Long-Term Compensation (Tables)

12 Months Ended

Dec. 31, 2014

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


	2014		2013		2012 (1)
Risk free interest rate		0.67%		0.39%		0.17%
Expected volatility		38%		38%		23%
Aggregate fair value	$	23,100	$	23,900	$	36,100

(1)	These assumptions are based on the date the grant was modified in 2013.

RSU and PSA [Member]

Stock Options, RSU and Performance Share Awards

The activity for the year ended December 31, 2014 with respect to our RSUs was as follows (awards in thousands):


	Number of Unvested RSUs		Weighted Average Grant-Date Fair Value		Number of Awards Vested
Balance at January 1, 2014		2,266	$	36.82		79

Granted		1,329		40.85
Vested and distributed		(1,019)		35.70
Forfeited		(55)		38.20

Balance at December 31, 2014		2,521	$	39.38		106

Restricted Operating Partnership Units [Member]

Stock Options, RSU and Performance Share Awards

The activity for the year ended December 31, 2014 with respect to the LTIP Units issued under the PPP (as explained above) was as follows (units in thousands):


	Number of Unvested LTIP Units		Weighted Average Grant-Date Fair Value
Balance at January 1, 2014		-	$	-
Granted		113		41.43
Vested and distributed		-		-
Forfeited		-		-

Balance at December 31, 2014		113	$	41.43

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details