Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Litigation and non-routine costs, net of insurance recoveries

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Litigation and non-routine costs, net:
Audit Committee Investigation and related matters (1) (2)	$	(118	)	$	22,767		$	(6,211	)	$	37,458
Legal fees and expenses	—			—			—			2
Litigation settlements	—			—			—			12,235
Total costs	(118		)	22,767			(6,211		)	49,695
Insurance recoveries	—			—			(2,471		)	(48,420		)
Other recoveries (3)	—			(26,536		)	—			(26,536		)
Total	$	(118	)	$	(3,769	)	$	(8,682	)	$	(25,261	)

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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) The negative balance for the three and six months ended June 30, 2020 is a result of estimated costs accrued in prior periods that exceeded actual expenses incurred.

(3)

Represents the surrender of 2.9 million Limited Partner OP Units in connection with an SEC settlement entered into by principals of the Company’s former external manager.

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, 2020 and 2019 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Restricted Shares	$	—	$	—	$	—	$	77
Time-Based Restricted Stock Units (1)	1,397		1,234		2,782		2,484
Long-Term Incentive-Based Restricted Stock Units	1,401		1,383		2,500		2,612
Deferred Stock Units	947		947		1,019		1,018
Stock Options	326		319		625		564
Total	$	4,071	$	3,883	$	6,926	$	6,755

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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.