Share-Based Compensation

9 Months Ended

Sep. 30, 2015

Note 10. Share-Based Compensation

The following tables set forth certain share-based compensation information for the three and nine months ended September 30, 2015 and 2014, respectively:


	Three months ended September 30,		Nine months ended September 30,
	2015	2014	2015	2014
Expense relating to share grants	$ 750,000	$ 878,000	$ 2,499,000	$ 2,602,000
Amounts capitalized	(23,000)	(60,000)	(67,000)	(173,000)
Total charged to operations	$ 727,000	$ 818,000	$ 2,432,000	$ 2,429,000

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 nine months ended September 30, 2015, there were 180,000 time-based restricted shares issued, with a weighted average grant date fair value of $7.43 per share. At September 30, 2015, approximately 1.5 million shares remained available for grants pursuant to the 2012 Plan.