XML 63 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Capital Stock and Share Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of options outstanding and exercisable
The following table summarizes information about stock option transactions:
 
 
Number
of Shares
 
Weighted-
Average
Exercise Price
 
Range of
Exercise
Prices
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
8,011,380

 
$
9.77

 
$7-11
Exercised in 2013
 
(4,635,148
)
 
10.00

 
7-11
Forfeited in 2013
 
(6,184
)
 
10.23

 
9-11
Outstanding at December 31, 2013
 
3,370,048

 
9.46

 
7-11
Exercised in 2014
 
(1,662,055
)
 
10.01

 
9-11
Forfeited in 2014
 
(4,117
)
 
10.45

 
10-11
Outstanding at December 31, 2014
 
1,703,876

 
8.92

 
7-11
Exercised in 2015
 
(877,966
)
 
8.85

 
8-11
Impact of Journal transactions
 
170,969

 
7.62

 
6-9
Outstanding at December 31, 2015
 
996,879

 
7.45

 
6-9

Information about options outstanding and options exercisable by year of grant is as follows:
 
 
 
 
 
 
Options Outstanding and Exercisable
Year of Grant
 
Range of Exercise Prices
 
Average Remaining Term (in years)
 
Options on Shares Outstanding
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value (in millions)
 
 
 
 
 
 
 
 
 
 
 
2006 – expire in 2016
 
$9
 
0.34
 
37,313

 
$
8.78

 
$
0.4

2007 – expire in 2017
 
8
 
1.32
 
37,313

 
8.14

 
0.4

2008 – expire in 2018
 
6-9
 
1.32
 
922,253

 
7.37

 
10.7

Total
 
6-9
 
1.28
 
996,879

 
7.45

 
$
11.5
Schedule of cash proceeds received from exercises of stock options
The following table presents additional information about exercises of stock options:
 
 
For the years ended December 31,
(in thousands)
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
Cash received upon exercise
 
$
7,249

 
$
16,579

 
$
46,624

Intrinsic value (market value on date of exercise less exercise price)
 
10,801

 
16,036

 
18,468

Tax benefits realized (1)
 
4,101

 
6,013

 
6,926

(1) Benefits for 2015 and 2013 to be recognized in future years when realizable.
Restricted stock and restricted stock unit vesting activity
Information and activity for our RSUs is presented below:
 
 
 
 
Grant Date Fair Value
 
 
Number
of Shares
 
Weighted
Average
 
Range of
Prices
 
 
 
 
 
 
 
Unvested at December 31, 2012
 
2,329,402

 
$
6.75

 
$1-11
Awarded in 2013
 
757,229

 
11.71

 
11-20
Vested in 2013
 
(1,452,719
)
 
5.01

 
1-12
Forfeited in 2013
 
(47,071
)
 
10.35

 
9-12
Unvested at December 31, 2013
 
1,586,841

 
10.59

 
7-20
Awarded in 2014
 
567,695

 
16.52

 
16-22
Vested in 2014
 
(704,528
)
 
10.40

 
7-20
Forfeited in 2014
 
(225,487
)
 
11.75

 
9-18
Unvested at December 31, 2014
 
1,224,521

 
13.24

 
7-22
Awarded in 2015
 
495,396

 
22.36

 
20-24
Vested in 2015
 
(650,490
)
 
12.17

 
7-22
Forfeited in 2015
 
(220,770
)
 
16.39

 
9-22
Impact of Journal transactions
 
61,384

 
13.73

 
7-22
Unvested at December 31, 2015
 
910,041

 
18.22

 
10-24
Additional information about restricted stock and restricted stock unit vesting
The following table presents additional information about restricted stock unit vesting:
 
 
For the years ended December 31,
(in thousands)
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
Fair value of shares and units vested
 
$
15,697

 
$
12,906

 
$
16,565

Tax benefits realized on vesting (1)
 
5,965

 
4,840

 
6,212


(1) Benefits for 2015 and 2013 to be recognized in future years when realizable.
Schedule of stock compensation costs
Share-based compensation costs were as follows:
 
 
For the years ended December 31,
(in thousands)
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
Share-based compensation:
 


 


 


  RSUs
 
$
9,545

 
$
7,631

 
$
6,078

  Included in discontinued operations
 
(1,126
)
 
(1,426
)
 
(1,368
)
  Included in continuing operations
 
$
8,419

 
$
6,205

 
$
4,710

Share-based compensation, net of tax
 
$
5,220

 
$
3,878

 
$
2,944