XML 42 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900

Equity Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2015

Summary of SARs Activity of the Long Term Incentive Plan

A summary of the SARs activity of the Long Term Incentive Plan is presented below.

		2015								2014
		SARs				Weighted Average Exercise Price				SARs			Weighted Average Exercise Price
Outstanding, January 1,			72,000			$	8.20				-		$	-
Granted			300,000				9.35				80,000			8.20
Expired			-				-				-			-
Exercised			(2,000	)			8.20				-			-
Forfeited			(19,000	)			9.11				(8,000	)		-
Outstanding, December 31,			351,000			$	9.13				72,000		$	8.20
SARs exercisable at December 31,			22,000								-

Schedule of Assumptions Used in Computing the Fair Value of the SARs Issued Under Black-Scholes Option Pricing Model

Our assumptions used in computing the fair value of the SARs issued during the years ended December 31, 2015 and 2014, using the Black-Scholes Option Pricing Model, were as follows:

		As of December 31
		2015				2014
Stock Price		$	7.51			$	9.31
Strike Price		$                   8.20-9.35				$	8.20
Risk-free interest rate		1.1 - 1.2%					1.1	%
Dividend yield			9.6	%			7.7	%
Volatility			34	%			21	%
Expected term		1.7 - 2.5 years				2.5 years

SARs

Schedule Of Stock Options Outstanding And Exercisable

The following table summarizes information about the SARs outstanding and exercisable as of December 31, 2015:

		SARs Outstanding						SARs Exercisable
Exercise Price		Number Outstanding				Weighted Average Remaining Contractual Life		Number Exercisable				Weighted Average Remaining Contractual Life
$8.20 - 9.35			351,000			3.9			22,000			3.1

Restricted Stock

Summary of Restricted Common Share Awards of Incentive Award Plan

A summary of the restricted common share awards as of December 31, 2015 and 2014 of the Incentive Award Plan is presented below.

	2015								2014
	Number of Shares				Weighted Average Grant Date Fair Value Per Share				Number of Shares				Weighted Average Grant Date Fair Value Per Share
Balance, January 1,		36,000			$	8.20				-			$	-
Granted		112,000				9.30				49,000				8.34
Vested		(24,000	)			8.55				(13,000	)			8.72
Forfeited		(7,000	)			9.02				-				-
Balance, December 31,		117,000			$	9.13				36,000			$	8.20

X

- Definition

Schedule of stock options outstanding and exercisable.

+ References

No definition available.

+ Details

Name:	irt_ScheduleOfStockOptionsOutstandingAndExercisableTableTextBlock
Namespace Prefix:	irt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: