Long-Term Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2015

Long-Term Incentive Plan

Schedule of compensation expense and forfeitures related to restricted shares and performance awards

The Company’s compensation expense and forfeitures related to restricted shares and performance awards for the three and six months ended June 30, 2015 and 2014 were as follows (in thousands):

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Compensation expense, including forfeitures	$	2,412	$	2,671	$	6,844	$	4,707

Summary of total compensation expense in relation to vesting of restricted common stock

The Company’s total compensation expense in relation to its vesting of restricted common stock presented in the Company’s consolidated statement of equity for the six months ended June 30, 2015 is as follows (in thousands):

	Six Months Ended
	June 30, 2015
	(unaudited)
Compensation expense, including forfeitures	$	6,844
Net-settle adjustment		(6,432)
Amortization related to shares issued to design and construction employees		304
Vesting of restricted stock presented on statement of equity	$	716