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EQUITY-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2020:
 
 Number
 of Shares
Weighted Average
Grant Date 
Fair Value
Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 2019448,467  $12.51  $5,534  
Granted299,562  8.47   
Vested(172,170) 13.31   
Forfeited(536) 8.47   
Non-vested at June 30, 2020575,323  $10.17  $3,412  
The following table summarizes performance-based restricted stock activity under the Equity Plan for the six months ended June 30, 2020:
 
 Number 
of Shares
Weighted Average
Grant Date 
Fair Value (1)
Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 2019755,991  $14.31  $9,329  
Granted376,609  9.38   
Forfeited(210,361) 17.13   
Non-vested at June 30, 2020922,239  $11.65  $5,469  

(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 and six months ended June 30, 2020 and 2019 was as follows (in thousands):
 
 For the
Three Months Ended
June 30,
For the
Six Months Ended
June 30,
 2020201920202019
Time-based restricted stock$623  $606  $1,225  $1,148  
Performance-based restricted stock896  862  1,769  1,672  
Director stock447  496  447  496  
 $1,966  $1,964  $3,441  $3,316  
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 $10.4 million at June 30, 2020 and will be recorded as follows (in thousands):
 
 Total20202021202220232024
Time-based restricted stock$4,399  $1,247  $1,859  $1,041  $235  $17  
Performance-based restricted stock6,033  1,791  2,654  1,392  196  —  
 $10,432  $3,038  $4,513  $2,433  $431  $17