Annual report pursuant to Section 13 and 15(d)

Management Incentive Plans (Tables)

v3.19.1
Management Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2018
Service Based Restricted Stock Units [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes our service-based RSU activity for the fiscal years ended December 31, 2018 and December 31, 2017:
 
 
 
Awards
 
 
Weighted-Average
Grant Date

Fair Values
 
Unvested at 
January 1, 2017
 
 
-
 
 
 
-
 
Granted
 
 
226,867
 
 
$
13.25
 
Vested
 
 
(49,902
)
 
 
13.25
 
Forfeited
 
 
-
 
 
 
-
 
Unvested at December 31, 2017
 
 
176,965
 
 
$
13.25
 
Granted
 
 
81,574
 
 
$
13.37
 
Vested
 
 
(77,084
)
 
 
13.25
 
Forfeited
 
 
(8,368
)
 
 
13.32
 
Unvested at December 31, 2018
 
 
173,087
 
 
$
13.30
 
Performance Based Restricted Stock Units [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes our PRSU activity for the fiscal years ended December 31, 2018 and December 31, 2017:
 
 
 
Awards
 
 
Weighted-Average

Grant Date

Fair Values
 
Unvested at 
January 1, 2017
 
 
-
 
 
 
-
 
Granted
 
 
66,500
 
 
$
13.25
 
Vested
 
 
-
 
 
 
-
 
Forfeited
 
 
-
 
 
 
-
 
Unvested at December 31, 2017
 
 
66,500
 
 
$
13.25
 
Granted
 
 
61,307
 
 
$
13.44
 
Vested
 
 
-
 
 
 
-
 
Forfeited
 
 
(3,750
)
 
$
13.25
 
Unvested at December 31, 2018
 
 
124,057
 
 
$
13.34
 
Market Based Awards [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes our MRSU activity for the fiscal years ended December 31, 2018 and December 31, 2017:
 
 
 
Awards
 
 
Weighted-Average

Grant Date

Fair Values
 
Unvested at
 January 1, 2017
 
 
-
 
 
 
-
 
Granted
 
 
146,500
 
 
$
6.58
 
Vested
 
 
-
 
 
 
-
 
Forfeited
 
 
-
 
 
 
-
 
Unvested at December 31, 2017
 
 
146,500
 
 
$
6.58
 
   Granted
 
 
-
 
 
 
-
 
   Vested
 
 
-
 
 
 
-
 
   Forfeited
 
 
(6,000
)
 
$
6.58
 
Unvested at December 31, 2018
 
 
140,500
 
 
$
6.58
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The table below sets forth the assumptions used within the Monte Carlo simulation model to value the MRSU awards:
 
Risk-free interest rate
 
 
1.56
%
Dividend yield
 
 
0
%
Remaining performance period (years)
 
 
3.92
 
Expected volatility
 
 
28.54
%
Estimated grant date fair value (per share)
 
$
6.58
 
Derived service period (years)
 
 
1.96