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STOCK-BASED PLANS
 9 Months Ended
Sep. 30, 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 Annual Report.

 

Stock Options

 

The following table summarizes our stock option plan activity for the nine months ended September 30, 2017:

 

 

 

 

 

 

 

 

    

Stock
Options

    

Weighted
Average
Exercise Price

Stock Options outstanding at December 31, 2016

 

1,176,640

 

$

78.87

Granted

 

54,000

 

 

119.18

Exercised

 

(357,247)

 

 

58.45

Forfeited

 

(47,000)

 

 

104.82

Expired

 

(1,000)

 

 

57.77

Stock Options outstanding at September 30, 2017

 

825,393

 

 

88.89

 

Compensation costs related to stock options were $0.6 million and $1.6 million for the three and nine months ended September 30, 2017, respectively, of which $0.2 million and $0.4 million of costs were capitalized to development projects during the same periods. Compensation costs related to stock options were $1.2 million and $3.5 million for the three and nine months ended September 30, 2016, respectively, of which $0.3 million and $1.1 million were capitalized to development projects during the same periods.

 

Restricted Stock

 

The following table summarizes restricted stock activity for the nine months ended September 30, 2017:

 

 

 

 

 

 

 

 

    

Restricted
Stock

    

Weighted
Average Grant
Date Fair Value

Restricted stock outstanding at December 31, 2016

 

289,112

 

$

88.88

Granted

 

124,621

 

 

87.11

Vested

 

(23,629)

 

 

84.20

Forfeited

 

(31,370)

 

 

85.56

Restricted stock outstanding at September 30, 2017

 

358,734

 

 

88.86

 

Compensation expense related to restricted stock awards were $1.2 million and $4.1 million for the three and nine months ended September 30, 2017, respectively, of which $(0.3) million related to forfeitures and $0.2 million were capitalized to development projects during the same periods. Compensation costs related to restricted stock awards was $1.2 million and $4.4 million for the three and nine months ended September 30, 2016, respectively, of which $0.3 million and $0.9 million were capitalized to development projects during the same periods.