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Forward Equity Sale Agreement
12 Months Ended
Dec. 31, 2014
Forward Equity Sale Agreements  
Forward Equity Sale Agreement
Forward Equity Sale Agreement
Under a forward equity agreement, the Company may sell shares of common stock up to an aggregate notional amount of $400.0 million. During 2012, the Company entered into contracts to sell a notional amount of $147.2 million at an average share price of $121.37. During 2013, the Company agreed to net settle $77.0 million notional amount of forward equity contracts for cash at an average share price of $185.56. During 2014, the Company net settled $70.2 million notional amount of forward equity contracts at an average share price of $198.71. At December 31, 2014, the Company had $252.8 million remaining notional amount that were available to sell under the forward equity agreement.