XML 57 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Share Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2011
Share Incentive Plans (Tables) [Abstract]  
Compensation information
 
Year Ended December 31, 2011
 
Compensation
Expense
 
Compensation
Capitalized
 
Compensation
Equity
 
Dividends
Incurred
Restricted shares
$
8,041

 
$
1,061

 
$
9,102

 
$
1,121

LTIP Units
3,344

 
297

 
3,641

 
199

Share options
8,711

 
834

 
9,545

 
—

ESPP discount
1,081

 
113

 
1,194

 
—

Total
$
21,177

 
$
2,305

 
$
23,482

 
$
1,320


 
Year Ended December 31, 2010
 
Compensation
Expense
 
Compensation
Capitalized
 
Compensation
Equity
 
Dividends
Incurred
Restricted shares
$
8,603

 
$
1,178

 
$
9,781

 
$
1,334

LTIP Units
2,334

 
190

 
2,524

 
138

Share options
6,707

 
714

 
7,421

 
—

ESPP discount
1,231

 
59

 
1,290

 
—

Total
$
18,875

 
$
2,141

 
$
21,016

 
$
1,472


 
Year Ended December 31, 2009
 
Compensation
Expense
 
Compensation
Capitalized
 
Compensation
Equity
 
Dividends
Incurred
Performance shares
$
103

 
$
76

 
$
179

 
$
—

Restricted shares
10,065

 
1,067

 
11,132

 
1,627

LTIP Units
1,036

 
158

 
1,194

 
254

Share options
5,458

 
538

 
5,996

 
—

ESPP discount
1,181

 
122

 
1,303

 
—

Total
$
17,843

 
$
1,961

 
$
19,804

 
$
1,881
Award activity of the Share Incentive Plans
 
Common
Shares Subject
to Options
 
Weighted
Average
Exercise Price
per Option
 
Restricted
Shares
 
Weighted
Average Fair
Value per
Restricted Share
 
LTIP
Units
 
Weighted
Average Fair
Value per
LTIP Unit
Balance at December 31, 2008
9,473,259

 

$33.94

 
996,011

 

$44.16

 
—

 
—

Awards granted (1)
2,541,005

 

$23.08

 
362,997

 

$22.62

 
155,189

 

$21.11

Awards exercised/vested (2) (3)
(422,713
)
 

$21.62

 
(340,362
)
 

$42.67

 
—

 
—

Awards forfeited
(146,151
)
 

$30.07

 
(64,280
)
 

$35.28

 
(573
)
 

$21.11

Awards expired
(95,650
)
 

$32.21

 
—

 
—

 
—

 
—

Balance at December 31, 2009
11,349,750

 

$32.03

 
954,366

 

$37.10

 
154,616

 

$21.11

Awards granted (1)
1,436,115

 

$33.59

 
270,805

 

$34.85

 
94,096

 

$32.97

Awards exercised/vested (2) (3)
(2,506,645
)
 

$28.68

 
(278,183
)
 

$52.25

 
—

 
—

Awards forfeited
(76,275
)
 

$29.43

 
(35,038
)
 

$30.84

 
(1,204
)
 

$21.11

Awards expired
(96,457
)
 

$42.69

 
—

 
—

 
—

 
—

Balance at December 31, 2010
10,106,488

 

$33.00

 
911,950

 

$32.05

 
247,508

 

$25.62

Awards granted (1)
1,491,311

 

$53.70

 
170,588

 

$53.99

 
223,452

 

$46.64

Awards exercised/vested (2) (3) (4)
(2,945,950
)
 

$32.27

 
(258,068
)
 

$38.32

 
(101,988
)
 

$38.57

Awards forfeited
(41,559
)
 

$35.14

 
(126,960
)
 

$37.19

 
(1,352
)
 

$27.79

Awards expired
(16,270
)
 

$44.13

 
—

 
—

 
—

 
—

Balance at December 31, 2011
8,594,020

 

$36.81

 
697,510

 

$34.17

 
367,620

 

$34.80


(1)
The weighted average grant date fair value for Options granted during the years ended December 31, 2011, 2010 and 2009 was $8.18 per share, $6.18 per share and $3.38 per share, respectively.
(2)
The aggregate intrinsic value of options exercised during the years ended December 31, 2011, 2010 and 2009 was $74.8 million, $39.6 million and $2.8 million, respectively. These values were calculated as the difference between the strike price of the underlying awards and the per share price at which each respective award was exercised.
(3)
The fair value of restricted shares vested during the years ended December 31, 2011, 2010 and 2009 was $14.0 million, $9.1 million  and $8.0 million, respectively.
(4)
The fair value of LTIP Units vested during the year ended December 31, 2011 was $5.5 million.
Information regarding options outstanding and exercisable
 
 
Options Outstanding (1)
 
Options Exercisable (2)
Range of Exercise Prices
 
Options
 
Weighted
Average
Remaining
Contractual Life in Years
 
Weighted
Average
Exercise Price
 
Options
 
Weighted
Average
Exercise Price
$18.70 to $24.93
 
2,101,071

 
5.79

 

$23.17

 
1,335,909

 

$23.23

$24.94 to $31.16
 
755,411

 
1.19

 

$28.34

 
755,411

 

$28.34

$31.17 to $37.39
 
1,896,070

 
6.27

 

$32.53

 
1,019,788

 

$32.16

$37.40 to $43.62
 
1,617,066

 
5.14

 

$40.56

 
1,617,066

 

$40.56

$43.63 to $49.86
 
61,397

 
8.52

 

$48.40

 
4,202

 

$45.25

$49.87 to $56.09
 
2,119,010

 
7.93

 

$53.52

 
683,174

 

$53.50

$56.10 to $62.32
 
43,995

 
9.47

 

$59.23

 
—

 
—

$18.70 to $62.32
 
8,594,020

 
5.94

 

$36.81

 
5,415,550

 

$34.64

Vested and expected to vest
as of December 31, 2011
 
8,507,188

 
5.91

 

$36.68

 
 

 
 


(1)
The aggregate intrinsic value of options outstanding that are vested and expected to vest as of December 31, 2011 is $173.2 million.
(2)
The aggregate intrinsic value and weighted average remaining contractual life in years of options exercisable as of December 31, 2011 is $121.3 million and 4.5 years, respectively.