XML 41 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
General - Stock Compensation (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
$ / shares
shares
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
company
$ / shares
shares
Sep. 30, 2016
USD ($)
Stock options, Non vested restricted stock awards and nonvested restricted stock units        
Stock compensation expense | $ $ 10,300,000 $ 9,200,000 $ 31,800,000 $ 27,600,000
Benefits of tax deductions in excess of recognized stock compensation expense | $     $ 3,700,000 $ 300,000
Minimum        
Stock options, Non vested restricted stock awards and nonvested restricted stock units        
Estimated forfeitures (as a percent) 0.00% 0.00% 0.00% 0.00%
Maximum        
Stock options, Non vested restricted stock awards and nonvested restricted stock units        
Estimated forfeitures (as a percent) 4.00% 4.00% 4.00% 4.00%
Stock options        
Stock options, Non vested restricted stock awards and nonvested restricted stock units        
Grants in period, weighted average grant date fair value (in dollars per share)     $ 17.15  
Expected volatility (as a percent)     27.80%  
Stock option activity        
Outstanding, beginning of period (in shares) | shares     2,843,177  
Granted (in shares) | shares     454,596  
Forfeited (in shares) | shares     (53,596)  
Exercised (in shares) | shares     (583,395)  
Outstanding, end of period (in shares) | shares 2,660,782   2,660,782  
Vested and expected to vest end of period (in shares) | shares 2,640,924   2,640,924  
Exercisable, end of period (in shares) | shares 1,597,984   1,597,984  
Weighted average exercise price of stock options        
Outstanding, beginning of period (in dollars per share)     $ 57.42  
Granted (in dollars per share)     69.44  
Forfeited (in dollars per share)     59.65  
Exercised (in dollars per share)     52.76  
Outstanding, end of period (in dollars per share) $ 60.46   60.46  
Vested and expected to vest end of period (in dollars per share) 60.41   60.41  
Exercisable, end of period (in dollars per share) $ 57.12   $ 57.12  
Assumptions used for estimating value of awards granted        
Vesting period     3 years  
Life of options (Expiration period)     10 years  
Restricted stock awards        
Nonvested restricted stock awards and units        
Outstanding, beginning of period (in shares) | shares     615,472  
Awarded (in shares) | shares     14,959  
Vested (in shares) | shares     (47,710)  
Outstanding, end of period (in shares) | shares 582,721   582,721  
Weighted average exercise price of nonvested restricted stock award and units        
Outstanding, beginning of period (in dollars per share)     $ 58.71  
Awarded (in dollars per share)     70.20  
Vested (in dollars per share)     65.24  
Outstanding, end of period (in dollars per share) $ 58.47   $ 58.47  
Restricted stock awards | Minimum        
Assumptions used for estimating value of awards granted        
Vesting period     12 months  
Restricted stock awards | Maximum        
Assumptions used for estimating value of awards granted        
Vesting period     42 months  
Restricted Stock Units (RSUs)        
Nonvested restricted stock awards and units        
Outstanding, beginning of period (in shares) | shares     200,178  
Awarded (in shares) | shares     107,417  
Vested (in shares) | shares     (117,069)  
Forfeited (in shares) | shares     (16,285)  
Outstanding, end of period (in shares) | shares 174,241   174,241  
Weighted average exercise price of nonvested restricted stock award and units        
Outstanding, beginning of period (in dollars per share)     $ 61.65  
Awarded (in dollars per share)     68.53  
Vested (in dollars per share)     60.52  
Forfeited (in dollars per share)     65.48  
Outstanding, end of period (in dollars per share) $ 66.29   $ 66.29  
Assumptions used for estimating value of awards granted        
Vesting period     3 years  
Performance Based Restricted Stock Units (“PSUs”)        
Nonvested restricted stock awards and units        
Outstanding, beginning of period (in shares) | shares     102,977  
Awarded (in shares) | shares     101,989  
Forfeited (in shares) | shares     (2,651)  
Outstanding, end of period (in shares) | shares 202,315   202,315  
Estimated fair value | $     $ 76.24  
Weighted average exercise price of nonvested restricted stock award and units        
Outstanding, beginning of period (in dollars per share)     $ 93.03  
Awarded (in dollars per share)     76.24  
Forfeited (in dollars per share)     87.75  
Outstanding, end of period (in dollars per share) $ 84.63   $ 84.63  
Assumptions used for estimating value of awards granted        
Vesting period     3 years  
Expected dividend yield (as a percent)     0.00%  
Risk-free interest rate (as a percent)     1.54%  
Expected volatility, minimum (as a percent)     18.00%  
Expected volatility, maximum (as a percent)     61.00%  
Expected volatility, average (as a percent)     33.00%  
Number of trading days considered for average share value     30  
Number of companies in peer group | company     51  
Performance Based Restricted Stock Units (“PSUs”) | Minimum        
Assumptions used for estimating value of awards granted        
Percentage of shares to be settled     0.00%  
Performance Based Restricted Stock Units (“PSUs”) | Maximum        
Assumptions used for estimating value of awards granted        
Percentage of shares to be settled     200.00%