Share-Based Compensation

9 Months Ended

Sep. 30, 2013

Share-Based Compensation [Abstract]

Share-Based Compensation

Note 10. Share-Based Compensation

The following tables set forth certain share-based compensation information for the three and nine months ended September 30, 2013 and 2012, respectively:

	Three months ended September 30,		Nine months ended September 30,
	2013	2012	2013	2012 (a)
Share-based compensation:
Expense relating to share grants	$            1,242,000	$            1,149,000	$            3,018,000	$            2,885,000
Adjustments to reflect changes in market price of
Company's common stock	-	-	-	10,000
Amounts capitalized	(98,000)	(89,000)	(326,000)	(281,000)
Total charged to operations	$            1,144,000	$            1,060,000	$            2,692,000	$            2,614,000
(a) Includes expense relating to grants previously recorded as equity and liability awards.

The Company’s 2012 Stock Incentive Plan (the “2012 Plan”) establishes the procedures for the granting of, among other things, restricted stock awards. During the nine months ended September 30, 2013, there were 584,000 time-based restricted shares issued, with a weighted average grant date fair value of $5.65 per share. At September 30, 2013, approximately 1.8 million shares remained available for grants pursuant to the 2012 Plan.