XML 42 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Summary of Activity Related to Stock Option Plans
A summary of the activities related to the Company’s stock option plans, as adjusted for the Stock Split, 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
(per Share)
 
Balances as of December 31, 2012
28,343,259

 
32,010,664

 
$
10.19

 
 
 
 
Granted
(4,499,040
)
 
4,499,040

 
29.85

 
 
 
 
Exercised

 
(11,821,418
)
 
10.54

 
 
 
 
Balances as of December 31, 2013
23,844,219

 
24,688,286

 
$
13.61

 
 
 
 
Granted
(3,819,011
)
 
3,819,011

 
57.55

 
 
 
 
Exercised

 
(5,661,880
)
 
10.81

 
 
 
 
Balances as of December 31, 2014
20,025,208

 
22,845,417

 
$
21.65

 
 
 
 
Granted
(3,179,892
)
 
3,179,892

 
82.67

 
 
 
 
Exercised

 
(5,029,553
)
 
15.38

 
 
 
 
Balances as of December 31, 2015
16,845,316

 
20,995,756

 
$
32.39

 
6.26
 
$
1,723,505

Vested and exercisable at
December 31, 2015
 
 
20,995,756

 
$
32.39

 
6.26
 
$
1,723,505

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 and the valuation data, as adjusted for the Stock Split:
 
 
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
Dividend yield
 
%
 
%
 
%
Expected volatility
 
36% - 53%

 
41% - 48%

 
51% - 54%

Risk-free interest rate
 
2.03% - 2.29%

 
2.39% - 2.83%

 
1.87% - 2.71%

Suboptimal exercise factor
 
2.47 - 2.48

 
2.66 - 5.44

 
2.33 - 3.92

Valuation data:
 
 
 
 
 
 
Weighted-average fair value (per share)
 
$
39.22

 
$
30.17

 
$
16.25

Total stock-based compensation expense (in thousands)
 
124,725

 
115,239

 
73,100

Total income tax impact on provision (in thousands)
 
47,125

 
43,999

 
28,096