XML 55 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense
Stock-based compensation expense consisted of the following (in thousands):
 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
Restricted stock and stock units
 
$
40,821

 
$
38,867

 
$
41,464
Total Unrecognized Compensation Cost, Net of Estimated Forfeitures
Total unrecognized compensation cost, net of estimated forfeitures, consisted of the following (in thousands):
 
 
 
December 31,
 
 
2014
 
2013
 
2012
Restricted stock and stock units
 
$
54,968

 
$
53,646

 
$
51,877
Activity Under All Stock Plans and Weighted Average Exercise Prices
The following table reflects activity under all stock plans from December 31, 2011 through December 31, 2014, and the weighted average exercise prices (in thousands, except per share amounts):
 
 
 
Restricted Stock Plans
without Market-Condition
 
Restricted Stock Plans
with Market-Condition
 
Stock Option Plans
 
 
Number of
Shares/
Units
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares/
Units
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares/
Units
 
Weighted
Average Exercise
Price Per Share
Outstanding, December 31, 2011
 
 
2,392

 
 
$24.47
 
 
523

 
 
$33.42
 
 
4,450

 
 
$21.85
Granted
 
 
937

 
 
$27.71
 
 
517

 
 
$29.53
 
 
—

 
 
—
Exercised
 
 
—

 
 
—
 
 
—

 
 
—
 
 
(2,260
)
 
 
$19.00
Restrictions lapsed
 
 
(1,550
)
 
 
$22.20
 
 
(240
)
 
 
$33.42
 
 
—

 
 
—
Forfeited
 
 
(42
)
 
 
$24.26
 
 
(42
)
 
 
$33.42
 
 
(99
)
 
 
$24.74
Outstanding, December 31, 2012
 
 
1,737

 
 
$28.25
 
 
758

 
 
$30.77
 
 
2,091

 
 
$24.80
Granted
 
 
688

 
 
$35.34
 
 
400

 
 
$42.04
 
 
—

 
 
—
Exercised
 
 
—

 
 
—
 
 
—

 
 
—
 
 
(1,397
)
 
 
$23.82
Restrictions lapsed
 
 
(1,087
)
 
 
$28.53
 
 
(259
)
 
 
$29.53
 
 
—

 
 
—
Forfeited
 
 
(21
)
 
 
$31.29
 
 
—

 
 
—
 
 
(62
)
 
 
$20.48
Outstanding, December 31, 2013
 
 
1,317

 
 
$31.68
 
 
899

 
 
$36.58
 
 
632

 
 
$27.41
Granted
 
 
585

 
 
$41.60
 
 
335

 
 
$50.09
 
 
—

 
 
—
Exercised
 
 
—

 
 
—
 
 
—

 
 
—
 
 
(528
)
 
 
$27.12
Restrictions lapsed
 
 
(712
)
 
 
$31.96
 
 
—

 
 
—
 
 
—

 
 
—
Forfeited
 
 
(25
)
 
 
$32.82
 
 
—

 
 
—
 
 
(27
)
 
 
$27.83
Outstanding, December 31, 2014
 
 
1,165

 
 
$36.47
 
 
1,234

 
 
$40.24
 
 
77

 
 
$29.22
Pre-Tax Intrinsic Value of Stock Option Exercised
The total pre-tax intrinsic value of stock options exercised and the total fair value of shares vested during the years ended December 31, 2014, 2013 and 2012, are reflected in the following table (in thousands):
 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
Total pre-tax intrinsic value of stock options exercised
 
$
9,150

 
$
17,092

 
$
23,678

Total fair value of shares vested
 
$
38,566

 
$
53,931

 
$
55,186
Information about Options Outstanding and Exercisable
The following table summarizes information about options outstanding and exercisable as of December 31, 2014 (in thousands, except number of years and per share amounts):
 
 
 
Options Outstanding and Exercisable
Range of
Exercise Prices
 
Number
Outstanding
and Exercisable as of
December 31,
2014
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
$25.34 to $25.34
 
 
30

 
 
0.34
 
$25.34
 
 
$
991

 
$30.34 to $30.34
 
 
21

 
 
0.08
 
$30.34
 
 
601

 
$32.36 to $32.36
 
 
18

 
 
1.58
 
$32.36
 
 
477

 
$33.89 to $33.89
 
 
8

 
 
0.58
 
$33.89
 
 
184

 
 
 
 
77

 
 
0.59
 
$29.22
 
 
$
2,253