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Share and Unit-based Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity of Non-vested Stock Awards
The following table summarizes the activity of non-vested stock awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year

 
$

 
1,612

 
$
62.01

 
9,189

 
$
59.25

Granted

 

 

 

 

 

Vested

 

 
(1,612
)
 
62.01

 
(7,577
)
 
58.67

Balance at end of year

 
$

 

 
$

 
1,612

 
$
62.01

Summary of Activity of Non-vested Stock Units
The following table summarizes the activity of non-vested stock units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
148,428

 
$
78.53

 
132,086

 
$
74.58

 
144,374

 
$
59.94

Granted
86,827

 
66.46

 
85,601

 
79.22

 
77,282

 
86.53

Vested
(81,205
)
 
75.62

 
(69,259
)
 
71.82

 
(86,761
)
 
61.29

Forfeited
(2,695
)
 
69.57

 

 

 
(2,809
)
 
86.72

Balance at end of year
151,355

 
$
73.32

 
148,428

 
$
78.53

 
132,086

 
$
74.58

Summary of Activity of SARs Awards
The following table summarizes the activity of SARs awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
Balance at beginning of year
284,146

 
$
53.85

 
417,783

 
$
55.13

 
772,639

 
$
56.67

Granted

 

 

 

 

 

Exercised
(48,707
)
 
53.95

 
(143,822
)
 
53.73

 
(364,807
)
 
56.86

Special dividend adjustment

 

 
10,185

 
53.88

 
9,951

 
55.13

Balance at end of year
235,439

 
$
53.83

 
284,146

 
$
53.85

 
417,783

 
$
55.13

Summary of Activity of Non-vested LTIP Units
The following table summarizes the activity of the non-vested LTIP Units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
322,572

 
$
58.18

 
56,315

 
$
73.24

 
46,695

 
$
58.89

Granted
506,906

 
55.33

 
480,371

 
65.00

 
424,442

 
74.71

Vested
(192,846
)
 
69.93

 
(214,114
)
 
77.45

 
(414,822
)
 
73.13

Forfeited

 

 

 

 

 


Balance at end of year
636,632

 
$
52.36

 
322,572

 
$
58.18

 
56,315

 
$
73.24

Summary of Activity of Stock Options
The following table summarizes the activity of stock options for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Balance at beginning of year
10,565

 
$
56.77

 
10,314

 
$
58.15

 
10,068

 
$
59.57

Granted
25,000

 
57.55

 

 

 

 

Exercised

 

 

 

 

 

Special dividend adjustment

 

 
251

 
56.77

 
246

 
58.15

Balance at end of year
35,565

 
$
57.32

 
10,565

 
$
56.77

 
10,314

 
$
58.15

Summary of Activity of Non-vested Phantom Stock Units
The following table summarizes the activity of the non-vested phantom stock units for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
5,845

 
$
81.47

 

 
$

 
9,269

 
$
58.35

Granted
8,760

 
68.93

 
21,088

 
80.21

 
13,351

 
78.72

Vested
(10,551
)
 
71.69

 
(15,243
)
 
79.73

 
(20,162
)
 
72.17

Forfeited

 

 

 

 
(2,458
)
 
55.62

Balance at end of year
4,054

 
$
79.82

 
5,845

 
$
81.47

 

 
$

Compensation Cost Under the Share and Unit-based Plans
The following summarizes the compensation cost under the share and unit-based plans for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
Stock awards
$

 
$
20

 
$
252

Stock units
6,045

 
6,305

 
6,041

LTIP units
30,161

 
32,957

 
26,622

Stock options
85

 
16

 
16

Phantom stock units
714

 
1,231

 
1,444

 
$
37,005

 
$
40,529

 
$
34,375