Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 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 nine months ended September 30, 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	78,041	60.11
Forfeited	(5,146)	51.58
Vested	(295,936)	21.07
Non-vested shares outstanding as of September 30, 2020	203,729	$	50.19

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 September 30, 2020:

Non-vested Shares Vesting Schedule	Number of Shares
2020 (3 months)	—
2021	13,336
2022	12,297
2023	37,247
2024	83,309
Thereafter	57,540
Total Non-vested Shares	203,729

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	Maximum Potential Payout		Fair Value September 30, 2020		Accrual September 30, 2020		Expense for the Three Months Ended September 30,				Expense for the Nine Months Ended September 30,
							2020		2019		2020		2019
January 1, 2018 - December 31, 2020	$	7,482	$	5,968	$	5,467	$	398	$	547	$	1,123	$	2,433
January 1, 2017 - December 31, 2019	—		—		—		—		664		—		2,548
Total	$	7,482	$	5,968	$	5,467	$	398	$	1,211	$	1,123	$	4,981

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 Grant		Expense for the Three Months Ended September 30,				Expense for the Nine Months Ended September 30,
			2020		2019		2020		2019
January 1, 2019 - December 31, 2021	$	4,829	$	402	$	402	$	1,206	$	1,207
January 1, 2020 - December 31, 2022	5,572		464		—		1,394		—
Total	$	10,401	$	866	$	402	$	2,600	$	1,207

Schedule of cash dividends paid or payable per share

The following table sets forth the cash dividends paid or payable per share during the nine months ended September 30, 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
June 30, 2020	Common stock	$	0.27	May 5, 2020	June 30, 2020	July 14, 2020
September 30, 2020	Common stock	$	0.29	August 4, 2020	October 2, 2020	October 16, 2020