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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary Information for Stock Options

The following table includes summary information for stock options as of December 31, 2014:

 

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-Average Remaining Contractual Life (years)

 

Outstanding at January 1, 2014

 

 

882,416

 

 

$

102.74

 

 

 

 

 

Granted

 

 

55,981

 

 

$

121.00

 

 

 

 

 

Granted - Replacement Options

 

 

821,282

 

 

$

56.66

 

 

 

 

 

Exercised

 

 

(697,154

)

 

$

59.98

 

 

 

 

 

Terminated

 

 

(8,090

)

 

$

45.12

 

 

 

 

 

Outstanding at December 31, 2014

 

 

1,054,435

 

 

$

96.53

 

 

 

3.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2014

 

 

906,719

 

 

$

95.67

 

 

 

2.8

 

 

Summary of Information for Incentive Compensation Awards and Restricted Stock Awards

The following table summarizes information for incentive compensation awards and restricted stock awards as of December 31, 2014:

 

 

 

Incentive

Compensation

 

 

Restricted Stock

 

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

January 1, 2014

 

 

25,131

 

 

$

88.51

 

 

 

197,049

 

 

$

87.91

 

Awarded

 

 

13,964

 

 

$

109.17

 

 

 

168,509

 

 

$

126.88

 

Distributed

 

 

(11,293

)

 

$

81.91

 

 

 

(28,624

)

 

$

95.79

 

Forfeited

 

 

(194

)

 

$

95.73

 

 

 

(1,316

)

 

$

97.37

 

December 31, 2014

 

 

27,608

 

 

$

101.61

 

 

 

335,618

 

 

$

106.77

 

 

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense for the years ended December 31, 2014, 2013 and 2012, unrecognized compensation cost for nonvested awards at December 31, 2014 and the weighted-average period over which unrecognized compensation cost is expected to be recognized:

 

(add 000,

except year data)

 

Stock

Options

 

 

Restricted

Stock

 

 

Incentive Compensation

 

 

Directors’ Awards

 

 

Total

 

Stock-based compensation expense recognized for years

   ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

$

2,020

 

 

$

6,189

 

 

$

257

 

 

$

527

 

 

$

8,993

 

2013

 

$

1,734

 

 

$

4,377

 

 

$

229

 

 

$

668

 

 

 

7,008

 

2012

 

$

1,835

 

 

$

4,980

 

 

$

237

 

 

$

729

 

 

 

7,781

 

Unrecognized compensation cost at December 31, 2014:

 

$

2,241

 

 

$

20,096

 

 

$

241

 

 

$

-

 

 

$

22,578

 

Weighted-average period over which unrecognized

   compensation cost will be recognized:

 

2.0 years

 

 

3.6 years

 

 

1.6 years

 

 

 

 

 

 

 

 

 

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

The following presents expected stock-based compensation expense in future periods for outstanding awards as of December 31, 2014:

 

(add 000)

 

 

 

 

2015

 

$

8,407

 

2016

 

 

6,182

 

2017

 

 

3,482

 

2018

 

 

2,743

 

2019

 

 

1,764

 

Total

 

$

22,578