Equity and Share-Based Compensation
|6 Months Ended|
Jun. 30, 2017
|Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]|
|Equity and Share-Based Compensation||
3. Equity and Share-Based Compensation
During the first six months of 2017, we issued 1,017 shares of our Class A common stock under our 2009 Long-Term Incentive Plan to our independent directors, in lieu of cash compensation, for services rendered in 2017. We valued the shares issued to our independent directors at estimated fair value based on the closing price of our shares on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered.
During the first six months of 2017 and 2016, we recognized $0.9 million and $0.1 million respectively, of associated stock compensation expense. Total share-based compensation expense is reported in selling and operating expenses and corporate, general and administration expenses on our condensed consolidated statements of operations. There were 6,000 options exercised during the first six months of 2017, with net proceeds of $30,000.
The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef