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Compensation Plans | 6 Months Ended
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Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Compensation Plans | Compensation Plans Share-Based Payment Transactions The Company issues restricted stock units and restricted stock awards (collectively, "Restricted Stock") under its 2014 Equity and Cash Incentive Plan ("2014 Plan"). Restricted stock units represent common shares which may be issued in the future, whereas restricted stock awards represent common shares issued and outstanding upon grant subject to vesting restrictions. The following table represents a roll-forward of outstanding Restricted Stock and related activity during the six months ended June 30, 2018:
| Shares |  | Weighted-Average Grant Date Price per Share
Outstanding Restricted Stock as of December 31, 2017 | 197,900 |  |  | $ | 165.60 |
Grants issued | 58,650 |  |  | 203.20 |
Grants vested | (19,450 | ) |  | 74.61 |
Grants forfeited | (20,400 | ) |  | 196.90 |
Total Outstanding Restricted Stock as of June 30, 2018 | 216,700 |  |  | $ | 173.56 |
As of June 30, 2018, there were 298,229 common shares available for awards under the 2014 Plan. Total deferred equity compensation related to unvested Restricted Stock grants was $24.0 million as of June 30, 2018. Compensation expense related to Restricted Stock grants is calculated based upon the fair market value of the common shares on grant date. The Company's policy is to adjust compensation expense for forfeitures as they occur. The recognition of compensation expense related to deferred compensation over the remaining vesting periods is as follows:
Six Months Remaining In |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Thereafter |  | Total
$ | 3,699,502 |  |  | $ | 6,807,766 |  |  | $ | 5,333,844 |  |  | $ | 4,011,302 |  |  | $ | 3,024,169 |  |  | $ | 1,143,286 |  |  | $ | 24,019,869 |
Stock Grant Transactions The following table represents common shares issued as part of our incentive compensation program during the six months ended June 30, 2018 and 2017:
| Shares Issued |  | Grant Date Value
June 30, 2018 | 20,153 |  |  | $ | 4,109,197 |
June 30, 2017 | 19,219 |  |  | 3,892,424 |
Deferred Compensation Plans The Company offers two deferred compensation plans, the Diamond Hill Fixed Term Deferred Compensation Plan and the Diamond Hill Variable Term Deferred Compensation Plan (collectively the “Plans”). Under the Plans, participants may elect to voluntarily defer, for a minimum of five years, certain incentive compensation, which the Company then contributes into the Plans. Each participant is responsible for designating investment options for assets they contribute, and the distribution paid to each participant reflects any gains or losses on the assets realized while in the Plans. Assets held in the Plans are included in the Company’s investment portfolio, and the associated obligation to participants is included in deferred compensation liability. Assets held in the Plans are recorded at fair value. Deferred compensation liability was $24.4 million and $20.5 million as of June 30, 2018 and December 31, 2017, respectively.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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