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STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
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Sep. 30, 2021
STOCKHOLDERS' EQUITY |
Schedule of dividend distributions | The following table details the Company’s dividend activity for the nine months ended September 30, 2021 and 2020 (amounts in thousands, except per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Total |  | ​ |  | ​ |  | Dividend Paid |  | ​ | Cash |  | Stock
Declaration Date (a) |  | ​ | Dividend |  | Payable Date |  | Record Date |  | Cash % |  | Stock % |  | ​ | Issued |  | Issued
March 12, 2021 | ​ | $ | 9,329 | ​ | April 7, 2021 | ​ | March 24, 2021 | ​ | 100.0 | ​ | n/a | ​ | $ | 9,329 | ​ | n/a
June 10, 2021 | ​ | $ | 9,330 | ​ | July 9, 2021 | ​ | June 25, 2021 | ​ | 100.0 | ​ | n/a | ​ | $ | 9,330 | ​ | n/a
September 14, 2021 | ​ | $ | 9,398 | ​ | October 7, 2021 | ​ | September 27, 2021 | ​ | 100.0 | ​ | n/a | ​ | $ | 9,398 | ​ | n/a
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 13, 2020 | ​ | $ | 9,037 | ​ | April 7, 2020 | ​ | March 24, 2020 | ​ | 100.0 | ​ | n/a | ​ | $ | 9,037 | ​ | n/a
June 10, 2020 (b)(c) | ​ | $ | 9,068 | ​ | July 31, 2020 | ​ | June 22, 2020 | ​ | 50.0 | ​ | 50.0 | ​ | $ | 4,537 | ​ | 263
September 9, 2020 (b)(d) | ​ | $ | 9,198 | ​ | October 29, 2020 | ​ | September 21, 2020 | ​ | 75.0 | ​ | 25.0 | ​ | $ | 6,901 | ​ | 141
(a) | A dividend of $0.45 per share was declared in each period indicated.
(b) | Stockholders were entitled to elect whether the dividend payable to them would be paid in cash or shares of the Company’s common stock at the percentages indicated, subject to certain limitations.
(c) | The shares of common stock issued were valued at approximately $17.22 per share.
(d) | The shares of common stock issued were valued at approximately $16.27 per share.
Schedule of equity incentive plans | The following is a summary of the activity of the equity incentive plans:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020
Restricted stock grants: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of shares | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 151,500 | ​ | ​ | 149,550
Average per share grant price | ​ | $ | — | ​ | $ | — | ​ | $ | 20.34 | ​ | $ | 28.10
Deferred compensation to be recognized over vesting period | ​ | $ | — | ​ | $ | — | ​ | $ | 3,082,000 | ​ | $ | 4,202,000
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of non-vested shares: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-vested beginning of period | ​ | ​ | 707,050 | ​ | ​ | 701,675 | ​ | ​ | 701,675 | ​ | ​ | 674,250
Grants | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 151,500 | ​ | ​ | 149,550
Vested during period | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (145,725) | ​ | ​ | (122,125)
Forfeitures | ​ | ​ | (500) | ​ | ​ | — | ​ | ​ | (900) | ​ | ​ | —
Non-vested end of period | ​ | ​ | 706,550 | ​ | ​ | 701,675 | ​ | ​ | 706,550 | ​ | ​ | 701,675
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
RSU grants: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of underlying shares | ​ | ​ | 80,700 | ​ | ​ | 75,026 | ​ | ​ | 80,700 | ​ | ​ | 75,026
Average per share grant price | ​ | $ | 30.46 | ​ | $ | 17.31 | ​ | $ | 30.46 | ​ | $ | 17.31
Deferred compensation to be recognized over vesting period | ​ | $ | 1,647,000 | ​ | $ | 861,000 | ​ | $ | 1,647,000 | ​ | $ | 861,000
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Number of non-vested shares: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-vested beginning of period | ​ | ​ | 150,052 | ​ | ​ | 148,776 | ​ | ​ | 223,802 | ​ | ​ | 225,026
Grants | ​ | ​ | 80,700 | ​ | ​ | 75,026 | ​ | ​ | 80,700 | ​ | ​ | 75,026
Vested during period | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (73,750) | ​ | ​ | (24,343)
Forfeitures | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (51,907)
Non-vested end of period | ​ | ​ | 230,752 | ​ | ​ | 223,802 | ​ | ​ | 230,752 | ​ | ​ | 223,802
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Restricted stock and RSU grants (based on grant price): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average per share value of non-vested shares | ​ | $ | 25.04 | ​ | $ | 24.98 | ​ | $ | 25.04 | ​ | $ | 24.98
Value of stock vested during the period | ​ | $ | — | ​ | $ | — | ​ | $ | 5,165,000 | ​ | $ | 3,589,000
Weighted average per share value of shares forfeited during the period | ​ | $ | 24.84 | ​ | $ | — | ​ | $ | 24.57 | ​ | $ | 24.03
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total charge to operations: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding restricted stock grants | ​ | $ | 871,000 | ​ | $ | 885,000 | ​ | $ | 2,859,000 | ​ | $ | 2,644,000
Outstanding RSUs | ​ | ​ | 292,000 | ​ | ​ | 251,000 | ​ | ​ | 1,332,000 | ​ | ​ | 797,000
Total charge to operations | ​ | $ | 1,163,000 | ​ | $ | 1,136,000 | ​ | $ | 4,191,000 | ​ | $ | 3,441,000

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