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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Stock Options Activity

A summary of option activity under the Plan as of December 31, 2020, 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, 2020																		24,067						$	20.25
Granted																		—						—
Exercised																		(2,500)						16.60
Expired																		—						—
Forfeited																		—						—
Outstanding at December 31, 2020						$	—					0.25						21,567						$	20.67
Exercisable at December 31, 2020						$	—					0.25						21,567						$	20.67
Exercisable at December 31, 2019																		24,067						$	20.25

During 2019, in 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 “2019 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

During 2020, in 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 “2020 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						1,729,729						$	17.76
Thomas A. McGowan						405,405						$	17.76
Heath R. Fear						275,675						$	17.76

Schedule of Restricted Stock Activity

The following table summarizes all restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2020 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, 2020						321,006						$	17.19
Shares granted						211,476						13.21
Shares forfeited						(16,527)						17.46
Shares vested						(194,364)						17.42
Restricted shares outstanding at December 31, 2020						321,591						$	14.42

The following table summarizes the restricted share grants and vestings during the years ended December 31, 2020, 2019, and 2018:  

($ 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
2020						211,476						$	13.21					$	2,727
2019						154,440						15.84						2,270
2018						202,043						15.35						2,038

The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2020:  

						Number of Restricted Units						Weighted Average Grant Date Fair Value per unit
Restricted units outstanding at January 1, 2020						164,016						$	15.65
Restricted units granted						431,913						13.10
Restricted units vested						(104,733)						16.07
Restricted units outstanding at December 31, 2020						491,196						$	13.32

The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2020, 2019, and 2018:  

($ 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
2020						431,913						$	13.10					$	1,784
2019						84,987						14.11						749
2018						92,019						13.16						1,924

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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

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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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