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Share-Based Compensation
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2014
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Compensation |
For stock-based awards the Company recognized compensation expense based on the grant date fair value. Share-based compensation expense was $2.0 million and $0.6 million for the three months ended September 30, 2014 and 2013, respectively. Share-based compensation expense was $4.9 million and $1.8 million for the nine months ended September 30, 2014 and 2013, respectively.
A summary of the status and changes of our nonvested shares related to the Company’s Equity Incentive Plans as of and for the nine months ended September 30, 2014 is presented below:
As of September 30, 2014, there was $16.9 million of unrecognized compensation cost related to nonvested common shares. The cost is expected to be amortized over a weighted average period of 2.4 years. |
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