Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Summary of Reconciliation of Noncontrolling Interests

The following is a reconciliation of the Parent Company’s noncontrolling redeemable Operating Partnership Units and the Operating Parnership’s limited partners’ redeemable capital interest for the year ending December 31:

 

(Dollars in thousands)

 

2017

 

 

2016

 

Beginning balance

 

$

18,091

 

 

$

18,171

 

Redemption of units

 

 

 

 

 

(4,795

)

Issuance of units

 

 

 

 

 

9,516

 

Net income attributable to noncontrolling interests in

   Operating Partnership

 

 

444

 

 

 

398

 

Distributions

 

 

(859

)

 

 

(742

)

Adjustment to redemption value

 

 

1,697

 

 

 

(4,457

)

Ending balance

 

$

19,373

 

 

$

18,091

 

 

Performance Based Nonvested [Member]  
Schedule of Weighted Average Fair Value of Options Granted

The fair value for the performance based awards in 2017, 2016 and 2015 was estimated at the time the awards were granted using a Monte Carlo pricing model applying the following weighted-average assumptions:

 

 

2017

 

 

2016

 

 

2015

 

Expected life (years)

 

 

3.0

 

 

 

3.0

 

 

 

3.0

 

Risk free interest rate

 

 

1.79

%

 

 

1.53

%

 

 

1.33

%

Expected volatility

 

 

19.92

%

 

 

19.37

%

 

 

18.88

%

Fair value

 

$

82.06

 

 

$

80.24

 

 

$

101.43