XML 58 R42.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of stock option activity and related information

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

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

 

 

495

 

$

47.34

 

 

 

 

 

1,029

 

$

41.66

 

 

1,064

 

$

33.37

 

Granted

 

 

 

 

 

 

 

 

 

114

 

 

57.58

 

 

379

 

 

54.78

 

Cancelled/Forfeitures

 

 

(69

)

 

51.66

 

 

 

 

 

(306

)

 

44.19

 

 

(53

)

 

36.97

 

Exercised

 

 

(64

)

 

36.29

 

 

 

 

 

(342

)

 

36.48

 

 

(361

)

 

31.73

 

​  

​  

​  

​  

​  

​  

Outstanding at end of year

 

 

362

 

$

48.46

 

$

5.29

 

 

495

 

$

47.34

 

 

1,029

 

$

41.66

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable at end of year

 

 

192

 

$

45.10

 

$

7.74

 

 

128

 

$

40.04

 

 

249

 

$

32.35

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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Schedule of information about options outstanding

 

        The following table summarizes information about options outstanding at December 31, 2015:

                                                                                                                                                                                    

 

 

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

 

 

125 

 

 

5.88 

 

$

34.56 

 

 

91 

 

$

33.48 

 

$40.17–$47.21

 

 

 

 

5.74 

 

 

41.34 

 

 

 

 

42.18 

 

$54.76–$54.76

 

 

136 

 

 

7.18 

 

 

54.76 

 

 

64 

 

 

54.76 

 

$57.47–$60.10

 

 

98 

 

 

8.36 

 

 

57.66 

 

 

35 

 

 

57.65 

 

​  

​  

​  

​  

 

 

 

362 

 

 

7.04 

 

$

48.46 

 

 

192 

 

$

45.10 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

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

 

Expected life (years)

 

 

6.0 

 

 

6.0 

 

Expected stock price volatility

 

 

37.5 

%

 

40.3 

%

Expected dividend yield

 

 

1.0 

%

 

1.0 

%

Risk-free interest rate

 

 

1.9 

%

 

1.7 

%

 

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

 

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

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

 

 

214

 

$

53.74

 

 

260

 

$

45.58

 

 

237

 

$

35.45

 

Granted

 

 

180

 

 

50.87

 

 

151

 

 

56.79

 

 

142

 

 

54.80

 

Cancelled/Forfeitures

 

 

(28

)

 

53.99

 

 

(95

)

 

46.83

 

 

(16

)

 

37.44

 

Vested

 

 

(122

)

 

51.72

 

 

(102

)

 

44.87

 

 

(103

)

 

35.25

 

​  

​  

​  

​  

​  

​  

Unvested at end of year

 

 

244

 

$

52.61

 

 

214

 

$

53.74

 

 

260

 

$

45.58

 

​  

​  

​  

​  

​  

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Schedule of the Company's RSU activity and related information

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

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

 

 

80

 

$

32.08

 

 

 

 

 

132

 

$

27.46

 

 

196

 

$

22.88

 

Granted

 

 

60

 

 

37.13

 

 

 

 

 

31

 

 

40.27

 

 

45

 

 

31.63

 

Cancelled/Forfeitures

 

 

(9

)

 

36.92

 

 

 

 

 

(32

)

 

31.58

 

 

(14

)

 

28.35

 

Settled

 

 

(30

)

 

27.10

 

 

 

 

 

(51

)

 

25.41

 

 

(95

)

 

19.19

 

​  

​  

​  

​  

​  

​  

Outstanding at end of period

 

 

101

 

$

36.14

 

 

 

 

$

80

 

$

32.08

 

 

132

 

$

27.46

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Vested at end of period

 

 

25

 

$

33.35

 

 

 

 

$

31

 

$

27.96

 

 

42

 

$

25.30

 

​  

​  

​  

​  

​  

​  

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​  

 

Schedule of information about RSUs outstanding

 

        The following table summarizes information about RSUs outstanding at December 31, 2015:

                                                                                                                                                                                    

 

 

RSUs Outstanding

 

RSUs Vested

 

Range of Purchase Prices

 

Number
Outstanding

 

Weighted Average
Purchase
Price

 

Number
Vested

 

Weighted Average
Purchase
Price

 

 

 

(RSUs in thousands)

 

$19.87–$25.15

 

 

 

$

25.15 

 

 

 

$

25.15 

 

$26.51–$31.63

 

 

26 

 

 

31.43 

 

 

18 

 

 

31.35 

 

$37.13–$40.27

 

 

74 

 

 

37.92 

 

 

 

 

40.27 

 

​  

​  

​  

​  

 

 

 

101 

 

$

36.14 

 

 

25 

 

$

33.35 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

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

                                                                                                                                                                                    

 

 

Years Ended
December 31,

 

 

 

2015

 

2014

 

2013

 

Expected life (years)

 

 

3.0 

 

 

3.0 

 

 

3.0 

 

Expected stock price volatility

 

 

23.4 

%

 

31.2 

%

 

34.1 

%

Expected dividend yield

 

 

1.2 

%

 

0.9 

%

 

0.9 

%

Risk-free interest rate

 

 

1.1 

%

 

0.7 

%

 

0.4 

%

 

Performance stock units  
Schedule of unvested performance shares activity and related information

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2015

 

2014

 

 

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

 

107

 

$

56.97

 

 

 

 

 

 

Granted

 

 

106

 

 

58.94

 

 

117

 

$

57.02

 

Cancelled/Forfeitures

 

 

(12

)

 

57.51

 

 

(10

)

 

57.47

 

Vested

 

 

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

Unvested at end of year

 

 

201

 

$

57.98

 

 

107

 

$

56.97

 

​  

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​