Stock-Based Compensation

6 Months Ended

Jun. 30, 2014

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 (in thousands):



	Three months ended June 30,					Six months ended June 30,
	2014			2013		2014			2013
Restricted stock ⁽¹⁾	$	2,915		3,622		$	5,831		6,978
Directors' fees paid in common stock ⁽¹⁾	61			70		113			129
Capitalized stock-based compensation ⁽²⁾	(714		)	(557	)	(1,410		)	(948	)
Stock-based compensation, net of capitalization	$	2,262		3,135		$	4,534		6,159

⁽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 2014, the Company granted 256,941 shares of restricted stock with a weighted-average grant-date fair value of $48.14 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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