XML 74 R52.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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 |  | 2023 |  | 2022 |  | 2021
Performance LTIP units |  | Advisory services fee |  | $ | 783 |  |  | $ | 1,158 |  |  | $ | 1,128 |
LTIP units |  | Advisory services fee |  | 435 |  |  | 569 |  |  | 1,119 |
LTIP units |  | Corporate, general and administrative |  | 15 |  |  | 32 |  |  | 22 |
LTIP units - independent directors |  | Corporate, general and administrative |  | 475 |  |  | 413 |  |  | 397 |
|  |  |  | $ | 1,708 |  |  | $ | 2,172 |  |  | $ | 2,666 |
The following table summarizes the stock-based compensation expense (in thousands):
|  | Year Ended December 31,
Line Item |  | 2023 |  | 2022 |  | 2021
Advisory services fee |  | $ | 1,446 |  |  | $ | 2,509 |  |  | $ | 3,716 |
Management fees |  | 10 |  |  | 56 |  |  | 199 |
Corporate, general and administrative |  | 89 |  |  | 163 |  |  | 151 |
Corporate, general and administrative - independent directors |  | 170 |  |  | 90 |  |  | 186 |
|  | $ | 1,715 |  |  | $ | 2,818 |  |  | $ | 4,252 |
The following table summarizes the compensation expense (in thousands):
|  | Year Ended December 31,
Line Item |  | 2023 |  | 2022 |  | 2021
Advisory services fee |  | $ | 604 |  |  | $ | 1,008 |  |  | $ | 3,177 |
Summary of Restricted Stock Unit Activity | A summary of our restricted stock activity is as follows (shares in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| Units |  | Weighted Average Price at Grant |  | Units |  | Weighted Average Price at Grant |  | Units |  | Weighted Average Price at Grant
Outstanding at beginning of year | 121 |  |  | $ | 20.63 |  |  | 231 |  |  | $ | 30.76 |  |  | 17 |  |  | $ | 306.10 |
Restricted stock granted | 42 |  |  | 4.01 |  |  | 19 |  |  | 5.59 |  |  | 251 |  |  | 25.38 |
Restricted stock vested | (114) |  |  | 23.06 |  |  | (125) |  |  | 36.70 |  |  | (33) |  |  | 126.09 |
Restricted stock forfeited | — |  |  | — |  |  | (4) |  |  | 31.88 |  |  | (4) |  |  | 76.73 |
Outstanding at end of year | 49 |  |  | $ | 26.17 |  |  | 121 |  |  | $ | 20.63 |  |  | 231 |  |  | $ | 30.76 |
Summary of PSU Activity | A summary of our PSU activity is as follows (shares in thousands):
| Year Ended December 31, |  |  |  |
| 2023 |  | 2022 |  | 2021 |  |
| Units |  | Weighted Average Price at Grant |  | Units |  | Weighted Average Price at Grant |  | Units |  | Weighted Average Price at Grant |  |  |  |
Outstanding at beginning of year | 136 |  |  | $ | 29.04 |  |  | 139 |  |  | $ | 34.81 |  |  | 13 |  |  | $ | 377.90 |  |  |  |  |
PSUs granted | 164 |  |  | 4.93 |  |  | 34 |  |  | 12.09 |  |  | 134 |  |  | 29.70 |  |  |  |  |
PSUs vested | (76) |  |  | 29.70 |  |  | (33) |  |  | 29.70 |  |  | — |  |  | — |  |  |  |  |
PSUs canceled | (25) |  |  | 29.70 |  |  | (4) |  |  | 80.00 |  |  | (8) |  |  | 627.36 |  |  |  |  |
Outstanding at end of year | 199 |  |  | $ | 7.81 |  |  | 136 |  |  | $ | 29.04 |  |  | 139 |  |  | $ | 34.81 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration