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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Stock Options Activity

n connection with its annual review of executive compensation and as described in the table below, the Compensation Committee of the Company's Board of Trustees approved an aggregate grant of AO LTIP Units (the “awards”) to the Company’s executive officers under the Plan. 

Executive		Number of AO LTIP Units			Participation Threshold per AO LTIP Unit
John A. Kite		1,490,683			$	15.79
Thomas A. McGowan		372,671			$	15.79
Heath R. Fear		253,416			$	15.79
Scott E. Murray		186,335			$	15.79

A summary of option activity under the Plan as of December 31, 2019, and changes during the year then ended, is presented below: 

($ in thousands, except share and per share data)		Aggregate Intrinsic Value				Weighted-Average Remaining Contractual Term (in years)		Options			Weighted-Average Exercise Price
Outstanding at January 1, 2019								60,567			$	17.08
Granted								—			—
Exercised								(33,375	)		14.48
Expired								—			—
Forfeited								(3,125	)		17.00
Outstanding at December 31, 2019		$	12			1.13		24,067			$	20.25
Exercisable at December 31, 2019		$	12			1.13		24,067			$	20.25
Exercisable at December 31, 2018								60,567			$	17.08

Schedule of Restricted Stock Activity

The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2019:  

		Number of Restricted Units			Weighted Average Grant Date Fair Value per unit
Restricted units outstanding at January 1, 2019		124,662			$	17.60
Restricted units granted		84,987			14.11
Restricted units vested		(45,633	)		18.10
Restricted units outstanding at December 31, 2019		164,016			$	15.65

The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2019, 2018, and 2017:  

($ in thousands, except unit and per unit data)		Number of Restricted Units Granted			Weighted Average Grant Date Fair Value per Unit				Fair Value of Restricted Units Vested
2019		84,987			$	14.11			$	749
2018		92,019			13.16				1,924
2017		44,490			23.22				1,516

The following table summarizes all restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2019 and changes during the year then ended:  

		Number of Restricted Shares			Weighted Average Grant Date Fair Value per share
Restricted shares outstanding at January 1, 2019		313,288			$	18.99
Shares granted		154,440			15.84
Shares forfeited		(8,457	)		17.63
Shares vested		(138,269	)		19.74
Restricted shares outstanding at December 31, 2019		321,002			$	17.19

The following table summarizes the restricted share grants and vestings during the years ended December 31, 2019, 2018, and 2017:  

($ in thousands, except share and per share data)		Number of Restricted Shares Granted			Weighted Average Grant Date Fair Value per share				Fair Value of Restricted Shares Vested
2019		154,440			$	15.84			$	2,270
2018		202,043			15.35				2,038
2017		85,150			22.15				2,529

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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=116856206&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=116856206&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=116856206&loc=d3e5070-113901

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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.

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