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Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Roll-Forward of Outstanding Restricted Stock Grants Issued The following table represents a roll-forward of outstanding restricted stock and related activity during the nine months ended September 30, 2019:
 
Shares
 
Weighted-Average
Grant Date Price
per Share
Outstanding restricted stock as of December 31, 2018
214,575

 
$
177.22

Grants issued
49,269

 
146.81

Grants vested
(17,000
)
 
126.13

Grants forfeited
(11,700
)
 
181.83

Total outstanding restricted stock as of September 30, 2019
235,144

 
$
174.44


Expense Recognition of Deferred Compensation The recognition of compensation expense related to deferred compensation over the remaining vesting periods is as follows:
Three Months 
 Remaining In
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
$
1,888,550

 
$
6,533,106

 
$
5,252,547

 
$
4,270,399

 
$
2,174,456

 
$
2,120,424

 
$
22,239,482


Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value
The following table represents common shares issued as part of our incentive compensation program during the nine months ended September 30, 2019 and 2018:
 
Shares Issued
 
Grant Date Value
September 30, 2019
24,048

 
$
3,655,296

September 30, 2018
20,153

 
$
4,109,197