Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of total restricted shares granted

The following is a summary of the total restricted shares granted to the Company’s executive officers and employees with the related weighted average grant date fair value share prices for the three months ended March 31, 2020:

Restricted Stock Activity:

	Shares	Weighted Average Grant Date Fair Value
Non-vested shares outstanding as of December 31, 2019	426,770	$	28.20
Granted	20,501	58.08
Forfeited	—	—
Vested	(8,436)	31.89
Non-vested shares outstanding as of March 31, 2020	438,835	$	29.52

Vesting schedule of the total non-vested shares of restricted stock outstanding

The following is a vesting schedule of the total non-vested shares of restricted stock outstanding as of March 31, 2020:

Non-vested Shares Vesting Schedule	Number of Shares
2020 (9 months)	287,500
2021	14,974
2022	13,933
2023	38,846
2024	83,582
Thereafter	—
Total Non-vested Shares	438,835

Schedule of certain information with respect to the Performance Share awards

The following table summarizes certain information with respect to the Performance Share awards granted prior to January 1, 2019 (dollars in thousands):

Fair Value Performance Share Period	Fair Value March 31, 2020		Accrual March 31, 2020		Expense for the Three Months Ended March 31,
					2020		2019
January 1, 2018 - December 31, 2020	$	6,608	$	4,950	$	606	$	591
January 1, 2017 - December 31, 2019	—		—		—		787
Total	$	6,608	$	4,950	$	606	$	1,378

Schedule of certain information with respect to the Performance Share awards

The following table summarizes certain information with respect to the Performance Share awards granted on or after January 1, 2019 (dollars in thousands):

Performance Share Period	Fair Value on Date of LTIP Grant		Expense for the Three Months Ended March 31,
			2020		2019
January 1, 2019 - December 31, 2021	$	4,829	$	402	$	402
January 1, 2020 - December 31, 2022	5,572		465		—
Total	$	10,401	$	867	$	402

Schedule of cash dividends paid or payable per share

The following table sets forth the cash dividends paid or payable per share during the three months ended March 31, 2020:

For the Three Months Ended	Security	Dividend per Share		Declaration Date	Record Date	Date Paid
March 31, 2020	Common stock	$	0.27	February 5, 2020	March 27, 2020	April 10, 2020