EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of restricted stock awards

The following table summarizes time-based restricted stock award activity under our Equity Plan for the three months ended March 31, 2020:

	Number  of Shares		Weighted Average Grant Date  Fair Value		Aggregate Current Value
			(per share)		(in thousands)
Non-vested at December 31, 2019	448,467		$	12.51	$	5,534
Granted	299,562		8.47
Vested	(172,170	)	13.31
Forfeited	(536	)	8.47
Non-vested at March 31, 2020	575,323		$	10.17	$	2,336

The following table summarizes performance-based restricted stock activity under the Equity Plan for the three months ended March 31, 2020:

	Number  of Shares		Weighted Average Grant Date  Fair Value (1)		Aggregate Current Value
			(per share)		(in thousands)
Non-vested at December 31, 2019	755,991		$	14.31	$	9,329
Granted	376,609		9.38
Forfeited	(210,361	)	17.13
Non-vested at March 31, 2020	922,239		$	11.65	$	3,744

(1) The amounts included in this column represent the expected future value of the performance-based restricted stock awards calculated using the Monte Carlo simulation valuation model.

Schedule of equity-based compensation expense

Equity-based compensation expense included in Corporate general and administrative expenses in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2020 and 2019 was as follows (in thousands):

	For the Three Months Ended March 31,
	2020		2019
Time-based restricted stock	$	602	$	542
Performance-based restricted stock	873		810
	$	1,475	$	1,352

Schedule of unrecognized equity-based compensation expense for all non-vested awards

Unrecognized equity-based compensation expense for all non-vested awards pursuant to our Equity Plan was $12.0 million at March 31, 2020 and will be recorded as follows (in thousands):

	Total		2020		2021		2022		2023		2024
Time-based restricted stock	$	5,023	$	1,871	$	1,859	$	1,041	$	235	$	17
Performance-based restricted stock	6,928		2,686		2,654		1,392		196		—
	$	11,951	$	4,557	$	4,513	$	2,433	$	431	$	17