XML 44 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Share-based Compensation [Abstract]  
Summary of the status of the company's stock option plan
A summary of the Company’s stock option activity at December 31, 2015 and changes during the period are presented in the table below (share numbers and aggregate intrinsic values in thousands):
 
Number of
Options
Outstanding
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Balances, December 31, 2014
402

 
$
25.42

 
 
 
 
Granted

 

 
 
 
 

Exercised
(163
)
 
19.81

 
 
 
 

Forfeited, canceled or expired
(33
)
 
42.81

 
 
 
 
Balances, December 31, 2015
206

 
$
27.08

 
3.8
 
$
3,902

Options vested and expected to vest at December 31, 2015
206

 
$
27.07

 
3.8
 
$
3,898

Options vested at December 31, 2015
198

 
$
26.98

 
3.7
 
$
3,776

Assumption used to value options granted during the period
The assumptions used to value options granted during December 31, 2013 were as follows:

 
 
Year Ended December 31, 2013
Dividend yield
 

Annual risk free rate of return
 
0.8
%
Expected volatility
 
47.0
%
Expected term (years)
 
4.2

Summary of company restricted stock unit activity
A summary of the Company’s restricted stock unit activity for the year ended December 31, 2015, is as follows (share numbers in thousands):
 
Number of
Units
Outstanding
 
Weighted
Average
Grant Date
Fair Value
Awarded and unvested, December 31, 2014
3,704

 
$
42.17

Granted
2,412

 
44.43

Vested
(1,617
)
 
39.90

Forfeited
(1,349
)
 
43.99

Awarded and unvested, December 31, 2015
3,150

 
$
44.28

Restricted stock units expected to vest, December 31, 2015
2,714

 
 

Schedule of restricted award grant activity
The chart below summarizes grant activity during the year ended December 31, 2015 by equity plan (share numbers in thousands):
 
Grants in 2015
2006 Equity Incentive Plan
 
Restricted stock units (1)
1,355

Performance-based restricted stock units (2) (3)
637

Total grants under 2006 Plan
1,992

 
 
2015 Equity Incentive Plan
 
Restricted stock units (1)
155

Total grants under 2015 Plan
155

 
 
2015 Inducement Plan
 
Restricted stock units (4)
70

Performance-based restricted stock units (4)
108

Total grants pursuant to Inducement Awards
178

 
 
Inducement Plan
 
Restricted stock units (4)
44

Performance-based restricted stock units (4)
43

Total grants pursuant to Inducement Awards
87

 
 
Total awards granted in 2015
2,412