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Share Options And Awards (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Of Option Activity
Following is a summary of the option activity for the three years ended December 31, 2016:
 
Shares
Under
Option
 
Weighted
Average
Exercise
Price
Outstanding, January 1, 2014
3,543,746

 
$
29.16

Forfeited or expired
(307,413
)
 
39.73

Exercised
(339,210
)
 
22.98

Outstanding, December 31, 2014
2,897,123

 
28.76

Forfeited or expired
(435,840
)
 
37.37

Exercised
(94,633
)
 
26.55

Outstanding, December 31, 2015
2,366,650

 
27.26

Forfeited or expired
(460,722
)
 
47.42

Exercised
(971,727
)
 
21.95

Outstanding, December 31, 2016
934,201

 
$
22.85
Share Options Outstanding And Exercisable
The following table summarizes information about share options outstanding and exercisable at December 31, 2016:
Range of
Exercise Prices
 
Outstanding
 
Exercisable
 
Number
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
(000’s)
 
Number
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
(000’s)
$11.85 - $17.78  
 
241,979

 
2.2 years
 
$
11.85

 
 
 
241,979

 
$
11.85

 
2.2 years
 
 
$17.79 - $26.69  
 
479,127

 
3.9 years
 
$
24.15

 
 
 
479,127

 
$
24.15

 
3.9 years
 
 
$26.70 - $40.05  
 
211,603

 
1.2 years
 
$
32.31

 
 
 
211,603

 
$
32.31

 
1.2 years
 
 
$40.06 - $49.62  
 
1,492

 
0.2 years
 
$
49.62

 
 
 
1,492

 
$
49.62

 
0.2 years
 
 
Total
 
934,201

 
2.8 years
 
$
22.85

 
$
12,089

 
934,201

 
$
22.85

 
2.8 years
 
$
12,089
Fair Value Of Market-Based Share Awards Assumptions
The fair value of the market-based share awards was estimated on the date of grant using a Monte Carlo valuation model based on the following assumptions:
 
Year Ended December 31, 2016
 
Minimum
 
Maximum
Dividend yield
0.0
%
 
4.0
%
Expected volatility (1)
16.0
%
 
20.4
%
Expected life (in years)
N/A

 
3

Risk-free interest rate
0.5
%
 
0.9
%
_______________
(1)
Includes the volatility of the FTSE NAREIT U.S. Shopping Center Index and Weingarten Realty Investors.
Summary Of The Status Of Unvested Restricted Shares
A summary of the status of unvested share awards for the year ended December 31, 2016 is as follows:
 
Unvested
Share
Awards
 
Weighted
Average 
Grant
Date Fair 
Value
Outstanding, January 1, 2016
589,906

 
$
32.05

Granted:
 
 
 
Service-based awards
119,958

 
34.56

Market-based awards relative to FTSE NAREIT U.S. Shopping Center
Index
50,170

 
37.11

Market-based awards relative to three-year absolute TSR
50,170

 
24.20

Trust manager awards
24,983

 
37.63

Vested
(233,524
)
 
32.05

Forfeited
(10,809
)
 
33.97

Outstanding, December 31, 2016
590,854

 
$
32.52