XML 41 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Share-Based and Long-Term Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Share-Based and Long-Term Compensation Plans [Abstract]  
Schedule of market condition goals
The time-based awards will vest ratably over four years from the date the shares are granted.  The market condition awards are contingent on the Company meeting goals for compounded annual total return to stockholders ("TRTS") over the three year period beginning July 1, 2010.  The market condition goals are based upon (i) the Company's absolute compounded annual TRS; and (ii) the Company's absolute compounded annual TRTS relative to the compounded annual return of the MSCI US REIT ("RMS") Index calculated on a gross basis, as follows:

 
 
Threshold
Target
Maximum
Absolute Return Goal
10%
12%
14%
Relative Return Goal
RMS + 100 bps
RMS + 200 bps
RMS + 300 bps

Summary of restricted shares and deferred incentive share unit activity
 
Weighted
Deferred
Weighted
 
Restricted
Average
Incentive
Average
 
Shares
Price
Share Units
Price
Outstanding at December 31, 2009
308,975
$
29.94
18,055
$
34.08
Issued
345,120
7.30
3,805
14.83
Vested
(152,941
)
33.06
(4,355
)
47.78
Forfeited
(21,224
)
26.69
(1,865
)
32.99
Outstanding at December 31, 2010
479,930
12.81
15,640
25.71
Issued
235,168
10.31
20,435
23.97
Vested
(99,202
)
23.99
(4,930
)
45.11
Forfeited
(161,826
)
10.68
(3,775
)
20.38
Outstanding at December 31, 2011
454,070
9.83
27,370
21.65
Issued
21,900
10.15
-
-
Vested
(56,013
)
21.55
(3,030
)
14.93
Forfeited
(138,724
)
8.18
(6,580
)
14.06
Outstanding at December 31, 2012
281,233
$
8.34
17,760
$
25.61
Vesting Scheduled of Restricted Stock and DISUs [Table Text Block]
Restricted shares and deferred incentive share units vest in the following years, subject to service and market conditions:

 
Time
Based
Awards
Market
Condition
Awards (1)
Total
Restricted
Shares
Deferred
Incentive
Share Units
2013
14,052 
117,014 
131,066 
2014
14,048 
117,017 
131,065 
1,490 
2015
11,781 
11,781 
16,270 
2016
7,321 
7,321 
 
47,202 
234,031 
281,233 
17,760 

(1)
The market condition restricted shares will vest in the years noted above subject to achievement of the market condition goals described.
Summary of stock option activity
 
 
1994 Stock
 
 
1991 Directors
 
 
2001 Directors
 
 
 
Option Plan
 
 
Stock Option Plan
 
 
Stock Option Plan
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
Average
 
 
 
Average
 
 
 
Average
 
 
 
Shares
 
Price
 
 
Shares
 
Price
 
 
Shares
 
Price
 
Outstanding at December 31, 2009
 
 
86,280
 
 
$
31.46
 
 
 
-
 
 
$
-
 
 
 
12,500
 
 
$
41.63
 
Forfeited
 
 
(56,319
)
 
 
30.28
 
 
 
-
 
 
 
-
 
 
 
(3,000
)
 
 
38.95
 
Outstanding at December 31, 2010
 
 
29,961
 
 
 
33.69
 
 
 
-
 
 
 
-
 
 
 
9,500
 
 
 
42.47
 
Forfeited
 
 
(27,508
)
 
 
33.51
 
 
 
-
 
 
 
-
 
 
 
(6,500
)
 
 
44.10
 
Outstanding at December 31, 2011
 
 
2,453
 
 
 
35.70
 
 
 
-
 
 
 
-
 
 
 
3,000
 
 
 
38.95
 
Forfeited
 
 
(2,453
)
 
 
35.70
 
 
 
-
 
 
 
-
 
 
 
(3,000
)
 
 
38.95
 
Vested and Exercisable at  December 31, 2012
 
 
-
 
 
$
-
 
 
 
-
 
 
$
-
 
 
 
-
 
 
$
-