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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Key Components of Share-based Awards

The following table outlines key components of the 2016 and 2015 OPP Plans:

	2016 OPP Plan		2015 OPP Plan
Maximum bonus pool, in millions	$17.5		$15.0
Performance period	1/1/2016 to 12/31/2018		1/1/2015 to 12/31/2017

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The per unit fair value of one-time retention award granted was estimated on the date of grant using the following assumptions in the Monte Carlo valuation:

	Assumptions
Expected price volatility for the Company	23.00%
Expected price volatility for the particular REIT index	18.00%
Risk-free rate	1.63%
Dividend yield	3.20

The per unit fair value of OPP award granted was estimated on the date of grant using the following assumptions in the Monte Carlo valuation:

	2016		2015		2014
Expected price volatility for the Company	24.00%		22.00%		28.00%
Expected price volatility for the particular REIT index	17.00%		22.00%		26.00%
Risk-free rate	1.09%		1.13%		0.77%
Dividend yield	2.40		1.50		1.50

Nonvested Restricted Stock Shares Activity

The following table summarizes the activity and status of all unvested awards:

		2016							2015							2014
		Shares			Weighted-Average Grant-Date Fair Value				Shares			Weighted-Average Grant-Date Fair Value				Shares			Weighted-Average Grant-Date Fair Value
Unvested at January 1		827,950			$	28.92			543,707			$	26.43			541,180			$	19.98
Granted		489,826			30.95				629,504			29.01				281,491			29.38
Vested		(430,597	)		26.75				(335,544	)		24.80				(275,051	)		16.83
Canceled		—			—				(9,717	)		38.17				(3,913	)		20.44
Unvested at December 31		887,179			$	31.09			827,950			$	28.92			543,707			$	26.43

Year Ended December 31,		Non-Vested Shares Issued			Weighted Average Grant - Date Fair Value				Vested Shares			Total Vest-Date Fair Value (in thousands)
2016		489,826			$	30.95			(430,597	)		$	14,736
2015		629,504			29.01				(335,544	)		9,606
2014		281,491			29.38				(275,051	)		9,794

Stock Compensation Related to OPP Plans and Restricted Stock Awards

The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards:    

	For the Year Ended December 31,												Consolidated Financial
	2016				2015				2014				Statement Classification
Expensed stock compensation	$	14,144			$	8,421			$	7,559			General and administrative expenses
Capitalized stock compensation	510				411				420				Deferred leasing costs and lease intangibles, net and tenant improvements
Total stock compensation	$	14,654			$	8,832			$	7,979			Additional paid-in capital and non-controlling interest—units in the operating partnership

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Schedule Of Share-based Compensation Arrangement By Share-based Payment Award, Performance-based Units, Additional Information [Table Text Block]

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
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