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Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of share-based compensation, RSU and PRSU activity | The following table summarizes activity related to non-vested time-vesting RSUs and PRSUs, other than Outperformance Awards, during the three months ended March 31, 2020:
|  | Time-Vesting Awards |  | PRSUs |  | Total Share-Based Awards(1)
|  | 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, December 31, 2019 |  | 685,069 |  |  | $ | 22.48 |  |  | 925,076 |  |  | $ | 23.13 |  |  | 1,610,145 |  |  | $ | 22.86 |
Granted |  | 167,070 |  |  | 29.50 |  |  | 423,358 |  |  | 29.73 |  |  | 590,428 |  |  | 29.66 |
Vested(2) |  | (210,039 | ) |  | (22.49 | ) |  | (152,967 | ) |  | (22.25 | ) |  | (363,006 | ) |  | (22.39 | )
Forfeited / canceled |  | (2,123 | ) |  | (22.43 | ) |  | (9,436 | ) |  | (21.86 | ) |  | (11,559 | ) |  | (21.96 | )
Balance, March 31, 2020 |  | 639,977 |  |  | $ | 24.31 |  |  | 1,186,031 |  |  | $ | 25.61 |  |  | 1,826,008 |  |  | $ | 25.15 |
(1) | Total share-based awards excludes Outperformance Awards.
(2) | All vested share-based awards are included in basic EPS for the periods after each award’s vesting date. The estimated fair value of share-based awards that fully vested d uring the three months ended March 31, 2020 was $7,779. During the three months ended March 31, 2020, no RSUs were accelerated pursuant to the terms and conditions of the Omnibus Incentive Plan and related award agreements.
Schedule of share-based payment awards valuation assumptions | The grant-date fair values of the RSAs, time-vesting RSUs and PRSUs with performance condition vesting criteria are generally based on the closing price of our common stock on the grant date. However, the grant-date fair values for share-based awards with market condition vesting criteria are based on Monte-Carlo option pricing models. The following table summarizes the significant inputs utilized in these models for such awards granted during the three months ended March 31, 2020:
|  | For the Three Months Ended March 31, 2020
Expected volatility(1) |  | 17.2 | % | — | 17.3%
Risk-free rate |  | 0.85%
Expected holding period (years) |  | 2.09 |  | — | 2.84
(1) Expected volatility was estimated based on the historical volatility of INVH’s realized returns and the applicable index.
Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by type | During the three months ended March 31, 2020 and 2019, we recognized share-based compensation expense as follows:
|  | For the Three Months Ended March 31,
|  | 2020 |  | 2019
General and administrative |  | $ | 3,268 |  |  | $ | 4,920 |
Property management expense |  | 833 |  |  | 687 |
Total |  | $ | 4,101 |  |  | $ | 5,607 |
As of March 31, 2020, there is $31,580 of unrecognized share-based compensation expense related to non-vested share-based awards which is expected to be recognized over a weighted average period of 2.28 years.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + 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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