XML 22 R37.htm IDEA: XBRL DOCUMENT v3.3.0.814
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Shares available for future awards (in shares) 3,770,007   3,770,007  
Weighted average grant date fair value [Abstract]        
Unrecognized compensation cost related to non-vested shares $ 9,239 $ 6,537 $ 9,239 $ 6,537
Weighted-average period of recognition for unrecognized compensation cost     2 years  
Estimated share-based compensation expense for current fiscal year $ 7,000   $ 7,000  
Stock splits and repurchase of common stock        
Number of shares authorized to be repurchased (in shares) 3,763,038   3,763,038  
Number of shares acquired under the stock repurchase plan (in shares)     2,124,834  
Number of shares acquired under stock repurchase plan and subsequently reissued (in shares)     19,603  
Treasury stock acquired, average cost (in dollars per share)     $ 57.69  
Treasury stock remaining (in shares)     3,595  
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Impact of compensation cost on net earnings $ (1,904) $ (690) $ (3,647) $ (2,189)
Stock Options [Member]        
Weighted Average Assumptions [Abstract]        
Dividend yield     0.60% 0.50%
Expected volatility     33.00% 34.00%
Risk-free interest rate     1.70% 1.80%
Expected term     5 years 6 months 5 years 7 months 6 days
Vesting period     3 years  
Stock Option Activity [Abstract]        
Outstanding at beginning of period (in shares)     1,470,000 1,893,000
Granted (in shares)     209,000 313,000
Exercised (in shares)     (603,000) (456,000)
Forfeited (in shares)     (12,000) (126,000)
Outstanding at end of period (in shares) 1,064,000 1,624,000 1,064,000 1,624,000
Exercisable at end of period (in shares) 690,000 1,220,000 690,000 1,220,000
Weighted Average Exercise Price [Abstract]        
Outstanding at beginning of period (in dollars per share)     $ 27.35 $ 20.94
Granted (in dollars per share)     58.34 53.38
Exercised (in dollars per share)     19.73 14.49
Forfeited (in dollars per share)     50.46 56.03
Outstanding at end of period (in dollars per share) $ 37.52 $ 26.29 37.52 26.29
Exercisable, end of period (in dollars per share) $ 29.23 $ 20.83 $ 29.23 $ 20.83
Aggregate intrinsic value, outstanding, beginning of period     $ 57,742 $ 71,465
Aggregate intrinsic value, outstanding, end of period $ 24,747 $ 49,192 24,747 49,192
Aggregate intrinsic value, exercisable, end of period $ 21,773 $ 43,583 $ 21,773 $ 43,583
Weighted average remaining contractual term, outstanding     6 years 1 month 6 days 5 years 7 months 6 days
Weighted average remaining contractual term, exercisable     4 years 7 months 6 days 4 years 7 months 6 days
Weighted-average fair value of options granted (in dollars per share) $ 18.13 $ 16.38 $ 18.35 $ 17.36
Total intrinsic value of stock options exercised $ 2,944 $ 7,241 $ 23,229 $ 18,185
Restricted Stock [Member]        
Non-vested restricted stock [Roll Forward]        
Non-vested balance as of beginning of period (in shares)     134,000 172,000
Granted (in shares)     76,000 25,000
Vested (in shares)     (48,000) (24,000)
Forfeited (in shares)     0 (6,000)
Non-vested balance as of end of period (in shares) 162,000 167,000 162,000 167,000
Weighted average grant date fair value [Abstract]        
Non-vested balance as of beginning of period (in dollars per share)     $ 38.13 $ 33.69
Granted (in dollars per share)     55.77 51.03
Vested (in dollars per share)     36.34 37.61
Forfeited (in dollars per share)     0 45.32
Non-vested balance as of end of period (in dollars per share) $ 47.01 $ 35.27 $ 47.01 $ 35.27
Restricted Stock [Member] | Employee [Member]        
Weighted Average Assumptions [Abstract]        
Vesting period     4 years  
Restricted Stock [Member] | Non-employee Director [Member]        
Weighted Average Assumptions [Abstract]        
Vesting period     4 years  
Performance Shares [Member]        
Non-vested restricted stock [Roll Forward]        
Non-vested balance as of beginning of period (in shares)     0 0
Granted (in shares)     29,000 0
Vested (in shares)     0 0
Forfeited (in shares)     (9,000) 0
Non-vested balance as of end of period (in shares) 20,000 0 20,000 0
Weighted average grant date fair value [Abstract]        
Non-vested balance as of beginning of period (in dollars per share)     $ 0 $ 0
Granted (in dollars per share)     58.77 0
Vested (in dollars per share)     0 0
Forfeited (in dollars per share)     58.77 0
Non-vested balance as of end of period (in dollars per share) $ 58.77 $ 0 $ 58.77 $ 0
Performance Shares [Member] | Employee [Member]        
Weighted Average Assumptions [Abstract]        
Dividend yield     0.50%  
Expected volatility     34.00%  
Risk-free interest rate     1.00%  
Vesting period     3 years  
Weighted average grant date fair value [Abstract]        
Initial TSR     (6.90%)  
Cliff vest     100.00%  
ISO Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Expiration period of options granted     10 years  
Non-Qualified Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Expiration period of options granted     10 years  
Cost of Sales [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Impact of compensation cost on earnings component $ 214 $ 141 $ 640 $ 452
Operating Expenses [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Impact of compensation cost on earnings component $ 2,756 $ 961 $ 5,016 $ 2,997