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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

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- 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

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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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-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

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