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Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity  
Schedule of stock option activity

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted

 

Remaining

 

Aggregate

 

 

 

 

 

Average

 

Contractual

 

Intrinsic

 

 

 

Options

 

Exercise Price

 

Term (in years)

 

Value

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 1, 2011

 

12,706,324

 

$

33.93

 

7.18

 

 

 

Options granted

 

2,551,350

 

53.45

 

 

 

 

 

Options exercised

 

(1,037,674

)

25.14

 

 

 

 

 

Options forfeited

 

(203,100

)

39.75

 

 

 

 

 

Options outstanding at December 31, 2011

 

14,016,900

 

38.00

 

6.89

 

 

 

Options granted

 

2,990,000

 

53.31

 

 

 

 

 

Options exercised

 

(3,252,961

)

29.33

 

 

 

 

 

Options forfeited

 

(307,220

)

42.84

 

 

 

 

 

Options outstanding at December 31, 2012

 

13,446,719

 

43.39

 

7.08

 

 

 

Options granted

 

2,788,000

 

78.00

 

 

 

 

 

Options exercised

 

(2,636,213

)

36.46

 

 

 

 

 

Options forfeited

 

(176,280

)

53.65

 

 

 

 

 

Options outstanding at December 31, 2013

 

13,422,226

 

51.80

 

7.08

 

$

501,706

 

Vested and non-vested expected to vest at December 31, 2013

 

12,159,914

 

51.20

 

6.98

 

$

461,873

 

Exercisable at December 31, 2013

 

5,405,305

 

$

41.09

 

5.55

 

$

259,938

 

Summary of status of non-vested options and changes during the year

 

 

 

Options

 

Weighted Average Fair
Value at Grant Date

 

 

 

 

 

 

 

Non-vested options at January 1, 2013

 

7,951,177

 

$

13.36

 

Options granted

 

2,788,000

 

17.42

 

Options vested

 

(2,545,976

)

13.33

 

Options forfeited

 

(176,280

)

13.95

 

Non-vested options at December 31, 2013

 

8,016,921

 

$

14.77

 

Summary of activity in the option plans

 

 

 

2013

 

2012

 

2011

 

Total intrinsic value of stock options exercised

 

$

105,756

 

$

95,891

 

$

29,697

 

Total fair value of stock options vested

 

33,932

 

30,964

 

28,563

 

Schedule of after-tax components comprising Accumulated other comprehensive income (loss) included in shareholders' equity

 

 

 

Foreign Currency
Translation
Adjustment

 

Revaluation of
Derivatives

 

Defined Benefit
Plan Liability
Adjustment

 

Accumulated
Other Comprehensive
Income
(Loss)

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2011

 

$

41,606

 

$

 

$

(126,363

)

$

(84,757

)

Translation adjustments

 

(10,154

)

 

 

(10,154

)

Revaluation rate derivatives, net of tax of $173

 

 

(287

)

 

(287

)

Defined benefit plan liability adjustment, net of tax of $18,380

 

 

 

(35,257

)

(35,257

)

Amounts reclassified from Accumulated Other Comprehensive Income (Loss), net of tax of ($5,421)

 

 

 

10,398

 

10,398

 

Balance at December 31, 2011

 

31,452

 

(287

)

(151,222

)

(120,057

)

Translation adjustments

 

25,858

 

 

 

25,858

 

Revaluation of derivatives, net of tax of $39

 

 

538

 

 

538

 

Defined benefit plan liability adjustment, net of tax of $14,598

 

 

 

(38,135

)

(38,135

)

Amounts reclassified from Accumulated Other Comprehensive Income (Loss), net tax of ($5,662)

 

 

 

14,792

 

14,792

 

Balance at December 31, 2012

 

57,310

 

251

 

(174,565

)

(117,004

)

Translation adjustments

 

14,894

 

 

 

14,894

 

Amounts reclassified from Accumulated Other Comprehensive Income (Loss)

 

(5,200

)

 

 

(5,200

)

Revaluation of derivatives, net of tax of $108

 

 

(282

)

 

(282

)

Defined benefit plan liability adjustment, net of tax of $20,594

 

 

 

35,938

 

35,938

 

Amounts reclassified from Accumulated Other Comprehensive Income (Loss), net tax of $9,570

 

 

 

16,703

 

16,703

 

Balance at December 31, 2013

 

$

67,004

 

$

(31

)

$

(121,924

)

$

(54,951

)