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Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Stock Based Compensation

Summary of the activity of the equity incentive plans excluding the 200,000 units

		Three Months Ended June 30,				Six Months Ended June 30,
		2016		2015		2016			2015
Restricted share grants		—		—		139,225			129,975
Per share grant price		—		—		$	21.74		$	24.60
Deferred compensation to be recognized over vesting period		—		—		$	3,027,000		$	3,197,000
Number of non-vested shares:
Non-vested beginning of period		605,000		540,285		538,755			480,995
Grants		—		—		139,225			129,975
Vested during period		—		(1,295	)	(72,730		)	(71,980		)
Forfeitures		—		—		(250		)	—

Non-vested end of period		605,000		538,990		605,000			538,990

The following information includes the 200,000 Units:

Average per share value of non-vested shares (based on grant price)		$	18.00		$	17.12		$	18.00		$	17.12

Value of shares vested during the period (based on grant price)		$	—		$	21,000		$	1,177,000		$	607,000

Average value of shares forfeited during the period (based on grant price)		$	—		$	—		$	21.05		$	—

The total charge to operations for all incentive plans is as follows:
Outstanding restricted stock grants		$	641,000		$	555,000		$	1,291,000		$	1,103,000
Outstanding restricted stock units		99,000			30,000			115,000			59,000
Total charge to operations		$	740,000		$	585,000		$	1,406,000		$	1,162,000