STOCK-BASED PLANS

3 Months Ended

Mar. 31, 2017

STOCK-BASED PLANS

STOCK-BASED PLANS

NOTE 12 STOCK BASED PLANS

Our stock based plans are described and informational disclosures are provided in the Notes to the Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2016.

Stock Options

The following table summarizes our stock option plan activity for the quarter:

	Stock Options	Weighted Average Exercise Price
Stock Options outstanding at December 31, 2016	1,176,640	$	78.87
Granted	30,000		116.58
Exercised	(227,847)		58.36
Forfeited	(27,500)		79.53
Stock Options outstanding at March 31, 2017	951,293		84.95

Compensation costs related to stock options were $0.8 million for the three months ended March 31, 2017, of which $0.3 million were capitalized to development projects during the same period. Stock option costs were $1.6 million for the three months ended March 31, 2016, of which $0.6 million were capitalized to development projects during the same period.

Restricted Stock

The following table summarizes restricted stock activity for the quarter:

	Restricted Stock	Weighted Average Grant Date Fair Value
Restricted stock outstanding at December 31, 2016	289,112	$	88.88
Granted	90,451		75.45
Vested	—		—
Forfeited	(9,357)		90.58
Restricted stock outstanding at March 31, 2017	370,206		85.56

Compensation costs related to restricted stock awards were $1.4 million for the three months ended March 31, 2017, of which $0.3 million were capitalized to development projects during the same period. Compensation costs related to restricted stock awards were $1.7 million for the three months ended March 31, 2016, of which $0.3 million were capitalized to development projects during the same period.