Stockholders' Equity (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2020, 2019 and 2018.

Restricted Stock Activity:

	Shares	Weighted Average Grant Date Fair Value
Non-vested shares outstanding as of December 31, 2017	357,183	$	21.01
Granted	53,915	34.63
Forfeited	(11,830)	20.30
Vested	(15,338)	20.21
Non-vested shares outstanding as of December 31, 2018	383,930	22.98
Granted	111,099	46.99
Forfeited	(52,892)	31.02
Vested	(15,367)	23.90
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 December 31, 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 December 31, 2020:

Non-vested Shares Vesting Schedule	Number of Shares
2021	13,336
2022	12,297
2023	37,247
2024	83,309
2025	57,540
Thereafter	—
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		Accrual		Expense
	Maximum Potential Payout						For the Year Ended December 31,
Fair Value Performance Share Period			December 31, 2020		December 31, 2020		2020		2019		2018
January 1, 2018 - December 31, 2020	$	7,482	$	7,482	$	7,482	$	3,138	$	3,208	$	1,135
January 1, 2017 - December 31, 2019	—		—		—		—		3,217		2,540
January 1, 2016 - December 31, 2018	—		—		—		—		—		3,388
Total	$	7,482	$	7,482	$	7,482	$	3,138	$	6,425	$	7,063

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

			Expense
			For the Year Ended December 31,
Performance Share Period	Fair Value on Date of Grant		2020		2019		2018
January 1, 2019 - December 31, 2021	$	4,829	$	1,610	$	1,610	$	—
January 1, 2020 - December 31, 2022	5,572		1,857		—		—
Total	$	10,401	$	3,467	$	1,610	$	—

Schedule of cash dividends paid or payable per share

The following table sets forth the cash dividends paid or payable per share during the years ended December 31, 2020 and 2019:

For the Three Months Ended	Security	Dividend per Share		Declaration Date	Record Date	Date Paid
March 31, 2020	Common stock	$	0.27	February 05, 2020	March 27, 2020	April 10, 2020
June 30, 2020	Common stock	$	0.27	May 05, 2020	June 30, 2020	July 14, 2020
September 30, 2020	Common stock	$	0.29	August 04, 2020	October 02, 2020	October 16, 2020
December 31, 2020	Common stock	$	0.29	November 03, 2020	December 15, 2020	January 05, 2021

For the Three Months Ended	Security	Dividend per Share		Declaration Date	Record Date	Date Paid
March 31, 2019	Common stock	$	0.24	February 05, 2019	March 29, 2019	April 12, 2019
June 30, 2019	Common stock	$	0.24	April 30, 2019	July 05, 2019	July 19, 2019
September 30, 2019	Common stock	$	0.27	July 26, 2019	October 04, 2019	October 18, 2019
December 31, 2019	Common stock	$	0.27	October 29, 2019	December 31, 2019	January 14, 2020