Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of grants of share-based awards

We currently have one active long-term incentive plan: the 2005 Long-Term Incentive Plan, as amended and restated (the “2005 Incentive Plan”). As of March 31, 2020, there were 7.0 million shares of our common stock available for issuance under the 2005 Incentive Plan. During the three-month period ended March 31, 2020, the following grants of share-based awards were made under the 2005 Incentive Plan:

Date of Grant	Shares/ Units	Grant Date Fair Value Per Share/Unit		Vesting Period
January 2, 2020 (1)	369,938	$	9.63	33% per year over three years
January 2, 2020 (2)	369,938	13.15		100% on January 2, 2023
January 2, 2020 (3)	5,679	9.63		100% on January 1, 2022

(1) Reflects grants of restricted stock to our executive officers and select management employees.

(2) Reflects grants of performance share units (“PSUs”) to our executive officers and select management employees. The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum amount of the award being 200% of the original PSU awards and the minimum amount being zero.

(3) Reflects grants of restricted stock to certain independent members of our Board of Directors who have elected to take their quarterly fees in stock in lieu of cash.