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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity and Stock-based Compensation Disclosure [Abstract]  
Summary Of Activity Related To Stock Option Plans
A summary of the activities related to the Company’s stock option plans is as follows:
 
 
Shares Available
for Grant
 
Options Outstanding
 
Weighted- Average Remaining Contractual Term (in Years)
 
Aggregate
Intrinsic Value
(in Thousands)
 
Number of
Shares
 
Weighted- Average Exercise Price
 
Balances as of December 31, 2010
2,038,502

 
2,892,130

 
36.11

 
 
 
 
Authorized
5,700,000

 

 

 
 
 
 
Granted
(724,994
)
 
724,994

 
154.09

 
 
 
 
Exercised

 
(659,370
)
 
29.11

 
 
 
 
Balances as of December 31, 2011
7,013,508

 
2,957,754

 
66.59

 
 
 
 
Granted
(1,803,798
)
 
1,803,798

 
73.94

 
 
 
 
Exercised

 
(188,552
)
 
21.85

 
 
 
 
Canceled
48

 
(48
)
 
35.95

 
 
 
 
Expired
(1,160,721
)
 

 


 
 
 
 
Balances as of December 31, 2012
4,049,037

 
4,572,952

 
71.33

 
 
 
 
Granted
(642,720
)
 
642,720

 
208.94

 
 
 
 
Exercised

 
(1,688,774
)
 
73.75

 
 
 
 
Balances as of December 31, 2013
3,406,317

 
3,526,898

 
 
 
 
 
 
Vested and exercisable at
December 31, 2013
 
 
3,526,898

 
95.25

 
6.16
 
$
962,570

Summary Of Assumptions Used To Value Stock Option Grants Using Lattice-Binomial Model
The following table summarizes the assumptions used to value option grants using the lattice-binomial model:
 
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Dividend yield
 
%
 
%
 
%
Expected volatility
 
51% - 54%

 
55% - 65%

 
51% – 65%

Risk-free interest rate
 
1.87% - 2.71%

 
1.61% - 2.01%

 
2.05% – 3.42%

Suboptimal exercise factor
 
2.33 - 3.92

 
2.26 - 3.65

 
2.17 – 3.64

Summary Of Stock Repurchases
The following table presents a summary of the Company’s stock repurchases for the year ended December 31, 2011 (in thousands, except per share data):
 
Total number of shares repurchased
900

Dollar amount of shares repurchased
$
199,666

Average price paid per share
$
221.88

Range of price paid per share
$160.11 – $248.78