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Share-Based Compensation
 6 Months Ended
Jun. 30, 2013
Share-Based Compensation [Abstract]  
Share-Based Compensation

Note 10. Share-Based Compensation 

 

The following tables set forth certain share-based compensation information for the three and six months ended June 30, 2013 and 2012, respectively:

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

2013

 

2012 (a)

 

2013

 

2012 (a)

Share-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense relating to share grants

 

$        942,000

 

$        845,000

 

$     1,776,000

 

$     1,736,000

Adjustments to reflect changes in market price of

 

 

 

 

 

 

 

 

Company's common stock

 

 -

 
(20,000)

 

 -

 
10,000 

Amounts capitalized

 
(115,000)

 
(95,000)

 
(228,000)

 
(192,000)

Total charged to operations

 

$        827,000

 

$        730,000

 

$     1,548,000

 

$     1,554,000

 

 

 

 

 

 

 

 

 

(a) Includes expense relating to grants previously recorded as equity and liability awards.

 

 

The Company’s 2012 Stock Incentive Plan (the “2012 Plan”) establishes the procedures for the granting of, among other things, restricted stock awards. During the three and six months ended June 30, 2013, there were 0 and 584,000 time-based restricted shares issued, respectively, with a weighted average grant date fair value of $0 and $5.65 per share, respectively. At June 30, 2013, approximately 1.8 million shares remained available for grants pursuant to the 2012 Plan.