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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Expense

We recorded compensation expense for Performance LTIP units and LTIP units as presented in the table below (in thousands):

												Year Ended December 31,
Type						Line Item						2022						2021						2020
Performance LTIP units						Advisory services fee						$	1,158					$	1,128					$	1,972
LTIP units						Advisory services fee						569						1,119						2,042
LTIP units						Corporate, general and administrative						32						22						—
LTIP units - independent directors						Corporate, general and administrative						413						397						816
												$	2,172					$	2,666					$	4,830

The following table summarizes the stock-based compensation expense (in thousands):

						Year Ended December 31,
Line Item						2022						2021						2020
Advisory services fee						$	2,509					$	3,716					$	3,897
Management fees						56						199						594
Corporate, general and administrative						163						151						298
Corporate, general and administrative - independent directors						90						186						147
						$	2,818					$	4,252					$	4,936

The following table summarizes the compensation expense (in thousands):

						Year Ended December 31,
Line Item						2022						2021						2020
Advisory services fee						$	1,008					$	3,177					$	958

Summary of Restricted Stock Unit Activity

A summary of our restricted stock activity is as follows (shares in thousands):

			Year Ended December 31,
			2022												2021												2020
			Units						Weighted Average Price at Grant						Units						Weighted Average Price at Grant						Units						Weighted Average Price at Grant
Outstanding at beginning of year			231						$	30.76					17						$	306.10					21						$	586.00
Restricted stock granted			19						5.59						251						25.38						17						115.50
Restricted stock vested			(125)						36.70						(33)						126.09						(16)						462.50
Restricted stock forfeited			(4)						31.88						(4)						76.73						(5)						348.90
Outstanding at end of year			121						$	20.63					231						$	30.76					17						$	306.10

Summary of PSU Activity

A summary of our PSU activity is as follows (shares in thousands):

			Year Ended December 31,
			2022												2021												2020
			Units						Weighted Average Price at Grant						Units						Weighted Average Price at Grant						Units						Weighted Average Price at Grant
Outstanding at beginning of year			139						$	34.81					13						$	377.90					16						$	582.00
PSUs granted			34						12.09						134						29.70						7						80.00
PSUs vested			(33)						29.70						—						—						—						—
PSUs forfeited			—						—						—						—						(7)						458.30
PSUs canceled			(4)						80.00						(8)						627.36						(3)						585.00
Outstanding at end of year			136						$	29.04					139						$	34.81					13						$	377.90

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&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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Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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