XML 63 R41.htm IDEA: XBRL DOCUMENT

Stock based Compensation

3 Months Ended

Mar. 31, 2014

(9) Stock-Based Compensation

In 2014, we granted the following shares of common stock, restricted stock and restricted stock units

		Weighted-average
	Number	grant date		Aggregate		Vesting
	of shares	fair value		fair value		period

Common stock	6	$	45.11	$	258	None
Restricted stock	284		43.15		12,269	0 - 4 years
Restricted stock units	13		45.11		575	4 years

For common stock grants, we measure fair value based on the closing stock price of our common stock on the grant date and expense it on the grant date.

Certain awards of restricted stock and restricted stock units contain a performance condition based on the ultimate results for the applicable underwriting year. The number of such shares that vest could be higher or lower than initially granted. We measure fair value for these awards based on the closing price of our common stock on the grant date, and we recognize expense on a straight-line basis over the vesting period for those restricted stock awards or units expected to vest.

Certain of our executive officers were granted performance-based restricted stock in 2014. This restricted stock vests after three years and can vest from 0% to 200% of the initial shares granted. Vesting is determined equally based on an operating return on equity performance factor and a total shareholder return performance factor.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details