Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
The following table sets forth market based performance share unit transactions for the three months ended March 31, 2020:
 
Performance Restricted Stock Units
 
Weighted-Average Grant Date Fair Value
Nonvested - December 31, 2019
961,055

 
$
5.18

Granted
—

 
—

Vested
—

 
—

Forfeited
(338,259
)
 
5.40

Nonvested - March 31, 2020
622,796

 
$
5.06

The following table sets forth cash-settled restricted stock unit transactions for the three months ended March 31, 2020:
 
Cash-Settled Restricted Stock Units
 
Weighted-Average Grant Date Fair Value
Nonvested - December 31, 2019
412,921

 
$
3.47

Granted
—

 
—

Vested
(136,730
)
 
3.59

Forfeited
(182,249
)
 
3.40

Nonvested - March 31, 2020
93,942

 
$
3.46

The following table sets forth stock-settled time-based restricted stock unit transactions for the three months ended March 31, 2020:
 
Restricted Stock Units
 
Weighted-Average Grant Date Fair Value
Nonvested - December 31, 2019
1,360,070

 
$
4.28

Granted
—

 
—

Vested
(339,001
)
 
3.96

Forfeited
(374,367
)
 
4.35

Nonvested - March 31, 2020
646,702

 
$
4.40

The following table sets forth the restricted stock transactions for the three months ended March 31, 2020:
 
Restricted Stock
 
Weighted-Average Grant Date Fair Value
Nonvested - December 31, 2019
428,984

 
$
3.12

Granted
—

 
—

Vested
(403,816
)
 
3.13

Forfeited
—

 
—

Nonvested - March 31, 2020
25,168

 
$
2.98

Schedule of Assumptions Used to Value the Market Based Performance Awards
The following weighted-average assumptions were used to value the market based performance awards:
 
Three Months Ended
March 31, 2019
Expected volatility
68.1
%
Risk-free interest rate
2.2
%
Dividend yield
—
%
Expected life (years)
2.77