XML 47 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation expenses
 Total share-based compensation expenses were as follows (in thousands):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Option plan
$
26,191

 
$
24,428

 
$
22,245

Other share-based awards
23,275

 
26,574

 
57,640

Total share-based compensation before tax
49,466

 
51,002

 
79,885

Tax benefit
18,451

 
19,039

 
29,835

Total share-based compensation expense included in net income
$
31,015

 
$
31,963

 
$
50,050

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following summarizes stock option activity and the weighted average exercise price for the following plans for the each of the three years ended December 31, 2015, 2014 and 2013:
 
Omnibus Plan
(Active)
 
Option Plan
(Frozen)
 
Director Stock Option Plan
(Frozen)
 
Outstanding
Shares
 
Weighted
Average
Exercise
Price
 
Outstanding
Shares
 
Weighted
Average
Exercise
Price
 
Outstanding
Shares
 
Weighted
Average
Exercise
Price
Balance as of December 31, 2012
4,330,410

 
$
35.50

 
353,572

 
$
23.47

 
16,000

 
$
27.10

Granted
1,037,729

 
87.06

 

 

 

 

Exercised
(821,679
)
 
24.45

 
(191,141
)
 
23.23

 
(16,000
)
 
27.10

Forfeited
(80,380
)
 
47.55

 

 

 

 

Balance as of December 31, 2013
4,466,080

 
$
49.29

 
162,431

 
$
23.74

 

 

Granted
705,564

 
130.10

 

 

 

 

Exercised
(866,917
)
 
30.33

 
(96,398
)
 
23.77

 

 

Forfeited
(98,215
)
 
65.14

 
(2,800
)
 
22.43

 

 

Balance as of December 31, 2014
4,206,512

 
$
66.38

 
63,233

 
$
23.76

 

 

Granted
743,062

 
150.81

 

 

 

 

Exercised
(706,750
)
 
40.21

 
(44,283
)
 
23.92

 

 

Forfeited
(137,285
)
 
112.95

 

 

 

 

Balance as of December 31, 2015
4,105,539

 
$
84.61

 
18,950

 
$
23.37

 

 

Vested or expected to vest as of December 31, 2015
4,105,539

 
$
84.61

 
18,950

 
$
23.37

 

 

Options exercisable as of December 31, 2015
1,990,346

 
$
48.05

 
18,950

 
$
23.37

 

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following assumptions were used to estimate the weighted average fair value of options of $37.64, $39.97 and $30.43 granted during the years ended December 31, 2015, 2014 and 2013, respectively:
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Weighted-average volatility
32
%
 
40
%
 
49
%
Expected dividend yield
1.4
%
 
1.5
%
 
1.9
%
Expected term (in years)
4.5

 
4.5

 
4.4

Weighted average risk free interest rate
1.5
%
 
1.6
%
 
0.9
%
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock activity for the year ended December 31, 2015:
 
Shares
Outstanding
 
Weighted
Average
Grant Price
Balance as of December 31, 2014
1,077,731

 
$
98.15

Granted
476,556

 
139.50

Vested
(358,966
)
 
72.56

Canceled/Forfeited
(64,554
)
 
126.64

Balance as of December 31, 2015
1,130,767

 
$
122.08

Expected to vest as of December 31, 2015
765,271

 
$
121.25