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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Stock-Based Compensation  
Schedule of stock option activity

 

 

 

Options

 

Weighted
Average
Exercise Price

 

Weighted Average
Remaining
Contractual Term
(in years)

 

Aggregate
Intrinsic
Value

 

Options outstanding at January 1, 2014

 

13,422,226

 

$

51.80

 

7.08

 

$

501,706

 

Options granted

 

32,500

 

89.13

 

 

 

 

 

Options exercised

 

(314,966

)

40.41

 

 

 

 

 

Options forfeited

 

(51,460

)

59.80

 

 

 

 

 

Options outstanding at March 31, 2014

 

13,088,300

 

52.14

 

6.89

 

517,164

 

Vested and non-vested options expected to vest atMarch 31, 2014

 

11,928,448

 

$

51.50

 

6.80

 

$

478,893

 

Exercisable options at March 31, 2014

 

5,097,339

 

$

41.15

 

5.36

 

$

257,418

 

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, 2014

 

8,016,921

 

$

14.77

 

Options granted

 

32,500

 

21.23

 

Options vested

 

(7,000

)

16.98

 

Options forfeited

 

(51,460

)

14.82

 

Non-vested options at March 31, 2014

 

7,990,961

 

14.79

 

Summary of activity in the option plans

 

 

 

Three months ended
March 31,

 

 

 

2014

 

2013

 

Total intrinsic value of stock options exercised

 

$

15,560

 

$

40,542

 

Total fair value of stock options vested

 

119

 

135