Long-Term Incentive Plan (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014 were as follows (in thousands):

	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Compensation expense, including forfeitures	$	1,262	$	2,178	$	8,106	$	6,885

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 nine months ended September 30, 2015 is as follows (in thousands):

	Nine Months Ended
	September 30, 2015
	(unaudited)
Compensation expense, including forfeitures	$	8,106
Net-settle adjustment		(6,870)
Amortization related to shares issued to design and construction employees		442
Vesting of restricted stock presented on statement of equity	$	1,678