Long-Term Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2022

Long-Term Incentive Plan

Schedule of amortization expense and forfeitures related to restricted shares

The Company’s amortization expense, including forfeitures related to restricted shares was as follows (unaudited and in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Amortization expense, including forfeitures	$	2,853	$	4,659	$	6,431	$	7,411
Capitalized compensation cost (1)	$	118	$	125	$	241	$	242

(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.