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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

Stock option activity from January 1, 2019 to March 31, 2019 follows:

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Underlying

 

 

Exercise Price

 

 

Shares

 

 

Per Share

 

Outstanding at January 1, 2019

 

5,501,150

 

 

$

19.63

 

Exercised

 

 

 

$

-

 

Expired

 

 

 

$

-

 

Outstanding at March 31, 2019

 

5,501,150

 

 

$

19.63

 

Exercisable at March 31, 2019

 

5,432,679

 

 

$

19.64

 

Restricted Stock Activity

Restricted stock activity from January 1, 2019 to March 31, 2019 follows:

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average Grant

 

 

 

 

 

 

Date Fair Value

 

 

Shares

 

 

Per Share

 

Non-vested restricted stock outstanding at January 1, 2019

 

436,224

 

 

$

21.41

 

Vested

 

(64,494

)

 

$

20.61

 

Forfeited

 

(1,033

)

 

$

21.71

 

Non-vested restricted stock outstanding at March 31, 2019

 

370,697

 

 

$

21.55

 

Restricted Stock Unit Activity

Restricted stock unit activity from January 1, 2019 to March 31, 2019 follows:

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average Grant

 

 

Time

 

 

Performance

 

 

Date Fair Value

 

 

Based

 

 

Based

 

 

Per Share

 

Non-vested restricted stock units outstanding at January 1, 2019

 

2,602,608

 

 

 

435,315

 

 

$

18.95

 

Granted

 

101,448

 

 

 

 

 

$

10.35

 

Vested

 

(38,615

)

 

 

 

 

$

22.95

 

Forfeited

 

(46,738

)

 

 

 

 

$

19.23

 

Non-vested restricted stock units outstanding at March 31, 2019

 

2,618,703

 

 

 

435,315

 

 

$

18.61

 

Performance Units

The total target number of shares with respect to the Performance Units for the awards granted in 2015-2018 is set forth below:

 

 

2018

 

 

2017

 

 

2016

 

 

2015

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Target number of shares

 

310,700

 

 

 

186,198

 

 

 

185,000

 

 

 

190,600

 

Fair Value of Performance Units The fair value of the Performance Units is set forth below (in thousands):

 

 

2018

 

 

2017

 

 

2016

 

 

2015

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Fair value at date of grant

$

8,004

 

 

$

5,780

 

 

$

3,854

 

 

$

4,052

 

 

Compensation Expense Associated with Performance Units Compensation expense associated with the Performance Units is shown below (in thousands):

 

 

2018

 

 

2017

 

 

2016

 

 

2015

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Three months ended March 31, 2019

$

667

 

 

$

482

 

 

$

321

 

 

NA

 

Three months ended March 31, 2018

NA

 

 

$

482

 

 

$

321

 

 

$

338