XML 86 R69.htm IDEA: XBRL DOCUMENT v3.10.0.1
SHARE-BASED COMPENSATION - Additional Information (Details)
12 Months Ended
Sep. 27, 2018
Feb. 22, 2018
USD ($)
company
shares
Feb. 24, 2017
Feb. 08, 2016
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
Dec. 31, 2016
USD ($)
$ / shares
shares
Dec. 31, 2015
shares
Jan. 07, 2015
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized share-based compensation expense for nonvested awards         $ 25,800,000        
Period for recognition of share-based compensation expense for nonvested awards         3 years 5 months 4 days        
Term of share-based compensation awards         10 years        
Weighted average remaining contractual term of options outstanding         8 years 1 month 3 days        
Weighted average grant date fair value of options granted (in dollars per share) | $ / shares         $ 4.68 $ 5.10 $ 3.56    
Number of options exercised (in shares) | shares         0 0 8,501    
Cash received from options exercised             $ 200,000    
Intrinsic value of options exercised             $ 26,000    
Intrinsic value of options outstanding         $ 0        
Intrinsic value of options exercisable         $ 0        
Stock Options                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Expected option life 7 years 6 years 3 months 6 years 3 months 6 years 3 months          
Expected volatility 30.42% 32.23% 25.06% 23.94%          
Risk-free interest rate 3.00% 2.73% 1.93% 1.31%          
Term of share-based compensation awards         10 years        
Stock Options | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period         3 years        
Stock Options | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period         5 years        
Restricted Stock                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of awards granted (in shares) | shares         103,814 104,698 117,399    
Weighted average grant date fair value of options granted (in dollars per share) | $ / shares         $ 21.65 $ 27.69 $ 24.55    
Number of awards vested (in shares) | shares         84,185 53,236 15,977    
Grant date fair value of vested awards         $ 2,200,000 $ 1,300,000 $ 400,000    
Number of unvested awards (in shares) | shares         162,577 175,430 129,395 30,717  
Restricted Stock | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period           1 year      
Restricted Stock | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period         4 years        
LTIP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of equity awards issued (in shares) | shares         444,954 31,734      
Award vesting period         2 years        
Number of awards vested (in shares) | shares         24,722 16,789 39,439    
Number of unvested awards (in shares) | shares         480,227        
Weighted average remaining contractual period of nonvested awards         4 years        
DSUs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of equivalent shares per common stock (in shares) | shares         1        
Omnibus Share Plan 2015                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of shares authorized (in shares) | shares                 15,000,000
Omnibus Share Plan 2015 | DSUs | Trustees                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share-based compensation expense         $ 200,000        
Number of awards granted (in shares) | shares         13,656        
Weighted average grant date fair value of options granted (in dollars per share) | $ / shares         $ 19.33        
2015 OPP | OPP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Aggregate notional amount         $ 10,200,000        
Grant date fair value of plan         $ 3,900,000        
Expected volatility         25.00%        
Risk-free interest rate         1.20%        
2015 OPP | OPP Units | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Expected daily return rate compared to peers         19.00%        
2015 OPP | OPP Units | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Expected daily return rate compared to peers         27.00%        
2017 OPP | OPP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Aggregate notional amount         $ 12,000,000        
Grant date fair value of plan         $ 4,100,000        
Expected volatility         19.70%        
Risk-free interest rate         1.50%        
2015 and 2017 OPPs | OPP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
OPP award threshold, TSR level required         7.00%        
OPP award threshold, TSR level required for multi-year period         21.00%        
OPP award threshold, TSR multi-year duration         3 years        
Expected dividend rate         10.00%        
Expected option life         3 years        
Period for recognition of nonvested awards         5 years        
Share-based compensation expense         $ 1,700,000 $ 2,000,000 $ 1,100,000    
Unrecognized share-based compensation expense for nonvested awards         $ 2,400,000        
Period for recognition of share-based compensation expense for nonvested awards         1 year 5 months 3 days        
2015 and 2017 OPPs | OPP Units | Year three                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting rights percentage         50.00%        
2015 and 2017 OPPs | OPP Units | Year four                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting rights percentage         25.00%        
2015 and 2017 OPPs | OPP Units | Year five                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting rights percentage         25.00%        
2018 LTI Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Equity award percentage of absolute component of TSR equal to 18%   18.00%              
Equity award percentage of absolute component of TSR equal to 27%   27.00%              
Equity award percentage of absolute component of TSR equal to 36%   36.00%              
Number of REIT peer groups | company   14              
Equity award percentage of relative component TSR equal to 35 percentile of peer group   3500.00%              
Equity award percentage of relative component TSR equal to 55 percentile of peer group   5500.00%              
Equity award percentage of relative component TSR equal to 75 percentile of peer group   7500.00%              
2018 LTI Plan | LTIP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of equity awards issued (in shares) | shares   328,107              
Equity award earned percentage based on absolute TSR component equal to 18%   40.00%              
Equity award earned percentage based on absolute TSR component equal to 27%   100.00%              
Equity award earned percentage based on absolute TSR component equal to 36%   165.00%              
Equity award earned percentage based on relative TSR component of 35 percentile of peer group   40.00%              
Equity award earned percentage based on relative TSR component of 55 percentile of peer group   100.00%              
Equity award earned percentage based on relative TSR component of 75 percentile of peer group   165.00%              
2018 LTI Plan | Performance-Based Shares                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
OPP award threshold, TSR multi-year duration   3 years              
Grant date fair value of plan   $ 3,600,000              
Weighted percentage of equity awards   $ 0.8              
Equity award earned percentage based on absolute TSR component equal to 18%   25.00%              
Equity award earned percentage based on relative TSR component of 35 percentile of peer group   75.00%              
2018 LTI Plan | Time-Based Shares                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Grant date fair value of plan   $ 700,000              
Weighted percentage of equity awards   $ 0.2              
Number of awards granted (in shares) | shares   33,172              
2018 LTI Plan | Time-Based Shares | Board of Directors Chairman                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period   3 years              
2018 LTI Plan | Time-Based Shares | Chief Executive Officer                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period   4 years              
2018 Inducement Equity Plan | Stock Options                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Grant date fair value of plan         $ 9,300,000        
Number of awards granted (in shares) | shares         2,000,000        
2018 Inducement Equity Plan | Restricted LTIP Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Grant date fair value of plan         $ 7,200,000        
Number of awards granted (in shares) | shares         352,890