Share-Based Compensation

3 Months Ended

Mar. 31, 2015

Note 10. Share-Based Compensation

The following tables set forth certain share-based compensation information for the three months ended March 31, 2015 and 2014, respectively:


	Three months ended March 31,
	2015	2014
Expense relating to share grants	$ 823,000	$ 847,000
Amounts capitalized	(19,000)	(57,000)
Total charged to operations	$ 804,000	$ 790,000

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 months ended March 31, 2015, there were 176,000 time-based restricted shares issued, with a weighted average grant date fair value of $7.45 per share. At March 31, 2015, approximately 1.5 million shares remained available for grants pursuant to the 2012 Plan.

- 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.

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