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Long-Term Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Options Granted Assumptions

The following table details the assumptions of each grant based on the year it was granted (dollars in thousands):

 

 

 

2015

 

 

2014

 

 

2013

 

Risk free interest rate

 

 

0.86

%

 

 

0.67

%

 

 

0.39

%

Expected volatility

 

 

28

%

 

 

38

%

 

 

38

%

Aggregate fair value

 

$

26,500

 

 

$

23,100

 

 

$

23,900

 

 

RSU and PSA [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for RSUs for the year ended December 31, 2015 (units in thousands):

 

 

 

Number of RSUs

 

 

Weighted Average Grant-Date Fair Value

 

 

Number of RSUs Vested

 

Balance at January 1, 2015

 

 

2,521

 

 

$

39.38

 

 

 

106

 

Granted

 

 

693

 

 

 

44.52

 

 

 

 

 

Vested and distributed

 

 

(1,029

)

 

 

38.24

 

 

 

 

 

Transferred to LTIP Units

 

 

(522

)

 

 

39.27

 

 

 

 

 

Forfeited

 

 

(37

)

 

 

42.00

 

 

 

 

 

Balance at December 31, 2015

 

 

1,626

 

 

$

42.21

 

 

 

109

 

 

Restricted Operating Partnership Units [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for LTIP Units for the year ended December 31, 2015 (units in thousands):

 

 

 

Number of LTIP Units

 

 

Weighted Average Grant-Date Fair Value

 

 

Number of LTIP Units Vested

 

Balance at January 1, 2015

 

 

113

 

 

$

41.43

 

 

 

-

 

Granted

 

 

609

 

 

 

44.88

 

 

 

 

 

Transferred from RSUs

 

 

522

 

 

 

39.27

 

 

 

 

 

Balance at December 31, 2015

 

 

1,244

 

 

$

42.21

 

 

 

303

 

 

OPP LTIP Units [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for the OPP LTIP Units for the year ended December 31, 2015 (units in thousands):

 

 

 

Number of OPP LTIP Units

 

Balance at January 1, 2015

 

 

2,799

 

Granted

 

 

1,572

 

Forfeited

 

 

(907

)

Balance at December 31, 2015

 

 

3,464