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EQUITY-BASED COMPENSATION PLANS
 6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
EQUITY-BASED COMPENSATION PLANS EQUITY-BASED COMPENSATION PLANS


The Company has three equity-based compensation plans: 2018 Equity Incentive Plan; Earnout Incentive Plan; and 2014 Management Incentive Plan. Total equity-based compensation expense for the quarters ended June 30, 2019 and June 30, 2018 was approximately $1.0 million and $0.6 million, respectively, and was $2.2 million and $0.8 million for the six months ended June 30, 2019 and June 30, 2018, respectively. This expense is included in Salary and employee benefits in the accompanying unaudited condensed consolidated statements of operations. Expense recognized by plan was as follows:

(in thousands)
 
Quarter Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
2018 Equity Incentive Plan
 
$
841

 
$
—

 
$
1,765

 
$
—

2014 Management Incentive Plan
 
182

 
607

 
418

 
795

Earnout Incentive Plan
 
—

 
—

 
—

 
—

Total
 
$
1,023

 
$
607

 
$
2,183

 
$
795





Grants under the 2018 Equity Incentive Plan began to vest in July 2019.

Beginning in 2018, the Company elected to recognize the effects of forfeitures on compensation expense as the forfeitures occur for all plans.