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Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

Stock Based Compensation

Summary of the activity of the equity incentive plans

		Three Months Ended June 30,						Six Months Ended June 30,
		2017			2016			2017			2016
Restricted stock grants		—			—			140,100			139,225
Per share grant price		—			—			$	24.75		$	21.74
Deferred compensation to be recognized over vesting period		—			—			$	3,467,000		$	3,027,000

Number of non-vested shares:
Non-vested beginning of period		626,400			605,000			591,750			538,755
Grants		—			—			140,100			139,225
Vested during period		(13,500		)	—			(118,450		)	(72,730		)
Forfeitures		—			—			(500		)	(250		)

Non-vested end of period		612,900			605,000			612,900			605,000


The following information includes the 200,000 Units:
Average per share value of non-vested shares (based on grant price)		$	22.75		$	18.00		$	22.75		$	18.00

Value of stock vested during the period (based on grant price)		$	1,248,000		$	—		$	3,008,000		$	1,177,000

Average per share value of shares forfeited during the period (based on grant price)		$	8.29		$	—		$	8.37		$	21.05


The total charge to operations for all incentive plans is as follows:
Outstanding restricted stock grants		$	878,000		$	641,000		$	1,571,000		$	1,291,000
Outstanding restricted stock units		37,000			99,000			86,000			115,000

Total charge to operations		$	915,000		$	740,000		$	1,657,000		$	1,406,000