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Compensation Plans (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 2020:
SharesWeighted-Average
Grant Date Price
per Share
Outstanding restricted stock as of December 31, 2019227,844 $175.49 
Grants issued18,749 109.25 
Grants vested(41,700)155.40 
Grants forfeited(15,325)186.02 
Total outstanding restricted stock as of September 30, 2020189,568 $174.82 
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
      
20202021202220232024ThereafterTotal
$1,464,321 $5,242,920 $4,282,359 $2,309,526 $1,211,071 $1,225,389 $15,735,586 
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 the Company's incentive compensation program during the nine-month period ended September 30, 2020, and 2019:
Shares IssuedGrant Date Value
September 30, 202023,640 $3,396,359 
September 30, 201924,048 $3,655,296