STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2015

The Company’s results for the three months ended March 31, 2015 and 2014 reflected the following stock-based compensation cost, and such compensation cost had the following effects on net earnings:

	Increase/(Decrease) for the Three Months Ended March 31,
	2015			2014
Cost of sales	$	212		$	148
Operating expenses		962			840
Net earnings		(760	)		(653	)

Summary of stock option activity

Option activity for the three months ended March 31, 2015 and 2014 is summarized below:

For the three months ended March 31, 2015	Shares (000s)			Weighted Average Exercise Price		Aggregate Intrinsic Value ($000s)		Weighted Average Remaining Contractual Term
Outstanding as of December 31, 2014		1,470		$	27.35	$	57,742
Granted		197			58.52
Exercised		(192	)		16.52
Forfeited		(1	)		45.08
Outstanding as of March 31, 2015		1,474		$	32.93	$	33,736	6.2
Exercisable as of March 31, 2015		1,040		$	24.75	$	31,849	4.9

For the three months ended March 31, 2014	Shares (000s)			Weighted Average Exercise Price		Aggregate Intrinsic Value ($000s)		Weighted Average Remaining Contractual Term
Outstanding as of December 31, 2013		1,893		$	20.94	$	71,465
Granted		158			50.57
Exercised		(125	)		10.60
Forfeited		(13	)		43.10
Outstanding as of March 31, 2014		1,913		$	23.92	$	53,946		5.6
Exercisable as of March 31, 2014		1,504		$	19.28	$	49,392		4.7

Other information pertaining to stock option activity

Other information pertaining to option activity during the three months ended March 31, 2015 and 2014 was as follows:

	Three Months Ended March 31,
	2015			2014
Weighted-average fair value of options granted		$	18.42		$	15.98
Total intrinsic value of stock options exercised ($000s)		$	8,039		$	5,418

Non-vested restricted stock activity

Non-vested restricted stock activity for the three months ended March 31, 2015 and 2014 is summarized below:

Three months ended March 31, 2015	Shares (000s)			Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2014		134		$	38.13
Granted		19			58.52
Vested		(10	)		14.37
Forfeited		-			-
Non-vested balance as of March 31, 2015		143		$	42.53

Three months ended March 31, 2014	Shares (000s)			Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2013		172		$	33.69
Granted		20			50.49
Vested		(2	)		35.79
Forfeited		(2	)		32.70
Non-vested balance as of March 31, 2014		188		$	35.42

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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