XML 74 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary Information for Restricted Stock Awards and Incentive Compensation Stock Awards

The following table summarizes information for restricted stock awards and incentive compensation stock awards for 2017:

 

 

Restricted Stock -

Service Based

 

 

Restricted Stock -

Performance Based

 

 

Incentive Compensation Stock

 

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

January 1, 2017

 

 

307,317

 

 

$

125.36

 

 

 

111,317

 

 

$

122.22

 

 

 

40,549

 

 

$

114.44

 

Awarded

 

 

80,181

 

 

$

213.76

 

 

 

47,997

 

 

$

207.73

 

 

 

19,981

 

 

$

208.68

 

Distributed

 

 

(68,828

)

 

$

121.40

 

 

 

(17,692

)

 

$

129.14

 

 

 

(21,784

)

 

$

108.44

 

Forfeited

 

 

(3,830

)

 

$

156.40

 

 

 

(1,623

)

 

$

150.38

 

 

 

(236

)

 

$

124.41

 

December 31, 2017

 

 

314,840

 

 

$

151.84

 

 

 

139,999

 

 

$

150.34

 

 

 

38,510

 

 

$

166.67

 

 

Summary Information for Stock Options

The following table includes summary information for stock options as of December 31, 2017:

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-Average Remaining Contractual Life (years)

 

Outstanding at January 1, 2017

 

 

406,891

 

 

$

93.27

 

 

 

 

 

Exercised

 

 

(104,093

)

 

$

98.68

 

 

 

 

 

Terminated

 

 

(840

)

 

$

80.52

 

 

 

 

 

Outstanding at December 31, 2017

 

 

301,958

 

 

$

91.44

 

 

 

3.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2017

 

 

261,380

 

 

$

83.37

 

 

 

3.1

 

 

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense for the years ended December 31, 2017, 2016 and 2015, unrecognized compensation cost for nonvested awards at December 31, 2017 and the weighted-average period over which unrecognized compensation cost will be recognized:

 

(add 000,

except year data)

 

Stock

Options

 

 

Restricted

Stock

 

 

Incentive Compensation Stock

 

 

Directors’ Awards

 

 

Total

 

Stock-based compensation expense recognized for years

   ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

684

 

 

$

28,657

 

 

$

661

 

 

$

458

 

 

$

30,460

 

2016

 

$

1,646

 

 

$

17,747

 

 

$

442

 

 

$

646

 

 

 

20,481

 

2015

 

$

2,679

 

 

$

9,809

 

 

$

376

 

 

$

725

 

 

 

13,589

 

Unrecognized compensation cost at December 31, 2017:

 

$

292

 

 

$

24,116

 

 

$

458

 

 

$

 

 

$

24,866

 

Weighted-average period over which unrecognized

   compensation cost will be recognized:

 

1.1 years

 

 

2.0 years

 

 

1.6 years

 

 

 

 

 

 

 

 

 

Stock-Based Compensation Expense in Future for Outstanding Awards

The following presents expected stock-based compensation expense in future periods for outstanding awards as of December 31, 2017:

(add 000)

 

 

 

 

2018

 

$

15,559

 

2019

 

 

8,299

 

2020

 

 

645

 

2021

 

 

269

 

2022

 

 

94

 

Total

 

$

24,866