Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity under Plan

The following table summarizes stock option activity under the Plan for the three months ended March 31, 2020 and 2019:

	For the Three Months Ended
	March 31, 2020	March 31, 2019
Options outstanding at beginning of period	1,529,800	2,252,275
Granted	—	20,000
Exercised	(83,600)	(5,000)
Forfeited	(1,600)	(9,850)
Options outstanding at end of period	1,444,600	2,257,425
Options exercisable at end of period	1,296,750	1,867,025

Summary of Restricted Stock Units Activity Under Plan

The following table summarizes RSU activity under the Plan for the three months ended March 31, 2020 and 2019:

	For the Three Months Ended
	March 31, 2020	March 31, 2019
RSUs outstanding at beginning of period	599,109	372,375
Units awarded	422,285	317,950
Units vested	(181,213)	(110,650)
Units forfeited	(19,010)	(5,400)
RSUs outstanding at end of period	821,171	574,275

Summary of Activity in Noncash Share-Based Compensation Expense

The following table summarizes the activity that relates to the Company’s noncash share-based compensation expense for the three months ended March 31, 2020 and 2019 (in thousands):

	For the Three Months Ended
	March 31, 2020		March 31, 2019
General and administrative expense	$	1,369	$	659
Property management expenses	439		293
Total noncash share-based compensation expense	$	1,808	$	952