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Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2022
Share-based Payment Arrangement [Abstract] |
Summary of Stock Option Activity under Plan | The following table summarizes stock option activity under the 2012 Plan and 2021 Plan for the three months ended March 31, 2022 and 2021:
| For the Three Months Ended March 31, |  |  |  |
| 2022 |  | 2021 |  |  |  |
Options outstanding at beginning of period | 824,300 |  |  | 1,090,300 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (18,750) |  |  | (60,000) |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Options outstanding at end of period | 805,550 |  |  | 1,030,300 |  |  |  |  |
Options exercisable at end of period | 800,550 |  |  | 992,800 |  |  |  |  |
Summary of Restricted Share Units Activity Under Plan | The following table summarizes RSU activity under the 2012 Plan and 2021 Plan for the three months ended March 31, 2022 and 2021:
| For the Three Months Ended March 31,
| 2022 |  | 2021
RSUs outstanding at beginning of period | 1,050,599 |  |  | 651,537 |
Awarded | 395,759 |  |  | 453,560 |
Vested | (335,826) |  |  | (164,203) |
Forfeited | (19,523) |  |  | (12,399) |
RSUs outstanding at end of period | 1,091,009 |  |  | 928,495 |
Summary of Performance Share Units Activity Under Plan | The following table summarizes PSU activity under the 2012 Plan and 2021 Plan for the three months ended March 31, 2022 and 2021:
| For the Three Months Ended March 31,
| 2022 |  | 2021
PSUs outstanding at beginning of period | 92,319 |  |  | — |
Awarded | 202,104 |  |  | 92,319 |
Vested | — |  |  | — |
Forfeited | — |  |  | — |
PSUs outstanding at end of period | 294,423 |  |  | 92,319 |
Summary of Activity in Noncash Share-Based Compensation Expense | The following table summarizes the activity related to the Company’s noncash share-based compensation expense for the three months ended March 31, 2022 and 2021 (amounts in thousands):
| For the Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
General and administrative expense | $ | 4,030 |  |  | $ | 4,342 |  |  |  |  |
Property management expenses | 999 |  |  | 999 |  |  |  |  |
Acquisition and other transaction costs | 2,376 |  |  | 2,769 |  |  |  |  |
Total noncash share-based compensation expense | $ | 7,405 |  |  | $ | 8,110 |  |  |  |  |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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=120381028&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=122041274&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=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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 (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + 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 (c) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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