Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Litigation and non-routine costs, net of insurance recoveries

Litigation and non-routine costs, net include the following costs and recoveries (amounts in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Litigation and non-routine costs, net:
Audit Committee Investigation and related matters ⁽¹⁾	$	22,767		$	17,232		$	37,458		$	38,960
Legal fees and expenses ⁽²⁾	—			123			2			135
Litigation settlements ⁽³⁾	—			90,000			12,235			90,000
Total costs	22,767			107,355			49,695			129,095
Insurance recoveries	—			(268		)	(48,420		)	(268		)
Other recoveries ⁽⁴⁾	(26,536		)	—			(26,536		)	—
Total	$	(3,769	)	$	107,087		$	(25,261	)	$	128,827

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(1)

Includes all fees and costs associated with various litigations and investigations prompted by the results of the 2014 investigation conducted by the audit committee (the “Audit Committee”) of the Company’s Board of Directors (the “Audit Committee Investigation”), including fees and costs incurred pursuant to the Company’s advancement obligations, litigation related thereto and in connection with related insurance recovery matters, net of accrual reversals.


(2)	Includes legal fees and expenses associated with litigation resulting from prior mergers and excludes amounts presented in income from discontinued operations, net of income taxes in the consolidated statements of operations for the six months ended June 30, 2018.


(3)	Refer to Note 10 – Commitments and Contingencies for additional information.

(4)

Represents the surrender of 2.9 million Limited Partner OP Units. Refer to Note 12 – Equity for additional information.

Summary of equity-based compensation expense

The following is a summary of equity-based compensation expense for the three and six months ended June 30, 2019 and 2018 (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Restricted Shares	$	—	$	157	$	77	$	317
Time-Based Restricted Stock Units⁽¹⁾	1,234		1,233		2,484		2,602
Long-Term Incentive-Based Restricted Stock Units	1,383		1,485		2,612		2,697
Deferred Stock Units	947		957		1,018		1,015
Stock Options	319		173		564		249
Total	$	3,883	$	4,005	$	6,755	$	6,880

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(1)

Includes stock compensation expense attributable to awards for which the requisite service period begins prior to the assumed future grant date.