Stock-Based Compensation (Notes)

9 Months Ended

Sep. 30, 2013

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

The Company recorded stock-based compensation in general and administrative expenses in the accompanying Consolidated Statements of Operations, the components of which are further described below for the three and nine months ended September 30, 2013 and 2012 (in thousands):



		Three months ended September 30,					Nine months ended September 30,
		2013		2012			2013		2012
Restricted stock ⁽¹⁾	$	3,622		2,863		$	10,600		8,589
Directors' fees paid in common stock ⁽¹⁾		65		58			194		195
Capitalized stock-based compensation ⁽²⁾		(620	)	(492	)		(1,567	)	(1,453	)
Stock-based compensation, net of capitalization	$	3,067		2,429		$	9,227		7,331

⁽¹⁾Includes amortization of the grant date fair value of restricted stock awards over the respective vesting periods.

⁽²⁾Includes compensation expense specifically identifiable to development and leasing activities.

During 2013, the Company granted approximately 248,000 shares of restricted stock with a weighted-average grant-date fair value of $52.80 per share.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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