XML 56 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock plans (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options, activity during the period
Activity with respect to options for the six months ended June 30, 2016 was as follows:
 
Options
 
Weighted Average Grant Date Fair Value
 
Weighted Average Grant Date Exercise Price
Options outstanding, December 31, 2015
65,401

 
$
7.74

 
$
20.17

Options exercised
(14,044
)
 
7.69

 
17.02

Options outstanding, June 30, 2016
51,357

 
$
7.75

 
$
21.03

Activity with respect to options for the six months ended June 30, 2015 was as follows: 
 
Options
 
Weighted Average Grant Date Fair Value
 
Weighted Average Grant Date Exercise Price
Options outstanding, December 31, 2014
1,160,057

 
$
7.12

 
$
17.74

Options exercised
(1,040,680
)
 
7.26

 
16.86

Options outstanding, June 30, 2015
119,377

 
$
5.94

 
$
25.46

Restricted shares awards, activity during the period
Activity with respect to unvested restricted share awards for the six months ended June 30, 2016 was as follows:
 
Restricted Share Awards
 
Weighted Average Grant Date Fair Value
Restricted share awards outstanding, December 31, 2015
2,739,446

 
$
38.25

Restricted share awards granted
534,905

 
48.69

Restricted share awards vested
(783,523
)
 
37.32

Restricted share awards forfeited
(8,317
)
 
37.94

Restricted share awards outstanding, June 30, 2016
2,482,511

 
$
40.79

Activity with respect to unvested restricted share awards for the six months ended June 30, 2015 was as follows:
 
Restricted Share Awards
 
Weighted Average Grant Date Fair Value
Restricted share awards outstanding, December 31, 2014
2,858,711

 
$
35.81

Restricted share awards granted
670,432

 
43.55

Restricted share awards vested
(781,704
)
 
34.42

Restricted share awards forfeited
(51,818
)
 
38.04

Restricted share awards outstanding, June 30, 2015
2,695,621

 
$
38.09

Restricted share units, activity during the period
Activity with respect to unvested restricted share units for the six months ended June 30, 2016 was as follows:
 
Restricted Share Units
 
Weighted Average Grant Date Fair Value
Restricted share units outstanding, December 31, 2015
114,337

 
$
38.47

Restricted share units granted
20,129

 
48.69

Restricted share units vested
(23,982
)
 
38.18

Restricted share units issued in lieu of cash dividends
1,629

 
38.47

Restricted share units outstanding, June 30, 2016
112,113

 
$
40.37

Activity with respect to unvested restricted share units for the six months ended June 30, 2015 was as follows:
 
Restricted
Share Units
 
Weighted Average Grant Date Fair Value
Restricted share units outstanding, December 31, 2014
103,484

 
$
36.54

Restricted share units granted
28,057

 
42.91

Restricted share units vested
(19,455
)
 
34.58

Restricted share units issued in lieu of cash dividends
1,517

 
36.53

Restricted share units forfeited
(892
)
 
35.42

Restricted share units outstanding, June 30, 2015
112,711

 
$
38.47

Performance share awards, activity during the period
Activity with respect to unvested performance share awards for the six months ended June 30, 2016 was as follows:
 
Performance Share Awards
 
Weighted Average Grant Date Fair Value
Performance share awards outstanding, December 31, 2015
172,594

 
$
40.70

Performance share awards granted
121,844

 
48.69

Performance share awards vested
(57,581
)
 
36.11

Performance share awards conversion adjustment
45,517

 
36.82

Performance share awards outstanding, June 30, 2016
282,374

 
$
44.46

Activity with respect to unvested performance share awards for the six months ended June 30, 2015 was as follows:
 
Performance Share Awards
 
Weighted Average Grant Date Fair Value
Performance share awards outstanding, December 31, 2014
106,369

 
$
36.03

Performance share awards granted
81,569

 
45.03

Performance share awards vested
(15,344
)
 
31.38

Performance share awards outstanding, June 30, 2015
172,594

 
$
40.70

Total share compensation expenses
The breakdown of share compensation expenses by award type for the periods indicated was as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Restricted share awards
$
9,517

 
$
8,653

 
$
18,646

 
$
17,132

Restricted share units
377

 
279

 
688

 
541

Performance share awards
833

 
310

 
2,630

 
623

Total
$
10,727

 
$
9,242

 
$
21,964

 
$
18,296