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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based compensation assumptions used in the option valuation models
The assumptions used in the option valuation models are outlined in the following table: 
 
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
Weighted average grant date fair value per share
 
$
106.08

 
$
113.31

 
$
95.25

Weighted average assumptions used:
 
 
 
 
 
 
Expected volatility
 
45
%
 
45
%
 
45
%
Expected life (in years)
 
6.25

 
6.11

 
6.47

Risk-free interest rate
 
1.98
%
 
0.95
%
 
1.70
%
Expected dividend yield
 
%
 
%
 
%
Stock option activity
The following table summarizes stock option activity during the years ended December 31, 2014, 2013 and 2012 (shares in thousands): 
 
 
Year Ended
 
Year Ended
 
Year Ended
 
 
December 31, 2014
 
December 31, 2013
 
December 31, 2012
 
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Outstanding at beginning of period
 
129

 
$
218.38

 
129

 
$
216.62

 
84

 
$
193.91

Granted
 
1

 
$
229.84

 
4

 
$
258.37

 
45

 
$
258.37

Exercised (1)
 

 
$

 
(3
)
 
$
193.13

 

 
$

Cancelled
 

 
$

 

 
$

 

 
$

Forfeited
 

 
$

 
(1
)
 
$
258.37

 

 
$

Outstanding at end of period (2)
 
130

 
$
218.46

 
129

 
$
218.38

 
129

 
$
216.62

Options exercisable at end of period (3)
 
88

 
$
199.50

 
82

 
$
196.33

 
80

 
$
193.29

Available for grant at end of period
 
10

 
 
 
11

 
 
 
15

 
 
 
(1)
The total intrinsic value of the options exercised during the year ended December 31, 2013 was $0.2 million.
(2)
Stock options outstanding at December 31, 2014 have a weighted average remaining contractual term of 4.4 years and an aggregate intrinsic value of $1.9 million.
(3)
Exercisable stock options at December 31, 2014 have a weighted average remaining contractual term of 3.0 years and an aggregate intrinsic value of $1.9 million.