XML 56 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Plans (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
Summary stock options activity is presented in the table below:
 
 
 
 
 
Number of
Shares
 
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (years)
 
 
Aggregate
Intrinsic
Value
(thousands)
Balance at December 31, 2017 (2,206,415 shares exercisable)
 
3,231,493

 
$
42.42

 
 
 
 
Granted
 
264,982

 
$
111.45

 
 
 
 
Exercised
 
(892,344
)
 
$
19.35

 
 
 
 
Forfeited/Canceled
 
(41,561
)
 
$
72.88

 
 
 
 
Balance at December 31, 2018
 
2,562,570

 
$
57.10

 
5.9
 
$
118,448

Exercisable at December 31, 2018
 
1,637,801

 
$
39.64

 
4.5
 
$
102,752

Vested and expected to vest at December 31, 2018
 
2,203,542

 
$
49.53

 
5.4
 
$
116,461

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table provides the fair value of options granted under the SCP during 2018, 2017 and 2016, together with a description of the assumptions used to calculate the fair value using the Black-Scholes-Merton option-pricing model:
 
 
Year ended December 31,
 
 
2018
 
2017
 
2016
Volatility
 
29.8
%
 
28.8
%
 
33.3
%
Risk-free interest rate - weighted average
 
2.8
%
 
2.2
%
 
2.0
%
Risk-free interest rate - range
 
(a)

 
(a)

 
1.29% to 2.01%

Dividend yield
 
%
 
%
 
%
Assumed forfeitures
 
8.0
%
 
8.0
%
 
8.0
%
Expected lives
 
5.6 years

 
5.5 years

 
5.5 years

Weighted-average fair value (per share)
 
$
37.16

 
$
28.59

 
$
25.29

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
Summary restricted stock activity is presented in the table below:
 
 
 
 
Number of
Shares
 
Weighted
Average Grant
Date Fair
Value Per Share
Nonvested at December 31, 2017
 
432,336

 
$
72.09

Granted
 
103,304

 
$
107.88

Vested
 
(150,339
)
 
$
62.83

Forfeited
 
(13,460
)
 
$
72.00

Nonvested at December 31, 2018
 
371,841

 
$
85.78

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
The following table provides the weighted-average fair value of the ESPP stock purchase rights during the years ended December 31, 2018, 2017 and 2016 and the assumptions used to calculate the fair value using the Black-Scholes-Merton option-pricing model:

 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Volatility - weighted average
 
30.1
%
 
18.4
%
 
36.3
%
Volatility - range
 
23.5% to 36.7%

 
14.6% to 27.2%

 
20.0% to 50.1%

Risk-free interest rate - weighted average
 
2.01
%
 
0.89
%
 
0.24
%
Risk-free interest rate - range
 
1.73% to 2.45%

 
0.51% to 1.39%

 
0.22% to 0.29%

Dividend yield
 
%
 
%
 
%
Expected lives
 
3 months

 
3 months

 
3 months

Weighted-average fair value (per share)
 
$
17.22

 
$
15.81

 
$
14.42