

The following table summarizes information regarding monthly dividend declarations on the Company’s common stock during the year ended December 31, 2019:
Year Ended
December 31, 2019
Declaration Date
Amount Declared (1)
Record DatePayment Date
January 7, 2019$0.18  January 18, 2019January 31, 2019
January 28, 20190.18  February 14, 2019February 28, 2019
March 12, 20190.18  March 22, 2019April 1, 2019
April 10, 20190.18  April 22, 2019May 1, 2019
May 16, 20190.18  May 28, 2019June 7, 2019
June 6, 20190.18  June 26, 2019July 3, 2019
July 8, 20190.18  July 22, 2019August 1, 2019
August 12, 20190.15  August 22, 2019September 3, 2019
September 11, 20190.15  September 23, 2019October 1, 2019
October 11, 20190.15  October 21, 2019November 1, 2019
November 12, 20190.15  November 22, 2019December 2, 2019
December 11, 20190.15  December 23, 2019January 2, 2020
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity The following table presents a rollforward of the restricted stock activity for the periods indicated:
Year Ended
December 31,
 201920182017
Shares (1)
Weighted Average Grant Date Fair Value Per Share (1)
Shares (1)
Weighted Average Grant Date Fair Value Per Share (1)
Shares (1)
Weighted Average Grant Date Fair Value Per Share (1)
Restricted stock outstanding as of beginning of period (2)
113,904  $19.19  117,701  $21.02  184,465  $22.65  
Restricted stock granted68,004  18.09  71,053  18.95  46,056  20.28  
Restricted stock vested (2)
(62,695) 19.20  (74,850) 21.85  (112,820) 23.37  
Restricted stock outstanding as of end of period (2)
119,213  $18.56  113,904  $19.19  117,701  $21.02