XML 32 R64.htm IDEA: XBRL DOCUMENT v3.20.1
SHAREHOLDERS' EQUITY - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Equity incentive plans                              
Dividends declared (in dollars per share)                         $ 0.84 $ 0.80  
Dividends paid (in dollars per share)   $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.84 $ 0.80  
Restricted Shares                              
Compensation expense                         $ 1,492,000 $ 995,000  
Restricted Stock Units (RSUs)                              
Restricted Shares                              
Compensation expense                         $ 142,000 $ (92,000)  
Restricted stock                              
Restricted Shares                              
Grants in period (in shares)                         156,399 144,797  
Compensation expense                         $ 1,350,000 $ 1,087,000  
Unearned compensation         $ 2,735,000               $ 3,328,000 $ 2,735,000  
Shares granted but not yet vested (in shares)         705,847               725,296 705,847 689,375
Vesting period for shares issued                         5 years    
Remaining weighted average vesting period                         2 years 1 month 6 days    
Restricted stock | Subsequent Event                              
Restricted Shares                              
Grants in period (in shares) 158,299                            
Incentive Plan 2016                              
Restricted Shares                              
Shares authorized for issuance (in shares)                         600,000    
Incentive Plan 2016 | Restricted Stock Units (RSUs)                              
Restricted Shares                              
Grants in period (in shares)                         450,000    
Recognized and unrecognized unearned compensation                         $ 2,117,000    
Recognized and unrecognized unearned compensation, reversed                         1,432,000    
General and administrative expense from unearned compensation                         685,000    
Compensation expense                         142,000 $ (92,000)  
Unearned compensation         $ 319,000               $ 177,000 $ 319,000  
2012 Stock Incentive Plan                              
Restricted Shares                              
Shares authorized for issuance (in shares)                         600,000    
CAGR in Shareholder Return | Incentive Plan 2016 | Restricted Stock Units (RSUs)                              
Restricted Shares                              
Grants in period (in shares)                         200,000    
CAGR in Adjusted Funds from Operations | Incentive Plan 2016 | Restricted Stock Units (RSUs)                              
Restricted Shares                              
Grants in period (in shares)                         200,000    
CAGR Relative to FTSE NAREIT Equity Apartment Index | Incentive Plan 2016 | Restricted Stock Units (RSUs)                              
Restricted Shares                              
Grants in period (in shares)                         50,000    
Contingently issuable shares (in shares)                         450,000    
Contingently issuable shares, excluded from diluted earnings calculation (in shares)                         250,000    
Contingently issuable shares included in diluted earnings calculation (in shares)                         200,000