Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Information Pertaining to Share-based Compensation Issued

The following table sets forth information pertaining to the share-based compensation issued under the 2020 Incentive Plan and the incentive plan for 2019 (the “2019 Incentive Plan”).

	2020 Incentive Plan			2019 Incentive Plan
Period common shares issued	First Quarter 2021			First Quarter 2020
Common shares earned under each    incentive plan		555,726			665,552
Common shares surrendered on issuance    date to satisfy tax withholding obligations		117,647			60,616
Common shares earned and issued under    each incentive plan, net of common    shares surrendered on issuance date to    satisfy tax withholding obligations		438,079			604,936
Closing stock price on issuance date	$	14.03		$	13.01
Total share-based compensation    earned, including the surrendered    shares (in millions)	$	7.8	(1)	$	8.7	(2)
Of the total common shares earned and    issued, total common shares    unrestricted at time of issuance		160,216			426,553
Of the total common shares earned and    issued, total common shares    restricted at time of issuance		277,863			178,383
Restricted common shares vesting date	December 10, 2021			December 11, 2020
Common shares surrendered on vesting    date to satisfy tax withholding    requirements resulting from vesting of    restricted common shares	n/a				60,066

(1) Of the total 2020 share-based compensation, approximately $5.9 million was recorded as a liability as of December 31, 2020 and is included in accounts payable and other liabilities in the Company’s consolidated balance sheet at December 31, 2020. The remaining $1.9 million, which is subject to vesting on December 10, 2021 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2021. For the three and nine months ended September 30, 2021, the Company recognized approximately $0.5 million and $1.5 million, respectively, of share-based compensation expense related to restricted share awards.

(2) Of the total 2019 share-based compensation, approximately $1.2 million, which vested on December 11, 2020, was recognized as share-based compensation expense proportionately throughout 2020. For the three and nine months ended September 30, 2020, the Company recognized approximately $0.3 million and $0.9 million, respectively, of share-based compensation expense related to restricted share awards.