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Share-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2019:
For the Nine Months Ended
September 30,
 20202019
Options outstanding at beginning of period1,529,800 2,252,275 
Granted— 20,000 
Exercised(333,650)(698,525)
Forfeited(2,850)(12,350)
Options outstanding at end of period1,193,300 1,561,400 
Options exercisable at end of period1,049,200 1,194,750 
Summary of Restricted Stock Units Activity Under Plan The following table summarizes RSU activity under the Plan for the nine months ended September 30, 2020 and 2019:
For the Nine Months Ended
September 30,
 20202019
RSUs outstanding at beginning of period599,109 372,375 
Units awarded470,147 345,334 
Units vested(207,947)(111,000)
Units forfeited(42,565)(11,900)
RSUs outstanding at end of period818,744 594,809 
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 nine months ended September 30, 2020 and 2019 (in thousands):
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2020201920202019
General and administrative expense$1,723 $938 $4,741 $2,520 
Property management expenses447 350 1,327 989 
Total noncash share-based compensation expense$2,170 $1,288 $6,068 $3,509