XML 17 R39.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of stock option activity and related information

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

Options

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Intrinsic
Value

 

Options

 

Weighted
Average
Exercise
Price

 

Options

 

Weighted
Average
Exercise
Price

 

 

 

(Options in thousands)

 

Outstanding at beginning of year

 

 

1,029

 

$

41.66

 

 

 

 

 

1,064

 

$

33.37

 

 

1,272

 

$

30.43

 

Granted

 

 

114

 

 

57.58

 

 

 

 

 

379

 

 

54.78

 

 

415

 

 

37.67

 

Cancelled/Forfeitures

 

 

(306

)

 

44.19

 

 

 

 

 

(53

)

 

36.97

 

 

(33

)

 

31.18

 

Exercised

 

 

(342

)

 

36.48

 

 

 

 

 

(361

)

 

31.73

 

 

(590

)

 

30.19

 

​  

​  

​  

​  

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Outstanding at end of year

 

 

495

 

$

47.34

 

$

16.10

 

 

1,029

 

$

41.66

 

 

1,064

 

$

33.37

 

​  

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​  

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​  

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Exercisable at end of year

 

 

128

 

$

40.04

 

$

23.40

 

 

249

 

$

32.35

 

 

360

 

$

30.91

 

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Schedule of information about options outstanding

                                                                                                                                                                                  

 

 

Options Outstanding

 

Options Exercisable

 

Range of Exercise Prices

 

Number
Outstanding

 

Weighted Average
Remaining Contractual
Life (years)

 

Weighted Average
Exercise
Price

 

Number
Exercisable

 

Weighted Average
Exercise
Price

 

 

 

(Options in thousands)

 

$26.34–$37.41

 

 

191 

 

 

6.81 

 

$

34.40 

 

 

85 

 

$

33.08 

 

$40.17–$47.21

 

 

14 

 

 

2.49 

 

 

43.38 

 

 

 

 

42.13 

 

$54.76–$54.76

 

 

160 

 

 

8.28 

 

 

54.76 

 

 

31 

 

 

54.76 

 

$57.47–$60.10

 

 

130 

 

 

9.39 

 

 

57.68 

 

 

 

 

57.95 

 

​  

​  

​  

​  

 

 

 

495 

 

 

7.84 

 

$

47.34 

 

 

128 

 

$

40.04 

 

​  

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​  

​  

​  

​  

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Schedule of weighted average assumptions used to estimate the grant-date fair value of share issued under the 2004 Stock Incentive Plan

                                                                                                                                                                                  

 

 

Years Ended
December 31,

 

 

 

2014

 

2013

 

2012

 

Expected life (years)

 

 

6.0 

 

 

6.0 

 

 

6.0 

 

Expected stock price volatility

 

 

37.5 

%

 

40.3 

%

 

41.2 

%

Expected dividend yield

 

 

1.0 

%

 

1.0 

%

 

1.2 

%

Risk-free interest rate

 

 

1.9 

%

 

1.7 

%

 

0.9 

%

 

Schedule of nonvested restricted stock and deferred shares activity and related information

 

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

 

260

 

$

45.58

 

 

237

 

$

35.45

 

 

153

 

$

30.33

 

Granted

 

 

151

 

 

56.79

 

 

142

 

 

54.80

 

 

170

 

 

37.62

 

Cancelled/Forfeitures

 

 

(95

)

 

46.83

 

 

(16

)

 

37.44

 

 

(8

)

 

30.66

 

Vested

 

 

(102

)

 

44.87

 

 

(103

)

 

35.25

 

 

(78

)

 

30.61

 

​  

​  

​  

​  

​  

​  

Unvested at end of year

 

 

214

 

$

53.74

 

 

260

 

$

45.58

 

 

237

 

$

35.45

 

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Schedule of the Company's RSU activity and related information

                                                                                                                                                                                   

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

RSUs

 

Weighted
Average
Purchase
Price

 

Weighted
Average
Intrinsic
Value

 

RSUs

 

Weighted
Average
Purchase
Price

 

RSUs

 

Weighted
Average
Purchase
Price

 

 

 

(RSU's in thousands)

 

Outstanding at beginning of period

 

 

132

 

$

27.46

 

 

 

 

 

196

 

$

22.88

 

 

392

 

$

18.74

 

Granted

 

 

31

 

 

40.27

 

 

 

 

 

45

 

 

31.63

 

 

64

 

 

 

 

Cancelled/Forfeitures

 

 

(32

)

 

31.58

 

 

 

 

 

(14

)

 

28.35

 

 

(110

)

 

 

 

Settled

 

 

(51

)

 

25.41

 

 

 

 

 

(95

)

 

19.19

 

 

(150

)

 

 

 

​  

​  

​  

​  

​  

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Outstanding at end of period

 

 

80

 

$

32.08

 

$

31.36

 

 

132

 

$

27.46

 

 

196

 

$

22.88

 

​  

​  

​  

​  

​  

​  

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Vested at end of period

 

 

31

 

$

27.96

 

$

35.48

 

 

42

 

$

25.30

 

 

81

 

$

20.36

 

​  

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​  

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Schedule of information about RSUs outstanding

                                                                                                                                                                               

 

 

RSUs Outstanding

 

RSUs Vested

 

Range of Purchase Prices

 

Number
Outstanding

 

Weighted Average
Purchase
Price

 

Number
Vested

 

Weighted Average
Purchase
Price

 

 

 

(RSUs in thousands)

 

$13.25–$19.87

 

 

 

$

19.87 

 

 

 

$

19.87 

 

$25.15–$26.51

 

 

28 

 

 

26.45 

 

 

20 

 

 

26.42 

 

$31.63–$40.27

 

 

51 

 

 

35.45 

 

 

10 

 

 

31.63 

 

​  

​  

​  

​  

 

 

 

80 

 

$

32.08 

 

 

31 

 

$

27.96 

 

​  

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​  

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​  

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Schedule of weighted average assumptions used to estimate the grant-date fair value of restricted stock units

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Expected life (years)

 

 

3.0 

 

 

3.0 

 

 

3.0 

 

Expected stock price volatility

 

 

31.2 

%

 

34.1 

%

 

38.3 

%

Expected dividend yield

 

 

0.9 

%

 

0.9 

%

 

1.1 

%

Risk-free interest rate

 

 

0.7 

%

 

0.4 

%

 

0.4 

%

 

Performance Shares  
Schedule of unvested performance shares activity and related information

                                                                                                                                                                                    

 

 

Year Ended December 31, 2014

 

 

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

 

 

 

 

 

Granted

 

 

117

 

$

57.02

 

Cancelled/Forfeitures

 

 

(10

)

 

57.47

 

Vested

 

 

 

 

 

 

​  

​  

Unvested at end of year

 

 

107

 

$

56.97

 

​  

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​