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Share-Based Compensation

9 Months Ended

Sep. 30, 2019

Note 9. Share-Based Compensation

The following tables set forth certain share-based compensation information for the three and nine months ended September 30, 2019 and 2018, respectively:

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Expense relating to share/unit grants	$	1,127,000		$	1,080,000		$	3,364,000		$	3,134,000
Amounts capitalized		(92,000	)		(116,000	)		(286,000	)		(333,000	)
Total charged to operations	$	1,035,000		$	964,000		$	3,078,000		$	2,801,000

The Company’s 2017 Stock Incentive Plan (the “2017 Plan”) establishes the procedures for the granting of, among other things, restricted stock awards. On May 1, 2019, the Company’s shareholders approved an amendment to the 2017 Plan, which increased the maximum number of shares available for issuance under the plan by 2.0 million shares, to a new total of 6.0 million shares. 2.4 million shares remained available for grants pursuant to the 2017 Plan as of September 30, 2019.

During the nine months ended September 30, 2019, there were 522,000 restricted shares issued, with a weighted average grant date fair value of $3.22 per share.