SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

May 2019 Time Vesting Units and Financial Performance Units

On May 1, 2019, the Company granted 67,810 Time Vesting Units and 59,767 Financial Performance Units to officers and other key employees. All Time Vesting Units granted on May 1, 2019, have a ten-year term and vest in five substantially equal annual installments beginning on May 1, 2020, subject to continued service. The potential unrecognized compensation expense on the grant date for the Time Vesting Units to be recognized over the vesting period is approximately $0.8 million. All Financial Performance Units granted on May 1, 2019, have a ten-year term and are earned based on the Company achieving various financial metrics beginning on the grant date and ending on December 31, 2021, which include various thresholds from 0% to 150%, then the Financial Performance Units will have a subsequent two-year service period vesting requirement ending on December 31, 2023. The potential maximum unrecognized compensation expense on the grant date for the Financial Performance Units to be recognized over the vesting period is approximately $1.4 million.