XML 61 R45.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Incentive Plans (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Notes Tables |
Summary of Restricted Stock Under the Plan | Information with respect to restricted stock under the Plan for the six months ended June 30, 2024 and 2023 is as follows:
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Restricted stock outstanding as of January 1, |  |  | 2,746,116 |  |  |  | 2,605,970 |
Granted (1) |  |  | 872,150 |  |  |  | 893,880 |
Vested |  |  | (693,282 | ) |  |  | (714,202 | )
Forfeited |  |  | (20,710 | ) |  |  | (3,494 | )
Restricted stock outstanding as of June 30, |  |  | 2,904,274 |  |  |  | 2,782,154 |
(1) Th e weighted-average grant date fair value for restricted stock issued during the six months ended June 30, 2024 and 2023 was $19.47 and $21.30, respectively.
Summary of Performance Share Awards Under the Plan | Information with respect to performance share awards under the Plan for the six months ended June 30, 2024 and 2023 is as follows:
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Performance share awards outstanding as of January 1, |  |  | 989,860 |  |  |  | 1,004,040 |
Granted (1) |  |  | 377,690 |  |  |  | 531,200 |
Vested (2) |  |  | (458,660 | ) |  |  | (545,380 | )
Performance share awards outstanding as of June 30, |  |  | 908,890 |  |  |  | 989,860 |
(1) The weighted-average grant date fair value for performance shares issued during the six months ended June 30, 2024 and 2023 was $18.14 and $42.61, respectively. (2) For the six months ended June 30, 2024 and 2023, the corresponding common stock equivalent of these vested awards was 970,232 and 998,238 shares, respectively.
Aggregate Grant-date Fair Value of Performance-based LTIP Units Valued Using Monte Carlo Simulations Based on Significant Assumptions | The aggregate grant-date fair value of the Performance-Based LTIP Units for the six months ended June 30, 2024 was $3.7 million, valued using Monte Carlo simulations based on the following significant assumptions:
|  | Six Months Ended June 30, 2024 |
Expected volatility |  |  | 28.9 | %
Dividend yield |  |  | - |
Risk-free interest rate |  |  | 4.4 | %

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration