Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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 September 30,					Nine Months Ended September 30,
	2019		2018			2019			2018
Litigation and non-routine costs, net:
Audit Committee Investigation and related matters ⁽¹⁾	$	32,051	$	13,009		$	69,509		$	51,969
Legal fees and expenses ⁽²⁾	—		386			2			521
Litigation settlements ⁽³⁾	799,973		127,500			812,208			217,500
Total costs	832,024		140,895			881,719			269,990
Insurance recoveries⁽⁴⁾	—		(2,300		)	(48,420		)	(2,568		)
Other recoveries ⁽⁵⁾	—		—			(26,536		)	—
Total	$	832,024	$	138,595		$	806,763		$	267,422

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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 nine months ended September 30, 2018.


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


(4)	$2.3 million during the three months ended September 30, 2018 relates to litigation resulting from prior mergers.

(5)

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 nine months ended September 30, 2019 and 2018 (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Restricted Shares	$	—	$	149	$	77	$	466
Time-Based Restricted Stock Units⁽¹⁾	1,272		1,338		3,748		3,931
Long-Term Incentive-Based Restricted Stock Units	1,455		1,564		4,074		4,270
Deferred Stock Units	82		72		1,101		1,087
Stock Options	335		200		899		449
Total	$	3,144	$	3,323	$	9,899	$	10,203

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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.