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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Share-Based Compensation [Abstract]  
Schedule Of Selected Financial Impact Of Share-Based Compensation



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the Years Ended December 31,

 



 

2017 

 

 

2016 

 

 

2015 

 



 

 

 

 

 

 

 

 

 

Share-based compensation expense included in cost of revenue

$

2,675 

 

$

2,305 

 

$

2,138 

 

Share-based compensation expense included in operating expenses

 

20,842 

 

 

17,586 

 

 

17,746 

 

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

 

23,517 

 

 

19,891 

 

 

19,884 

 

Income tax benefit resulting from share-based compensation expense

 

(6,810)

 

 

(6,143)

 

 

(6,229)

 

Net share-based compensation expense included in consolidated statements of income, excluding tax benefit from settlement of share-based awards

 

16,707 

 

 

13,748 

 

 

13,655 

 

Income tax benefit resulting from settlement of share-based awards (1)

 

(27,743)

 

 

 -

 

 

 -

 

Net (benefit) expense related to share-based compensation arrangements included in consolidated statements of income

$

(11,036)

 

$

13,748 

 

$

13,655 

 



(1)

See Note 1(w) for more information regarding the adoption of ASU 2016-09. 

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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the Years Ended December 31,

 



 

 

2017 

 

 

 

2016 

 

 

 

2015 

 



 

 

 

 

 

 

 

 

 

 

 

 

Share price at grant

 

$

142.89 

 

 

$

69.07 

 

 

$

78.08 

 

Expected stock price volatility

 

 

26 

%

 

 

25 

%

 

 

23 

%

Expected term, in years

 

 

5.8 

 

 

 

5.7 

 

 

 

5.6 

 

Risk-free interest rate

 

 

2.0 

%

 

 

1.2 

%

 

 

1.5 

%



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted

 

$

40.83 

 

 

$

17.87 

 

 

$

19.72 

 



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, 2016

3,176 

 

$

57.31 

 

 

 

 

 

Granted

384 

 

 

142.89 

 

 

 

 

 

Exercised

(716)

 

 

42.66 

 

 

 

 

 

Forfeited

(117)

 

 

68.41 

 

 

 

 

 

Outstanding as of December 31, 2017

2,727 

 

$

72.72 

 

6.0 

 

$

228,243 



 

 

 

 

 

 

 

 

 

Fully vested as of December 31, 2017

1,327 

 

$

56.06 

 

4.2 

 

$

133,115 



 

 

 

 

 

 

 

 

 

Fully vested and expected to vest as of December 31, 2017

2,649 

 

$

72.45 

 

5.9 

 

$

222,422 



Schedule Of Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

Number of Units (000)

 

Weighted Average Grant-Date Fair Value



 

 

 

 

 

 

 

 

Nonvested as of December 31, 2016

 

 

 

 

 

468 

 

$

64.88 

Granted

 

 

 

 

 

97 

 

 

142.27 

Vested

 

 

 

 

 

(155)

 

 

59.63 

Forfeited

 

 

 

 

 

(27)

 

 

76.56 

Nonvested as of December 31, 2017

 

 

 

 

 

383 

 

$

85.74 



 

 

 

 

 

 

 

 

 

Expected to vest as of December 31, 2017

 

 

 

 

 

357 

 

$

85.23