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Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-based compensation, performance shares award outstanding activity | The following table summarizes the activity related to the Class B Units for the three months ended March 31, 2017:
|  | Class B Units
|  | Employee |  | Non-employee |  | Total Class B Units
|  | Number of Units |  | Weighted Average Fair Value |  | Number of Units |  | Weighted Average Fair Value |  | Number of Units |  | Weighted Average Fair Value
Balance, December 31, 2016 |  | 9,915 |  |  | $ | 4.2 |  |  | 39,638 |  |  | $ | 2.5 |  |  | 49,553 |  |  | $ | 2.9 |
Granted |  | 85 |  |  | 14.0 |  |  | 9,753 |  |  | — |  |  | 9,838 |  |  | 0.1 |
Converted to RSAs |  | (245 | ) |  | (3.4 | ) |  | (485 | ) |  | (0.8 | ) |  | (730 | ) |  | (1.7 | )
Canceled |  | (555 | ) |  | (8.2 | ) |  | (17,114 | ) |  | (0.4 | ) |  | (17,669 | ) |  | (0.6 | )
Converted to Units of affiliated entities |  | (9,200 | ) |  | (4.0 | ) |  | (31,792 | ) |  | (2.9 | ) |  | (40,992 | ) |  | (3.2 | )
Balance, March 31, 2017 |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Schedule of share-based compensation, restricted stock and restricted stock units | The following tables summarize the status of non-vested RSUs and RSAs as of March 31, 2017 and changes during the period from January 31, 2017 through March 31, 2017:
|  | RSUs |  | RSAs |  | Total Share-Based Awards
|  | Number |  | Weighted Average Grant Date Fair Value (Actual $) |  | Number |  | Weighted Average Grant Date Fair Value (Actual $) |  | Number |  | Weighted Average Grant Date Fair Value (Actual $)
Balance, January 1, 2017 |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Granted |  | 3,290,126 |  |  | 20.00 |  |  | 62,529 |  |  | 15.50 |  |  | 3,352,655 |  |  | 19.92 |
Vested(1) |  | (1,405,070 | ) |  | (20.00 | ) |  | (51,039 | ) |  | (15.88 | ) |  | (1,456,109 | ) |  | (19.86 | )
Forfeited |  | (51,252 | ) |  | (20.00 | ) |  | — |  |  | — |  |  | (51,252 | ) |  | (20.00 | )
Balance, March 31, 2017 |  | 1,833,804 |  |  | $ | 20.00 |  |  | 11,490 |  |  | $ | 13.83 |  |  | 1,845,294 |  |  | $ | 19.96 |
(1) | All vested RSAs and RSUs are included in basic EPS for the period during which they are outstanding. However, the vested RSUs will not settle with the individual awardees until July 30, 2017, and therefore are not included in legally outstanding shares of common stock as of March 31, 2017.
Schedule of compensation cost for share-baed payment arrangements, allocation of share-based compensation costs by plan | During the three months ended March 31, 2017 and 2016, we recognized $44,244 and $4,206 respectively, of share-based compensation expense, comprised of the following:
|  | Share-Based Compensation Expense for the Three Months Ended March 31, |  |
|  | 2017 |  | 2016 |  |
|  | General and Administrative |  | Property Management Expense |  | General and Administrative |  | Property Management Expense |  | Unrecognized Expense at March 31, 2017
Class B Units |  | $ | 11,998 |  |  | $ | 3 |  |  | $ | 4,051 |  |  | $ | 155 |  |  | $ | — |
RSUs |  | 28,463 |  |  | 4,020 |  |  | — |  |  | — |  |  | 32,294 |
RSAs |  | (190 | ) |  | (50 | ) |  | — |  |  | — |  |  | 28 |
Total |  | $ | 40,271 |  |  | $ | 3,973 |  |  | $ | 4,051 |  |  | $ | 155 |  |  | $ | 32,322 |

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 + Details
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- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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