Equity Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Information about RSAs and RSUs Units

The following table presents information about the Company's RSAs and RSUs during the years ended December 31, 2023, 2022 and 2021:

	Restricted Stock Awards			Restricted Stock Units
	Shares	Wtd. Avg. Grant Date Fair Value		Units	Wtd. Avg. Grant Date Fair Value
Unvested, January 1, 2021	240,598	$	13.73	321,602	$	25.27
Granted	—	—		213,686	31.78
Vested	(221,694)	13.70		(72,879)	18.83
Forfeited	—	—		(7,717)	23.52
Unvested, December 31, 2021	18,904	$	14.12	454,692	$	29.39
Unvested, January 1, 2022	18,904	$	14.12	454,692	$	29.39
Granted	—	—		607,347	29.08
Vested	(9,865)	14.12		(243,640)	25.70
Forfeited	—	—		(1,019)	27.25
Unvested, December 31, 2022	9,039	$	14.12	817,380	$	30.26
Unvested, January 1, 2023	9,039	$	14.12	817,380	$	30.26
Granted	—	—		457,859	31.39
Vested	(9,039)	14.12		(436,967)	26.98
Forfeited	—	—		(94,419)	32.79
Unvested, December 31, 2023	—	$	14.12	743,853	$	32.56

The following table presents information about the Company's RSAs for the periods presented: 

	Year ended December 31,
(in thousands)	2023		2022		2021
Compensation cost recognized in general and administrative expense	$	2	$	128	$	1,548
Dividends declared on unvested RSAs and charged directly to distributions in excess of cumulative earnings	—		8		70
Fair value of shares vested during the period	128		139		3,037

The following table presents information about the Company's RSUs for the periods presented:

	Year ended December 31,
(in thousands)	2023		2022		2021
Compensation cost recognized in general and administrative expense	$	9,002	$	9,361	$	4,135
Dividend equivalents declared and charged directly to distributions in excess of cumulative earnings	407		366		241
Fair value of units vested during the period	11,791		6,262		1,372

Schedule of Unrecognized Compensation Cost

The following table presents information about the Company's RSAs as of the dates presented: 

	December 31,
(Dollars in thousands)	2023		2022		2021
Total unrecognized compensation cost	$	—	$	2	$	130
Weighted average period over which compensation cost will be recognized (in years)	—		0.1		1.0

The following table presents information about the Company's RSUs as of the dates presented:

	December 31,
(Dollars in thousands)	2023		2022
Total unrecognized compensation cost	$	13,131	$	13,761
Weighted average period over which compensation cost will be recognized (in years)	2.2		2.8

Schedule of Assumptions Used in Measurement of Grant Date Fair Value of Total Shareholder Return RSUs Using Monte Carlo Simulation Model

The grant date fair value of the TSR RSUs was measured using a Monte Carlo simulation model based on the following assumptions:

	Grant Year
	2023	2022	2021
Volatility	37%	54%	55%
Risk free rate	4.36%	1.68%	0.20%