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Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2020
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 three months ended March 31, 2020:
 
Shares
 
Weighted-Average
Grant Date Price
per Share
Outstanding restricted stock as of December 31, 2019
227,844

 
$
175.49

Grants issued
3,850

 
90.24

Grants vested
(4,100
)
 
138.04

Grants forfeited
(1,225
)
 
168.45

Total outstanding restricted stock as of March 31, 2020
226,369

 
$
174.76


Expense Recognition of Deferred Compensation The recognition of compensation expense related to deferred compensation over the remaining vesting periods is as follows:
Nine Months 
 Remaining In
 
 
 
 
 
 
 
 
 
 
 
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
Total
$
4,676,431

 
$
5,257,317

 
$
4,277,823

 
$
2,226,661

 
$
1,112,714

 
$
1,135,804

 
$
18,686,750


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 three months ended March 31, 2020 and 2019:
 
Shares Issued
 
Grant Date Value
March 31, 2020
23,640

 
$
3,396,359

March 31, 2019
24,048

 
$
3,655,296