Share-Based Compensation (Details) (USD $)
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3 Months Ended | 0 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Mar. 05, 2015
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Options | |||
Exercised (in shares) | 70,374us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised | 26,614us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised | |
Performance share units | |||
Assumptions used to value stock awards | |||
Weighted average grant date fair value (in dollars per share) |
36.76us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember |
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Baseline value per common share (in dollars per share) |
29.28ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsBaselineCommonShareValue / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember |
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Expected volatility of common shares (as a percent) |
19.90%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember |
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Risk-free interest rate (as a percent) |
0.99%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember |
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Restricted shares | |||
Share-Based Compensation | |||
Stock awards granted (in shares or units) |
177,674us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod / us-gaap_AwardTypeAxis = ofc_RestrictedSharesMember |
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Aggregate grant date fair value |
5,200,000ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodAggregateFairValue / us-gaap_AwardTypeAxis = ofc_RestrictedSharesMember |
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Assumptions used to value stock awards | |||
Weighted average grant date fair value (in dollars per share) |
29.46us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue / us-gaap_AwardTypeAxis = ofc_RestrictedSharesMember |
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Other Share-based Compensation Additional Disclosures | |||
Shares vested (in shares) |
127,444us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod / us-gaap_AwardTypeAxis = ofc_RestrictedSharesMember |
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Weighted average fair value of shares vested (in dollars per share) |
26.01us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue / us-gaap_AwardTypeAxis = ofc_RestrictedSharesMember |
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Aggregate intrinsic value of restricted common shares, forfeiture restrictions lapsed |
3,700,000ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalIntrinsicValue / us-gaap_AwardTypeAxis = ofc_RestrictedSharesMember |
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Options | |||
Options | |||
Exercised (in shares) |
70,374us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised / us-gaap_AwardTypeAxis = us-gaap_StockOptionMember |
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Weighted average exercise price (in dollars per share) |
26.23us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice / us-gaap_AwardTypeAxis = us-gaap_StockOptionMember |
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Aggregate intrinsic value of options exercised (in dollars) |
291,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue / us-gaap_AwardTypeAxis = us-gaap_StockOptionMember |
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2014 PSU Grants | Performance share units | |||
Share-Based Compensation | |||
Stock awards granted (in shares or units) |
45,656us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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Aggregate grant date fair value |
$ 1,700,000ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodAggregateFairValue / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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Potential earned PSUs payout for defined levels of performance under awards | |||
Earned PSUs payout (as a percent of PSUs granted) on 75th or greater percentile rank |
200.00%ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardOfEarnedPerformanceShareUnitsPayoutPercentageBasedOnPercentileRankGreaterThanOrEqualsTo75 / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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Earned PSUs payout (as a percent of PSUs granted) on 50th percentile rank |
100.00%ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardOfEarnedPerformanceShareUnitsPayoutPercentageBasedOnPercentileRankEqualsTo50 / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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Earned PSUs payout (as a percent of PSUs granted) on 25th percentile rank |
50.00%ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardOfEarnedPerformanceShareUnitsPayoutPercentageBasedOnPercentileRankEqualsTo25 / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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Performance share units granted on percentile rank below 25th (as a percent) |
0.00%ofc_ShareBasedCompensationArrangementByShareBasedPaymentAwardOfEarnedPerformanceShareUnitsPayoutPercentageBasedOnPercentileRankLessThan25 / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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The number of percentile ranks to fall between to earn interpolated PSUs between such percentile ranks, conditioned on the percentile rank exceeding 25% |
2ofc_NumberOfPercentileRanksToFallBetweenToEarnInterpolatedPsu / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2014PSUGrantsMember |
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A2012PSUGrants [Member] | Performance share units | |||
Assumptions used to value stock awards | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares issued for Awards Vested in Period |
40,309ofc_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsSharesissuedforAwardsVestedinPeriod / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2012PSUGrantsMember |
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2013 PSU Grants [Member] | Performance share units | Former Chief Financial Officer [Member] | |||
Assumptions used to value stock awards | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares issued for Awards Vested in Period |
15,289ofc_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsSharesissuedforAwardsVestedinPeriod / us-gaap_AwardTypeAxis = ofc_PerformanceShareUnitsMember / us-gaap_PlanNameAxis = ofc_A2013PSUGrantsMember / us-gaap_TitleOfIndividualAxis = ofc_FormerChiefFinancialOfficerMember |
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- Definition
The number of percentile ranks to fall between to earn interpolated PSUs between such percentile ranks, conditioned on the percentile rank exceeding 25%. No definition available.
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- Definition
The aggregate fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). No definition available.
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- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares issued for Awards Vested in Period No definition available.
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- Definition
The total intrinsic value of equity-based payment equity instruments, excluding stock (or unit) options, that vested during the reporting period as calculated by applying the disclosed pricing methodology. No definition available.
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- Definition
Represents the baseline common share value that is used in valuing the grant date fair value of awards. No definition available.
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- Definition
Represents the earned performance share units payout, as a percentage of performance share units granted, if the entity's total shareholder return relative to a peer group of companies ranks at the 25th percentile. No definition available.
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Represents the earned performance share units payout, as a percentage of performance share units granted, if the entity's total shareholder return relative to a peer group of companies ranks at the 50th percentile. No definition available.
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- Definition
Represents the earned performance share units payout, as a percentage of performance share units granted, if the entity's total shareholder return relative to a peer group of companies ranks at the 75th percentile or greater. No definition available.
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Represents the earned performance share units payout percentage based on percentile rank below 25. No definition available.
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- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
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- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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