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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Stock-Based Compensation [Abstract]  
Schedule Of Assumptions Used To Estimate Fair Value Of Stock Options



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

For the year ended December 31,



 

 

2016

 

 

2015

 

 

2014



 

 

 

 

 

 

 

 

 

Risk free interest rate

 

 

1.11% - 1.43%

 

 

1.21% - 1.46%

 

 

1.15% - 1.37%

Dividend yield

 

 

0.0%

 

 

0.0%

 

 

0.0%

Expected volatility

 

 

20.0%

 

 

20.0%

 

 

22.0%

Expected lives

 

 

4.7 years

 

 

4.6 years

 

 

4.4 years



Company's Activities With Respect To Its Stock Options



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

Weighted-

 

 

 



 

 

 

Weighted-

 

Average

 

 

 



 

 

 

Average

 

Remaining

 

 

 



 

Number

 

Exercise Price

 

Contractual

 

Aggregate



 

of Shares

 

Per Share

 

Life (in years)

 

Intrinsic Value

Outstanding at December 31, 2013

 

2,979 

 

$

48.30 

 

 

 

 

 

Granted

 

1,121 

 

$

95.51 

 

 

 

 

 

Exercised

 

(780)

 

$

36.34 

 

 

 

 

 

Canceled

 

(44)

 

$

81.21 

 

 

 

 

 

Outstanding at December 31, 2014

 

3,276 

 

$

66.85 

 

 

 

 

 

Granted

 

1,076 

 

$

124.24 

 

 

 

 

 

Exercised

 

(495)

 

$

51.58 

 

 

 

 

 

Canceled

 

(63)

 

$

93.74 

 

 

 

 

 

Outstanding at December 31, 2015

 

3,794 

 

$

84.66 

 

 

 

 

 

Granted

 

1,357 

 

$

96.64 

 

 

 

 

 

Exercised

 

(603)

 

$

46.03 

 

 

 

 

 

Canceled

 

(101)

 

$

105.37 

 

 

 

 

 

Outstanding at December 31, 2016

 

4,447 

 

$

93.09 

 

4.6 

 

$

66,625 

Exercisable at December 31, 2016

 

1,633 

 

$

77.54 

 

3.3 

 

$

47,345 

Unvested at December 31, 2016

 

2,814 

 

$

102.11 

 

5.3 

 

$

19,280 



Additional Information Regarding Options Outstanding And Exercisable



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Options Outstanding

 

Options Exercisable



 

 

 

Weighted Average

 

Weighted

 

 

 

Weighted



 

 

 

Remaining

 

Average

 

 

 

Average

Range

 

Outstanding

 

Contractual Life

 

Exercise Price

 

Exercisable

 

Exercise Price



 

(in thousands)

 

(in years)

 

 

 

 

(in thousands)

 

 

 

$0.00 - $40.00

 

92 

 

0.6

 

$

35.06 

 

92 

 

$

35.06 

$40.01 - $70.00

 

435 

 

1.9

 

$

46.11 

 

435 

 

$

46.11 

$70.01 - $100.00

 

2,897 

 

4.9

 

$

91.00 

 

851 

 

$

84.18 

$100.01 - $130.00

 

1,023 

 

5.2

 

$

124.20 

 

255 

 

$

124.19 



 

4,447 

 

 

 

 

 

 

1,633 

 

 

 



Activity Of Options Outstanding Not Yet Vested



 

 

 

 

 



 

 

 

 

 



 

 

 

Weighted-



 

 

 

Average



 

Number

 

Fair Value



 

of Shares

 

Per Share



 

(in thousands)

 

 

 

Unvested as of December 31, 2015

 

2,445 

 

$

21.43 

Shares granted

 

1,357 

 

$

19.19 

Vesting during period

 

(897)

 

$

20.64 

Forfeited

 

(91)

 

$

20.82 

Unvested as of December 31, 2016

 

2,814 

 

$

20.62 



Company's Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Weighted-



 

 

 

 

 

 

 

 

Average



 

 

 

 

 

 

 

 

Grant Date



 

 

 

 

 

 

Number of

 

Fair Value per



 

 

 

 

 

 

Shares

 

Share



 

 

 

 

 

 

(in thousands)

 

 

 

Outstanding at December 31, 2015

 

 

 

 

 

 

277 

 

$

97.14 

Granted

 

 

 

 

 

 

137 

 

$

96.76 

Vested

 

 

 

 

 

 

(114)

 

$

84.44 

Forfeited/canceled

 

 

 

 

 

 

(9)

 

$

103.15 

Outstanding at December 31, 2016

 

 

 

 

 

 

291 

 

$

101.74 



Schedule Of Non-Cash Compensation Expense



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

For the year ended December 31,



 

2016

 

2015

 

2014



 

(in thousands)

Cost of revenues

 

$

418 

 

$

405 

 

$

386 

Selling, general and administrative

 

 

32,497 

 

 

28,342 

 

 

22,285 

Total cost of non-cash compensation included

 

 

 

 

 

 

 

 

 

in loss before provision for income taxes

 

 

32,915 

 

 

28,747 

 

 

22,671 

Amount of income tax recognized in earnings

 

 

 —

 

 

 —

 

 

 —

Amount charged against loss

 

$

32,915 

 

$

28,747 

 

$

22,671