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Stock Incentive Compensation and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Performance Shares, Valuation Assumptions
The following are the weighted average-assumptions used to estimate the fair value for all performance shares issued in each respective year.
 
 
 
 
 
 
 
 
Performance Shares
 
 
Year ended December 31,
2016
 
2015
 
 
Expected volatility (1)
14.3% - 14.7%
 
14.3% - 14.4%
 
 
Expected term (in years)
n/a
 
n/a
 
 
Expected dividend yield
n/a
 
n/a
 
 
Risk-free interest rate (1)
0.38% - 1.18%
 
0.07% - 1.02%
 
 
 
 
 
 
 
(1)
The expected volatility and risk-free interest rate applied are specific to each tranche of performance shares.
Schedule of Share-based Compensation, Options and Premium Option Plan Awards
Premium Option Plan Awards
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Weighted
options
outstanding
 
Weighted
average
exercise price
 
Weighted
average
remaining
contractual 
life
 
Aggregate
intrinsic  value
 
Range of exercise
prices
 
 
Balance, December 31, 2013
572,000

 
$
73.62

 
 
 
$
13,567

 
$73.06 - $74.24

 
 
Options granted

 

 
 
 
 
 
 
 
 
Options forfeited

 

 
 
 
 
 
 
 
 
Options expired

 

 
 
 
 
 
 
 
 
Options exercised
(572,000
)
 
73.62

 
 
 
13,414

 
 
 
 
Balance, December 31, 2014

 
$

 
 
 
$

 
$

 
 
Options granted

 

 
 
 
 
 
 
 
 
Options forfeited

 

 
 
 
 
 
 
 
 
Options expired

 

 
 
 
 
 
 
 
 
Options exercised

 

 
 
 

 
 
 
 
Balance, December 31, 2015

 
$

 
 
 
$

 
$

 
 
Options granted

 

 
 
 
 
 
 
 
 
Options forfeited

 

 
 
 
 
 
 
 
 
Options expired

 

 
 
 
 
 
 
 
 
Options exercised

 

 
 
 

 
 
 
 
Balance, December 31, 2016

 
$

 
0.0
 
$

 
$

 
 
Total options exercisable at December 31, 2016

 
$

 
0.0
 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
Options
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
options
outstanding
 
Weighted
average
exercise price
 
Weighted
average
remaining
contractual
 life
 
Aggregate
intrinsic
value
 
Range of exercise prices
 
 
Balance, December 31, 2013
828,092

 
$
48.77

 
2.9
 
$
40,221

 
$37.51 - $59.66

 
 
Options granted

 

 
 
 
 
 

 
 
Options forfeited

 

 
 
 
 
 
 
 
 
Options expired

 

 
 
 
 
 
 
 
 
Options exercised
(60,262
)
 
49.52

 
 
 
$
2,900

 
 
 
 
Balance, December 31, 2014
767,830

 
$
48.71

 
2.0
 
$
37,246

 
$37.51 - $59.66

 
 
Options granted

 

 
 
 
 
 

 
 
Options forfeited

 

 
 
 
 
 
 
 
 
Options expired

 

 
 
 
 
 
 
 
 
Options exercised
(359,618
)
 
45.09

 
 
 
$
21,205

 
 
 
 
Balance, December 31, 2015
408,212

 
$
51.90

 
1.6
 
$
25,020

 
$42.66 - $59.66

 
 
Options granted

 

 
 
 
 
 

 
 
Options forfeited

 

 
 
 
 
 
 
 
 
Options expired

 

 
 
 
 
 
 
 
 
Options exercised
(201,417
)
 
$
50.59

 
 
 
$
14,806

 
 
 
 
Balance, December 31, 2016
206,795

 
$
53.17

 
0.9
 
$
17,174

 
$50.71 - $59.66

 
 
