Share-based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The weighted average assumptions used in the Monte Carlo simulation models are summarized in the following table:

	June 30, 2020		December 31, 2019
Closing share price	$6.96		$15.04
Expected dividend rate	0.0	%	5.9	%
Expected stock price volatility	67.4	%	22.6	%
Risk-free interest rate	0.2	%	1.6	%
Expected life (years)	1.50		2.00

The fair value of each grant for the reported periods is estimated on the date of grant using the Monte Carlo simulation model using the weighted average assumptions noted in the following table:

	Six Months Ended June 30,
	2020		2019
Closing share price	$13.09		$12.05
Expected dividend rate	6.7	%	7.3	%
Expected stock price volatility	23.3	%	22.9	%
Risk-free interest rate	0.9	%	2.5	%
Expected life (years)	2.85		2.85