Long-Term Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2021

Long-Term Incentive Plan

Schedule of amortization expense and forfeitures related to restricted shares

The Company’s amortization expense and forfeitures related to restricted shares for the three and six months ended June 30, 2021 and 2020 were as follows (unaudited and in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Amortization expense, including forfeitures	$	4,659	$	3,064	$	7,411	$	5,271
Capitalized compensation cost (1)	$	125	$	129	$	242	$	246

(1) The Company capitalizes compensation costs related to restricted shares granted to certain employees whose work is directly related to the Company’s capital investment in its hotels.