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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Share-Based Compensation [Abstract]  
Schedule Of Selected Financial Impact Of Share-Based Compensation



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the Years Ended December 31,

 



 

2016

 

 

2015

 

 

2014

 



 

 

 

 

 

 

 

 

 

Share-based compensation expense included in cost of revenue

$

2,305

 

$

2,138

 

$

1,937

 

Share-based compensation expense included in operating expenses

 

17,586

 

 

17,746

 

 

16,162

 

Total share-based compensation expense included in consolidated statements of income

 

19,891

 

 

19,884

 

 

18,099

 

Income tax benefit resulting from share-based compensation arrangements

 

(6,143

)

 

(6,229

)

 

(6,107

)

Net impact of share-based compensation on net income

$

13,748

 

$

13,655

 

$

11,992

 



Schedule Of Weighted Averages Of The Assumptions Used In Estimating The Fair Value Of Stock Option Awards



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the Years Ended December 31,

 



 

 

2016 

 

 

 

2015 

 

 

 

2014 

 



 

 

 

 

 

 

 

 

 

 

 

 

Expected stock price volatility

 

 

25 

%

 

 

23 

%

 

 

28 

%

Expected term, in years

 

 

5.7 

 

 

 

5.6 

 

 

 

5.7 

 

Risk-free interest rate

 

 

1.2 

%

 

 

1.5 

%

 

 

1.5 

%



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted

 

$

17.87 

 

 

$

19.72 

 

 

$

18.07 

 



Schedule Of Stock Option Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



Number of Options (000)

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value ($000)



 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2015

3,384 

 

$

49.76 

 

 

 

 

 

Granted

745 

 

 

69.07 

 

 

 

 

 

Exercised

(838)

 

 

37.04 

 

 

 

 

 

Forfeited

(115)

 

 

59.34 

 

 

 

 

 

Expired

 -

 

 

 -

 

 

 

 

 

Outstanding as of December 31, 2016

3,176 

 

$

57.31 

 

5.3 

 

$

190,424 



 

 

 

 

 

 

 

 

 

Fully vested as of December 31, 2016

1,510 

 

$

46.92 

 

3.2 

 

$

106,255 



 

 

 

 

 

 

 

 

 

Fully vested and expected to vest as of December 31, 2016

3,034 

 

$

56.78 

 

5.2 

 

$

183,550 



Schedule Of Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

Number of Units (000)

 

Weighted Average Grant-Date Fair Value



 

 

 

 

 

 

 

 

Nonvested as of December 31, 2015

 

 

 

 

 

498 

 

$

58.94 

Granted

 

 

 

 

 

173 

 

 

69.14 

Vested

 

 

 

 

 

(170)

 

 

52.60 

Forfeited

 

 

 

 

 

(33)

 

 

60.46 

Nonvested as of December 31, 2016

 

 

 

 

 

468 

 

$

64.88 



 

 

 

 

 

 

 

 

 

Expected to vest as of December 31, 2016

 

 

 

 

 

418 

 

$

64.44