Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

The following is a summary of the activity of the equity incentive plans excluding, except as otherwise noted, the 200,000 Units:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015			2014
Restricted share grants	—		—			129,975			118,850
Per share grant price	—		—			$	24.60		$	20.54
Deferred compensation to be recognized over vesting period	—		—			$	3,197,000		$	2,441,000
Number of non-vested shares:
Non-vested beginning of period	538,990		481,045			480,995			470,015
Grants	—		—			129,975			118,850
Vested during period	—		—			(71,980		)	(101,300		)
Forfeitures	—		(50		)	—			(6,570		)

Non-vested end of period	538,990		480,995			538,990			480,995


The following information includes the 200,000 Units:

Average per share value of non-vested shares (based on grant price)	$	17.12	$	14.55		$	17.12		$	14.55


Value of shares vested during the period (based on grant price)	$	—	$	—		$	607,000		$	621,000


The total charge to operations for all incentive plans is as follows:
Outstanding restricted stock grants	$	550,000	$	419,000		$	1,653,000		$	1,281,000
Outstanding restricted stock units	30,000		29,000			89,000			87,000

Total charge to operations	$	580,000	$	448,000		$	1,742,000		$	1,368,000