XML 59 R40.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of stock option activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

 

 

Weighted

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Exercise

 

Intrinsic

 

 

 

Exercise

 

 

 

Exercise

 

 

    

Options

    

Price

    

Value

    

Options

    

Price

    

Options

    

Price

 

 

 

(Options in thousands)

 

Outstanding at beginning of year

 

362

 

$

48.46

 

 

    

 

495

 

$

47.34

 

1,029

 

$

41.66

 

Granted

 

 —

 

 

 —

 

 

 

 

 —

 

 

 —

 

114

 

 

57.58

 

Cancelled/Forfeitures

 

(43)

 

 

52.93

 

 

 

 

(69)

 

 

51.66

 

(306)

 

 

44.19

 

Exercised

 

(189)

 

 

43.31

 

 

 

 

(64)

 

 

36.29

 

(342)

 

 

36.48

 

Outstanding at end of year

 

130

 

$

54.46

 

$

10.74

 

362

 

$

48.46

 

495

 

$

47.34

 

Exercisable at end of year

 

82

 

$

53.38

 

$

11.82

 

192

 

$

45.10

 

128

 

$

40.04

 

 

Schedule of information about options outstanding

The following table summarizes information about options outstanding at December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

Weighted Average

 

Weighted Average

 

 

 

Weighted Average

 

 

 

Number

 

Remaining Contractual

 

Exercise

 

Number

 

Exercise

 

Range of Exercise Prices

    

Outstanding

    

Life (years)

    

Price

    

Exercisable

    

Price

 

 

 

(Options in thousands)

 

$29.05-$37.41

 

11,300

 

5.30

 

$

35.01

 

11,300

 

$

35.01

 

$54.76–$54.76

 

57,769

 

6.46

 

 

54.76

 

34,020

 

 

54.76

 

$57.47–$60.10

 

61,414

 

7.22

 

 

57.76

 

36,736

 

 

57.75

 

 

 

130,483

 

6.72

 

$

54.46

 

82,056

 

$

53.38

 

 

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

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014

Expected life (years)

 

 

6.0

 

 

 

Expected stock price volatility

 

 

37.5

%  

 

 

Expected dividend yield

 

 

1.0

%  

 

 

Risk-free interest rate

 

 

1.9

%  

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Grant Date

 

 

    

Shares

    

Fair Value

    

Shares

    

Fair Value

    

Shares

    

Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

244

 

$

52.61

 

214

 

$

53.74

 

260

 

$

45.58

 

Granted

 

140

 

 

56.33

 

180

 

 

50.87

 

151

 

 

56.79

 

Cancelled/Forfeitures

 

(132)

 

 

54.43

 

(28)

 

 

53.99

 

(95)

 

 

46.83

 

Vested

 

(42)

 

 

53.10

 

(122)

 

 

51.72

 

(102)

 

 

44.87

 

Unvested at end of year

 

210

 

$

53.79

 

244

 

$

52.61

 

214

 

$

53.74

 

 

Schedule of the Company's RSU activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

 

 

Weighted

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Purchase

 

Intrinsic

 

 

 

Purchase

 

 

 

Purchase

 

 

    

RSUs

    

Price

    

Value

    

RSUs

    

Price

    

RSUs

    

Price

 

 

 

(RSU’s in thousands)

 

Outstanding at beginning of period

 

101

 

$

36.14

 

 

 

 

80

 

$

32.08

 

132

 

$

27.46

 

Granted

 

89

 

 

35.41

 

 

 

 

60

 

 

37.13

 

31

 

 

40.27

 

Cancelled/Forfeitures

 

(28)

 

 

32.25

 

 

 

 

(9)

 

 

36.92

 

(32)

 

 

31.58

 

Settled

 

(14)

 

 

36.91

 

 

 

 

(30)

 

 

27.10

 

(51)

 

 

25.41

 

Outstanding at end of period

 

148

 

$

36.37

 

13.53

 

$

101

 

$

36.14

 

80

 

$

32.08

 

Vested at end of period

 

28

 

$

37.78

 

16.32

 

$

25

 

$

33.35

 

31

 

$

27.96

 

 

Schedule of information about RSUs outstanding

The following table summarizes information about RSUs outstanding at December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs Outstanding

 

RSUs Vested

 

 

 

 

 

Weighted Average

 

 

 

Weighted Average

 

 

 

Number

 

Purchase

 

Number

 

Purchase

 

Range of Purchase Prices

    

Outstanding

    

Price

    

Vested

    

Price

 

 

 

(RSUs in thousands)

 

$26.51-$35.41

 

87

 

 

35.30

 

2

 

 

30.96

 

$37.13–$40.27

 

61

 

 

37.89

 

26

 

 

38.35

 

 

 

148

 

$

36.37

 

28

 

$

37.78

 

 

Schedule of stock-based compensation fair value assumptions

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2016

    

2015

    

2014

 

Expected life (years)

 

3.0

 

3.0

 

3.0

 

Expected stock price volatility

 

24.8

%  

23.4

%  

31.2

%

Expected dividend yield

 

1.3

%  

1.2

%  

0.9

%

Risk-free interest rate

 

0.9

%  

1.1

%  

0.7

%

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

    

Shares

    

Fair Value

    

Shares

    

Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

201

    

$

57.98

 

107

 

 

56.97

 

Granted

 

107

 

 

55.27

 

106

 

$

58.94

 

Cancelled/Forfeitures

 

(41)

 

 

57.56

 

(12)

 

 

57.51

 

Unvested at end of year

 

267

 

$

56.96

 

201

 

$

57.98