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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of information relating to options
The following table sets forth information relating to such options during 2013, 2012, and 2011:
Stock Option Activity
Number Of
Shares
 
Average
Exercise
Price
 
Weighted-
Average
Grant Date
Fair Value
Balance, January 1, 2011
4,468,341

 
$
18.48

 
 
Options exercised
(765,693
)
 
15.76

 
 
Options forfeited
(45,369
)
 
22.30

 
 
Options terminated
(7,011
)
 
8.03

 


Options granted
1,287,152

 
42.18

 
$
15.44

Balance, December 31, 2011
4,937,420

 
25.08

 
 
Options exercised
(1,679,359
)
 
19.14

 
 
Options forfeited
(51,573
)
 
37.67

 
 
Options terminated
(10,995
)
 
15.74

 
 
Options granted
828,991

 
49.01

 
16.67

Balance, December 31, 2012
4,024,484

 
32.33

 
 
Options exercised
(1,464,294
)
 
23.46

 
 
Options forfeited
(95,139
)
 
52.17

 
 
Options terminated
(1,381
)
 
42.26

 
 
Options granted
421,385

 
76.70

 
19.26

Balance, December 31, 2013
2,885,055

 
42.60

 


Schedule of summary of non-vested option activity for the period
The following is a summary of non-vested option activity for the year ended December 31, 2013:
Stock Option Activity
Number Of
Shares
 
Weighted-
Average
Grant Date
Fair Value
Non-vested options outstanding at beginning of year
2,067,673

 
$
14.90

Granted
421,385

 
19.26

Vested / exercised
(1,101,080
)
 
12.83

Forfeited
(105,053
)
 
16.44

Non vested options outstanding at end of year
1,282,925

 


Schedule of stock options outstanding and exercisable by exercise price range
A summary of our stock options outstanding and exercisable at December 31, 2013, follows:
Exercise Price Range
Number
Outstanding
 
Number
Exercisable
 
Outstanding Weighted-
Average
Remaining
Contractual
Life (Years)
 
Exercisable
Weighted-
Average
Exercise
Price
$0 - $10
253,551

 
253,551

 
0.35
 
$
9.79

$20 - $30
644,916

 
644,916

 
1.34
 
27.75

$30 - $40
11,192

 
5,794

 
2.61
 
37.06

$40 - $50
1,550,004

 
689,602

 
2.84
 
44.07

$60 - $70
24,787

 
8,267

 
3.93
 
66.57

$70 - $80
398,380

 

 
4.33
 

$80 - $90
2,225

 

 
4.49
 

 
2,885,055

 
1,602,130

 
 
 
 
Schedule of the assumptions used for estimating the fair value of stock options granted during the period
The following summarizes the assumptions used for estimating the fair value of stock options granted during 2013, 2012 and 2011, respectively.
 
2013
 
2012
 
2011
Expected volatility
32.3% - 34.3%
 
35.8% - 46.4%
 
46.5% -50.7%
Weighted average expected volatility
33.3%
 
40.6%
 
48.7%
Expected term
3.00 - 4.00 years
 
3.00 - 4.00 years
 
3.00 - 4.00 years
Risk-free rate
0.61%
 
0.55%
 
1.43%
Dividend yield
—%
 
—%
 
—%