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Share-Based Compensation
9 Months Ended
Sep. 30, 2016
Share Based Compensation [Abstract]  
Share-Based Compensation

Note 9. Share-Based Compensation

The following tables set forth certain share-based compensation information for the three and nine months ended September 30, 2016 and 2015, respectively:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Expense relating to share grants

 

$

859,000

 

 

$

750,000

 

 

$

2,312,000

 

(a)

$

2,499,000

 

Amounts capitalized

 

 

(54,000

)

 

 

(23,000

)

 

 

(167,000

)

 

 

(67,000

)

Total charged to operations

 

$

805,000

 

 

$

727,000

 

 

$

2,145,000

 

 

$

2,432,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Net of an expense reduction of $267,000 relating to a forfeiture of restricted shares in connection with an employment termination.

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, 2016, there were 491,000 restricted shares issued, with a weighted average grant date fair value of $6.87 per share. At September 30, 2016, 1.1 million shares remained available for grants pursuant to the 2012 Plan.