Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule Of Stock Options Activity

Stock option activity for the three months ended March 31, 2020 was as follows:

(In thousands, except per share and term data)	Number of Shares	Weighted- Average Exercise  Price (Per Share)		Aggregate Intrinsic  Value		Weighted-Average  Remaining Contractual Term (Yrs)
Outstanding at beginning of year	15,416	$	56.36
Granted	2	73.01
Exercised	(2,449)	48.43
Forfeited and expired	(152)	61.55
Outstanding as of March 31, 2020	12,817	57.82		$	83,254	6.08
Exercisable as of March 31, 2020	6,269	$	54.59	$	61,354	4.55

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted-average assumptions used to estimate the fair value, under the Black-Scholes-Merton pricing model, of stock options granted during the three months ended March 31, 2020 were as follows:

Expected volatility (%)	24.5		%
Expected dividend rate (%)	1		%
Expected term (yrs)	6
Risk-free rate (%)	1.5		%
Fair value per option	$	17.53

Schedule of Share-based Compensation, Restricted Stock Activity

Non-vested share and share unit activity for the three months ended March 31, 2020 was as follows:

(In thousands, except per share data)	Number of Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of year	2,634	$	65.30
Granted	43	72.28
Vested	(157)	64.01
Forfeited	(22)	65.49
Outstanding as of March 31, 2020	2,498	$	65.50

Compensation Expense Recognized In The Condensed Consolidated Statements Of Operations

The following table presents total compensation expense recognized with respect to stock options, non-vested shares and share units, and our associate stock purchase plan:

	Three Months Ended
(In thousands)	2020		2019
Stock option and non-vested share and share unit compensation expense	$	35,031	$	19,860
Associate stock purchase plan expense	1,101		1,542
Amounts capitalized in software development costs, net of amortization	(745)		187
Amounts charged against earnings, before income tax benefit	$	35,387	$	21,589
Amount of related income tax benefit recognized in earnings	$	6,443	$	4,201

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of AOCI, net of tax, were as follows:

	Foreign currency translation adjustment and other		Unrealized loss on cash flow hedge		Unrealized holding gain (loss) on available-for-sale investments		Total
(In thousands)
Balance at December 28, 2019	$	(106,347)	$	(12,578)	$	265	$	(118,660)
Other comprehensive income (loss) before reclassifications	(20,546)		(20,430)		(849)		(41,825)
Amounts reclassified from AOCI	—		1,122		—		1,122
Balance at March 31, 2020	$	(126,893)	$	(31,886)	$	(584)	$	(159,363)

	Foreign currency translation adjustment and other		Unrealized loss on cash flow hedge		Unrealized holding gain (loss) on available-for-sale investments		Total
(In thousands)
Balance at December 29, 2018	$	(102,939)	$	—	$	(613)	$	(103,552)
Other comprehensive income (loss) before reclassifications	2,321		—		637		2,958
Amounts reclassified from AOCI	—		—		—		—
Balance at March 30, 2019	$	(100,618)	$	—	$	24	$	(100,594)

Reclassification out of Accumulated Other Comprehensive Income

The effects on net earnings of amounts reclassified from AOCI were as follows:

(In thousands)		Three Months Ended
AOCI Component	Location	2020		2019
Unrealized loss on cash flow hedge	Other income, net	$	(1,372)	$	—
	Income taxes	250		—
Total amount reclassified, net of tax		$	(1,122)	$	—