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Share-Based and Other Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock Units Valuation Assumptions The total fair value of the Time-Based RSUs is based on the Company’s closing share price on the NYSE on the respective fair valuation dates as detailed in the table below:
2021 Time-Based RSU Grant2020 Time-Based RSU Grant2019 Time-Based RSU GrantDecember 2018 Time-Based RSU Grant
Service vesting periodJanuary & February 2021 - January 5, 2024January 31, 2020 - January 5, 2023February 1, 2019 - January 5, 2022December 27, 2018 - January 5, 2023
RSUs granted160,277109,359144,982298,384
Fair value on valuation date (in millions)$9.1 $9.0 $10.1 $18.5 
Weighted average fair value per share$57.07 $82.57 $69.89 $62.00 
Date of valuationJanuary 29,
February 18, 2021		January 31, 2020February 1, 2019December 27, 2018
2020, 2019, and 2018 Performance-Based RSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock Units Valuation Assumptions The following table summarizes the estimated number of RSUs earned for the 2021 and 2020 Performance-Based RSUs and the actual number of RSUs earned for the 2019 Performance-Based RSUs and the assumptions utilized in the Monte Carlo simulation pricing models:
202120202019
Service vesting periodFebruary 18, 2021 - January, 2024January 31, 2020 - January, 2023February 1, 2019 - January, 2022
Target RSUs granted172,430154,267143,396
Estimated RSUs earned (1)
281,333188,102220,151
Fair Value Assumptions:
Valuation dateFebruary 18, 2021January 31, 2020February 1, 2019
Fair value on valuation date (in millions)$10.6$12.9$10.2
Fair value per share on valuation date (2)
$63.93$84.54$72.57
Expected share price volatility35.0 %17.0 %19.0 %
Risk-free interest rate0.20 %1.35 %2.48 %
_____________________
(1)Estimated RSUs earned for the 2021 Performance-Based RSUs are based on the actual achievement of the 2021 FFO Performance Condition and assumes the target level of achievement for the 2021 Debt to EBITDA Ratio Performance Condition and the target level of achievement of the 2021 Market Condition. Estimated RSUs earned for the 2020 Performance-Based RSUs are based on the actual achievement of the 2020 FFO Performance Condition and assume target level achievement of the 2020 Market Condition and maximum level of achievement of the 2020 Debt to EBITDA Ratio Performance Condition. The 2019 Performance-Based RSUs earned are based on actual performance of the 2019 Performance Conditions and the 2019 Market Condition.
(2)For one participant, the fair value per share on the valuation date for their 2021, 2020, and 2019 Performance-Based RSUs is $66.95, $85.52 and $73.18, respectively.
December 2018 Market-Based RSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock Units Valuation Assumptions The following table summarizes the assumptions utilized in the Monte Carlo simulation pricing models:
December 2018 Market-Based RSU Award Fair Value Assumptions
Valuation dateDecember 27, 2018
Fair value per share on valuation date$68.66
Expected share price volatility23.0%
Risk-free interest rate2.4%
Market measure-based Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Units Award Activity
A summary of our performance and market-measure based RSU activity from January 1, 2021 through December 31, 2021 is presented below:
Nonvested RSUsVested RSUsTotal RSUs
AmountWeighted-Average
Fair Value
Per Share
Outstanding at January 1, 2021873,709 $72.06 46,775 920,484 
Granted281,333 57.85 46,430 327,763 
Vested(204,238)67.55 204,238 — 
Settled (1)
— — (298,871)(298,871)
Issuance of dividend equivalents (2)
26,760 66.14 1,431 28,191 
Forfeited(1,100)68.66 (3)(1,103)
Outstanding as of December 31, 2021 (3)
976,464 $68.75 — 976,464 
____________________
(1)Represents vested RSUs that were settled in shares of the Company’s common stock. Total shares settled include 141,601 shares that were tendered in accordance with the terms of the 2006 Plan to satisfy minimum statutory tax withholding requirements related to the RSUs settled. We accept the return of RSUs at the current quoted closing share price of the Company’s common stock to satisfy tax obligations.
(2)Represents the issuance of dividend equivalents earned on the underlying RSUs. The dividend equivalents vest based on terms specified under the related RSU award agreement.
(3)Outstanding RSUs as of December 31, 2021 represent the actual achievement of the FFO performance conditions and assumes target levels for the market and other performance conditions. The number of restricted stock units ultimately earned is subject to change based upon actual performance over the three-year vesting period. Dividend equivalents earned will vest along with the underlying award and are also subject to changes based on the number of RSUs ultimately earned for each underlying award.
A summary of our performance and market-measure based RSU activity for the years ended December 31, 2021, 2020 and 2019 is presented below:

RSUs GrantedRSUs Vested
Years ended December 31,
Non-Vested
RSUs Granted (1)
Weighted-Average
Fair Value
Per Share		Vested RSUsTotal Vest-Date Fair Value
(in thousands)
2021281,333 $57.85 (252,098)$14,299 
2020154,267 85.08 (270,054)19,471 
2019231,191 71.12 (265,737)18,703 
____________________
(1)Non-vested RSUs granted are based on the actual achievement of the FFO performance conditions and assumes target level achievement for the market and other performance conditions.
Time-Based Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Units Award Activity
A summary of our time-based RSU activity from January 1, 2021 through December 31, 2021 is presented below:
Nonvested RSUsVested RSUsTotal RSUs
AmountWeighted Average Fair Value
Per Share
Outstanding at January 1, 2021494,365 $67.97 1,096,886 1,591,251 
Granted172,181 57.83 — 172,181 
Vested(118,704)71.05 118,704 — 
Settled (1)
——(486,941)(486,941)
Issuance of dividend equivalents (2)
15,587 67.18 26,134 41,721 
Forfeited(23,700)67.99 — (23,700)
Canceled (3)
——(1,710)(1,710)
Outstanding as of December 31, 2021539,729 $64.03 753,073 1,292,802 
____________________
(1)Represents vested RSUs that were settled in shares of the Company’s common stock. Total shares settled include 219,683 shares that were tendered in accordance with the terms of the 2006 Plan to satisfy minimum statutory tax withholding requirements related to the RSUs settled. We accept the return of RSUs at the current quoted closing share price of the Company’s common stock to satisfy tax obligations.
(2)Represents the issuance of dividend equivalents earned on the underlying RSUs. The dividend equivalents vest based on terms specified under the related RSU award agreement.
(3)For shares vested but not yet settled, we accept the return of RSUs at the current quoted closing share price of the Company’s common stock to satisfy minimum statutory tax-withholding requirements related to either the settlement or vesting of RSUs in accordance with the terms of the 2006 Plan.

A summary of our time-based RSU activity for the years ended December 31, 2021, 2020 and 2019 is presented below:
RSUs GrantedRSUs Vested
Year ended December 31,Non-Vested
RSUs Issued		Weighted-Average Grant Date
Fair Value
Per Share		Vested RSUs
Total Vest-Date Fair Value (1)
(in thousands)
2021172,181 $57.83 (144,838)$8,605 
2020120,769 79.74 (208,608)15,066 
2019153,005 70.31 (182,219)12,227 
____________________
(1)    Total fair value of RSUs vested was calculated based on the quoted closing share price of the Company’s common stock on the NYSE on the day of vesting. Excludes the issuance of dividend equivalents earned on the underlying RSUs. The dividend equivalents vest based on terms specified under the related RSU award agreement.