Table:
| Non-vested awards | Shares | Weighted-Average Grant Date Fair Value |
| --- | --- | --- |
| Non-vested at December 31, 2018 | 1,187,586 | $41.12 |
| Granted | 473,550 | $53.53 |
| Vested | (365,223) | $41.83 |
| Forfeited | (12,632) | $50.49 |
| Non-vested at December 31, 2019 | 1,283,281 | $45.40 |
Paragraphs:
8. Stock option and award plan: (Continued)
A summary of the Company’s non-vested restricted stock awards as of December 31, 2019 and the changes during the year ended December 31, 2019 are as follows:
The weighted average per share grant date fair value of restricted stock granted was $53.53 in 2019 (0.5 million shares) $44.02 in 2018 (0.5 million shares) and $40.52 in 2017 (0.5 million shares). The fair value was determined using the quoted market price of the Company’s common stock on the date of grant. Valuations were obtained to determine the fair value for the shares granted to the Company’s CEO that are subject to the total shareholder return of the Company’s common stock compared to the total shareholder return of the Nasdaq Telecommunications Index. The fair value of shares of restricted stock vested in 2019, 2018 and 2017 was $20.8 million, $19.1 million and $12.6 million, respectively.
Equity-based compensation expense related to stock options and restricted stock was $18.5 million, $17.7 million, and $13.3 million for 2019, 2018, and 2017, respectively. The income tax benefit related to stock options and restricted stock was $3.0 million, $1.8 million, and $2.5 million for 2019, 2018, and 2017, respectively. The Company capitalized compensation expense related to stock options and restricted stock for 2019, 2018, and 2017 of $1.8 million, $1.7 million and $1.2 million, respectively. As of December 31, 2019, there was $31.7 million of total unrecognized compensation cost related to non-vested equity-based compensation awards. That cost is expected to be recognized over a weighted average period of 1.9 years.
Question:
What is the percentage of non-vested shares forfeited in 2019 as a percentage of the total non-vested shares at December 31, 2019?
Answer: 12632/1283281  = 0.98