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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity under Plan The following table summarizes stock option activity under the Plan for the six months ended June 30, 2020 and 2019:
For the Six Months Ended
 June 30, 2020June 30, 2019
Options outstanding at beginning of period1,529,800  2,252,275  
Granted—  20,000  
Exercised(255,550) (650,375) 
Forfeited(2,850) (12,350) 
Options outstanding at end of period1,271,400  1,609,550  
Options exercisable at end of period1,124,800  1,240,400  
Summary of Restricted Stock Units Activity Under Plan The following table summarizes RSU activity under the Plan for the six months ended June 30, 2020 and 2019:
For the Six Months Ended
 June 30, 2020June 30, 2019
RSUs outstanding at beginning of period599,109  372,375  
Units awarded461,279  343,334  
Units vested(206,597) (110,900) 
Units forfeited(39,995) (8,700) 
RSUs outstanding at end of period813,796  596,109  
Summary of Activity in Noncash Share-Based Compensation Expense The following table summarizes the activity that relates to the Company’s noncash share-based compensation expense for the three and six months ended June 30, 2020 and 2019 (in thousands):
For the Three Months EndedFor the Six Months Ended
June 30, 2020June 30, 2019June 30, 2020June 30, 2019
General and administrative expense$1,649  $923  $3,018  $1,582  
Property management expenses441  346  880  639  
Total noncash share-based compensation expense$2,090  $1,269  $3,898  $2,221