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Share Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2010
Share Incentive Plans (Tables) [Abstract] 
Compensation information
                                 
    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  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    Year Ended December 31, 2008  
    Compensation
Expense
    Compensation
Capitalized
    Compensation
Equity
    Dividends
Incurred
 

Performance shares

  $ (8   $ —       $ (8   $ —    

Restricted shares

    15,761       1,517       17,278       2,175  

Share options

    5,361       485       5,846       —    

ESPP discount

    1,197       92       1,289       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 22,311     $ 2,094     $ 24,405     $ 2,175  
   

 

 

   

 

 

   

 

 

   

 

 

 
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, 2007

    9,185,141     $ 32.37       1,178,188     $ 42.30                  

Awards granted (1)

    1,436,574     $ 38.46       524,983     $ 38.29                  

Awards exercised/vested (2) (3)

    (995,129   $ 24.75       (644,131   $ 35.99                  

Awards forfeited

    (113,786   $ 43.95       (63,029   $ 44.87                  

Awards expired

    (39,541   $ 35.91       —         —                    
   

 

 

   

 

 

   

 

 

   

 

 

                 

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  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) The weighted average grant date fair value for Options granted during the years ended December 31, 2010, 2009 and 2008 was $6.18 per share, $3.38 per share and $4.08 per share, respectively.
(2) The aggregate intrinsic value of options exercised during the years ended December 31, 2010, 2009 and 2008 was $39.6 million, $2.8 million and $15.6 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, 2010, 2009 and 2008 was $9.1 million, $8.0 million and $23.9 million, respectively.
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
 

$21.40 to $26.75

    2,974,937       6.18     $ 23.42       1,403,771     $ 23.82  

$26.76 to $32.10

    2,478,594       3.09     $ 29.99       2,478,594     $ 29.99  

$32.11 to $37.45

    1,374,888       9.01     $ 32.96       23,546     $ 32.23  

$37.46 to $42.80

    2,363,450       5.87     $ 40.44       2,023,316     $ 40.75  

$42.81 to $48.15

    4,202       5.32     $ 45.25       4,202     $ 45.25  

$48.16 to $53.50

    910,417       6.09     $ 53.19       853,222     $ 53.50  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

$21.40 to $53.50

    10,106,488       5.73     $ 33.00       6,786,651     $ 34.89  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Vested and expected to vest

as of December 31, 2010

    9,718,763       5.69     $ 33.12                  
   

 

 

   

 

 

   

 

 

                 

 

(1) The aggregate intrinsic value of options outstanding that are vested and expected to vest as of December 31, 2010 is $184.3 million.
(2) The aggregate intrinsic value and weighted average remaining contractual life in years of options exercisable as of December 31, 2010 is $117.1 million and 4.4 years, respectively.