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SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of share-based compensation expense
Share-based compensation expense, which is included in general and administrative expenses in our consolidated and combined statements of income, is summarized as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(Amounts in thousands)
2016
 
2015
 
2016
 
2015
Share-based compensation expense components:
 
 
 
 
 
 
Restricted share expense
$
352

 
$
82

 
$
968

 
$
145

Stock option expense
604

 
552

 
1,833

 
1,338

LTIP expense
95

 
202

 
378

 
7,531

Outperformance Plan (“OPP”) expense(1)
308

 
43

 
901

 
134

Total Share-based compensation expense
$
1,359

 
$
879

 
$
4,080

 
$
9,148

(1) OPP Expense for the three months ended September 30, 2016 and 2015 includes $35,000 and $43,000, respectively, and $112,000 and $134,000 for the nine months ended September 30, 2016 and 2015, respectively, of unrecognized compensation expense of awards issued under Vornado’s OPP for UE employees who were previously Vornado employees. The remaining OPP unrecognized compensation expense was transferred from Vornado to UE as of the separation date and is amortized on a straight-line basis over the remaining life of the OPP awards issued.