Long-Term Incentive Plan (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Amortization expense, including forfeitures	$	2,230	$	3,165	$	8,661	$	10,576
Capitalized compensation cost (1)	$	120	$	124	$	361	$	366

(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.