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Incentive Compensation (Tables)
 12 Months Ended
Dec. 31, 2020
Summary of Components of Stock-Based Compensation Expense

The following table summarizes the components of stock-based compensation expense for the years ended December 31, 2020, 2019 and 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31,

 

(Amounts in thousands)

2020

 

 

2019

 

 

2018

 

LTIP units

$

10,463

 

 

$

11,860

 

 

$

9,059

 

Performance-based units

 

7,499

 

 

 

8,477

 

 

 

7,645

 

Restricted stock

 

1,217

 

 

 

1,228

 

 

 

988

 

Stock options

 

60

 

 

 

1,295

 

 

 

1,954

 

Total stock-based compensation expense

$

19,239

 

 

$

22,860

 

 

$

19,646

 
Performance Programs [Member]  
Summary of LTIP Unit and Restricted Stock Activity The following table summarizes our LTIP unit activity granted under the Performance Programs for the year ended December 31, 2020.

 

 

Units

 

 

Weighted-Average

Grant-Date Fair Value (per unit)

 

Unvested as of December 31, 2019

 

3,595,834

 

 

$

6.54

 

Granted

 

1,068,693

 

 

 

7.01

 

Earned and Vested

 

(216,005

)

 

 

9.71

 

Cancelled or expired

 

(667,730

)

 

 

9.71

 

Unvested as of December 31, 2020

 

3,780,792

 

 

$

5.93

 

 
Restricted Stock [Member]  
Summary of LTIP Unit and Restricted Stock Activity The table below summarizes our restricted stock activity for the year ended December 31, 2020.

 

 

Shares

 

 

Weighted-Average

Grant-Date Fair Value

 

Unvested as of December 31, 2019

 

168,470

 

 

$

14.27

 

Granted

 

92,424

 

 

 

13.08

 

Vested

 

(75,895

)

 

 

14.71

 

Cancelled or expired

 

(16,291

)

 

 

14.09

 

Unvested as of December 31, 2020

 

168,708

 

 

$

13.44

 

 
Employee Stock Option [Member]  
Summary of Stock Option Activity The following table summarizes our stock option activity for the year ended December 31, 2020.

 

 

 

Shares

 

 

Weighted-Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term (in years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of December 31, 2019

 

 

2,084,943

 

 

$

17.07

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Cancelled or expired

 

 

(52,450

)

 

 

17.50

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2020

 

 

2,032,493

 

 

$

17.06

 

 

 

4.7

 

 

$

-

 

Options vested and expected to vest as of December 31, 2020

 

 

2,032,493

 

 

$

17.06

 

 

 

4.7

 

 

$

-

 

Options exercisable as of December 31, 2020

 

 

2,032,493

 

 

$

17.06

 

 

 

4.7

 

 

$

-

 

 
LTIP Units [Member]  
Summary of LTIP Unit and Restricted Stock Activity The following table summarizes our LTIP unit activity for the year ended December 31, 2020.

 

 

Units

 

 

Weighted-Average

Grant-Date Fair Value

 

Unvested as of December 31, 2019

 

1,571,464

 

 

$

13.30

 

Granted

 

931,855

 

 

 

11.74

 

Vested

 

(778,510

)

 

 

13.51

 

Cancelled or expired

 

-

 

 

 

-

 

Unvested as of December 31, 2020

 

1,724,809

 

 

$

12.36