Total options exercisable at December 31, 2016
206,795

 
$
53.17

 
0.9
 
$
17,174

 
$50.71 - $59.66

 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Share-based Compensation, Cash Settled Restricted Stock Units and Performance Shares
Cash Settled Restricted Stock Units
 
 
 
 
 
 
Number of
shares
 
 
Nonvested at December 31, 2013
394,145

 
 
Awards granted
119,382

 
 
Awards vested
(159,094
)
 
 
Awards forfeited
(16,110
)
 
 
Nonvested at December 31, 2014
338,323

 
 
Awards granted
160,817

 
 
Awards vested
(144,440
)
 
 
Awards forfeited
(28,622
)
 
 
Nonvested at December 31, 2015
326,078

 
 
Awards granted
135,119

 
 
Awards vested
(133,278
)
 
 
Awards forfeited
(19,575
)
 
 
Nonvested at December 31, 2016
308,344

 
 
 
 
 

Performance Shares
 
 
 
 
 
 
 
 
Number of
shares (1)
 
Weighted
average 
grant-date fair value
 
 
Nonvested at December 31, 2013
359,543

 
$
30.55

 
 
Awards granted
102,668

 
$
46.45

 
 
Awards vested

 
 
 
 
Awards forfeited
(213,639
)
 
 
 
 
Nonvested at December 31, 2014
248,572

 
$
39.62

 
 
Awards granted
103,024

 
$
44.98

 
 
Awards vested

 
 
 
 
Awards forfeited
(121,325
)
 
 
 
 
Nonvested at December 31, 2015
230,271

 
$
41.40

 
 
Awards granted
77,045

 
$
48.31

 
 
Awards vested
(58,032
)
 
$
38.80

 
 
Awards forfeited
(37,903
)
 
 
 
 
Nonvested at December 31, 2016
211,381

 
$
44.63

 
 
 
 
 
 
 
(1) For performance shares, the number of shares is stated at the maximum number that can be attained if the performance conditions are fully met. Forfeitures represent shares forfeited due to vesting below the maximum attainable as a result of the Company not fully meeting the performance conditions.
Schedule of Share-based Compensation, Restricted Stock Awards
Restricted Stock Awards
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee
restricted stock awards
 
Non-employee director
restricted stock awards
 
Total
restricted stock awards
 
 
 
Number of
shares
 
Weighted
average grant
date fair 
value
 
Number of
shares
 
Weighted
average grant
date fair 
value
 
Number of
shares
 
Weighted
average grant
date fair 
value
 
 
Nonvested at December 31, 2013
569,492

 
$
76.11

 
31,486

 
$
78.57

 
600,978

 
$
76.24

 
 
Awards granted
215,054

 
95.79

 
14,455

 
95.06

 
229,509

 
95.74

 
 
Awards vested
(332,725
)
 
73.74

 
(15,886
)
 
74.96

 
(348,611
)
 
73.79

 
 
Awards forfeited
(99
)
 
55.80

 

 

 
(99
)
 
55.80

 
 
Nonvested at December 31, 2014
451,722

 
$
87.29

 
30,055

 
$
88.41

 
481,777

 
$
87.36

 
 
Awards granted
195,337

 
102.17

 
14,575

 
102.90

 
209,912

 
102.22

 
 
Awards vested
(168,019
)
 
82.75

 
(17,744
)
 
86.37

 
(185,763
)
 
83.10

 
 
Awards forfeited

 

 

 

 

 

 
 
Nonvested at December 31, 2015
479,040

 
$
94.95

 
26,886

 
$
97.61

 
505,926

 
$
95.09

 
 
Awards granted
179,003

 
112.41

 
14,727

 
114.71

 
193,730

 
112.59

 
 
Awards vested
(255,873
)
 
93.98

 
(16,068
)
 
96.83

 
(271,941
)
 
94.15

 
 
Awards forfeited

 

 

 

 

 

 
 
Nonvested at December 31, 2016
402,170

 
$
103.34

 
25,545

 
$
107.95

 
427,715

 
$
103.61