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Share-Based Compensation | 12 Months Ended
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Dec. 31, 2015
Share-Based Compensation [Abstract] |
Share-Based Compensation | Note 1 5. Share-Based Compensation The following tables set forth certain share-based compensation information for 2015, 2014, and 2013, respectively:
|  | Years ended December 31,
|  | 2015 |  | 2014 |  | 2013
Expense relating to share grants |  | $ 3,261,000 |  | $ 3,761,000 |  | $ 4,108,000
Amounts capitalized |  | (93,000) |  | (230,000) |  | (407,000)
Total charged to operations |  | $ 3,168,000 |  | $ 3,531,000 |  | $ 3,701,000
|  |  |  | Weighted average |  |
|  | Shares |  | grant date value |  |
Unvested shares, December 31, 2014 |  | 3,666,000 |  | $ 4.89 |  |
Restricted share grants |  | 180,000 |  | 7.43 |  |
Vested during period |  | (399,000) |  | 4.98 |  |
Forfeitures/cancellations |  | (18,000) |  | 5.14 |  |
Unvested shares, December 31, 2015 |  | 3,429,000 |  | $ 5.03 |  |
At December 31, 2015, 1.5 million shares remained available for grants pursuant to the 2012 Plan and, at that date, there remained an aggregate of $6.6 million applicable to all grants and awards to be expensed over a weighted average period of 2.4 years. During 2015, there were 180,000 time-based restricted shares issued, with a weighted average grant date fair value of $7.43 per share. During 2014, there were 133,000 time-based restricted shares granted, with a weighted average grant date fair value of $6.3 2 per share. During 2013, there were 584,000 time-based restricted shares granted with a weighted average grant date fair value of $5.65 per share. The total fair values of shares vested during 2015, 2014, and 2013 were $2,869,000, $934,000, and $1,863,000, respectively. The Company’s President and Chief Executive Officer has received restricted share grants totaling 2.5 million shares as provided in his employment agreement, one-half of which is time-based, vesting upon the seventh anniversary of the date of grant (vesting on June 15, 2018), and the other half performance-based, to be earned if the total annual return on an investment in the Company’s common stock is at least an average of 6.5% per year for the seven years ending June 15, 2018. An independent appraisal determined the value of the performance-based award to be $4.39 per share compared to a market price at the date of grant of $4.98 per share. Consistent with such awards to other recipients, dividends have been paid on all the shares.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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