XML 50 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]          
Impact of stock-based compensation cost on net earnings $ (1,114) $ (1,904) $ (3,587) $ (3,647)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares available for future awards (in shares) 3,419,191   3,419,191    
Weighted Average Assumptions [Abstract]          
Unrecognized compensation cost related to non-vested shares $ 10,423 $ 9,239 $ 10,423 $ 9,239  
Weighted-average period of recognition for unrecognized compensation cost     1 year 6 months    
Estimated share-based compensation expense for current fiscal year $ 7,300   $ 7,300    
Repurchase of common stock [Abstract]          
Number of shares authorized to be repurchased (in shares) 3,763,038   3,763,038    
Aggregate number of shares repurchased since inception (in shares) 2,149,574   2,149,574    
Number of shares remaining in treasury (in shares) 0   0   1,089
Number of shares acquired under stock repurchase plan and subsequently reissued (in shares)     23,651    
Treasury stock acquired, average cost (in dollars per share)     $ 62.51    
Stock Options [Member]          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period     3 years    
Stock Option Activity [Abstract]          
Outstanding at beginning of period (in shares)     1,017,000 1,470,000  
Granted (in shares)     338,000 209,000  
Exercised (in shares)     (198,000) (603,000)  
Forfeited (in shares)     0 (12,000)  
Outstanding at end of period (in shares) 1,157,000 1,064,000 1,157,000 1,064,000  
Exercisable at end of period (in shares) 644,000 690,000 644,000 690,000  
Weighted Average Exercise Price [Abstract]          
Outstanding at beginning of period (in dollars per share)     $ 37.29 $ 27.35  
Granted (in dollars per share)     60.78 58.34  
Exercised (in dollars per share)     31.03 19.73  
Forfeited (in dollars per share)     0 50.46  
Outstanding at end of period (in dollars per share) $ 45.22 $ 37.52 45.22 37.52  
Exercisable, end of period (in dollars per share) $ 34.29 $ 29.23 $ 34.29 $ 29.23  
Aggregate intrinsic value, outstanding, beginning of period     $ 23,927 $ 57,742  
Aggregate intrinsic value, outstanding, end of period $ 37,435 $ 24,747 37,435 24,747  
Aggregate intrinsic value, exercisable, end of period $ 27,857 $ 21,773 $ 27,857 $ 21,773  
Weighted average remaining contractual term, outstanding     6 years 7 months 6 days 6 years 1 month 6 days  
Weighted average remaining contractual term, exercisable     4 years 10 months 24 days 4 years 7 months 6 days  
Weighted-average fair value of options granted (in dollars per share) $ 0 $ 18.13 $ 18.45 $ 18.35  
Total intrinsic value of stock options exercised $ 4,423 $ 2,944 $ 6,680 $ 23,229  
Weighted Average Assumptions [Abstract]          
Dividend yield     0.50% 0.60%  
Expected volatility     34.00% 33.00%  
Risk-free interest rate     1.20% 1.70%  
Expected term     5 years 5 years 6 months  
Restricted Stock [Member]          
Non-vested restricted stock [Roll Forward]          
Non-vested balance as of beginning of period (in shares)     150,000 134,000  
Granted (in shares)     18,000 76,000  
Vested (in shares)     (52,000) (48,000)  
Forfeited (in shares)     0 0  
Non-vested balance as of end of period (in shares) 116,000 162,000 116,000 162,000  
Weighted average grant date fair value [Abstract]          
Non-vested balance as of beginning of period (in dollars per share)     $ 47.46 $ 38.13  
Granted (in dollars per share)     60.85 55.77  
Vested (in dollars per share)     42.36 36.34  
Forfeited (in dollars per share)     0 0  
Non-vested balance as of end of period (in dollars per share) $ 51.83 $ 47.01 $ 51.83 $ 47.01  
Restricted Stock [Member] | Employee [Member]          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period     4 years    
Restricted Stock [Member] | Non-employee Director [Member]          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period     4 years    
Performance Shares [Member]          
Non-vested restricted stock [Roll Forward]          
Non-vested balance as of beginning of period (in shares)     20,000 0  
Granted (in shares)     21,000 29,000  
Vested (in shares)     0 0  
Forfeited (in shares)     (4,000) (9,000)  
Non-vested balance as of end of period (in shares) 37,000 20,000 37,000 20,000  
Weighted average grant date fair value [Abstract]          
Non-vested balance as of beginning of period (in dollars per share)     $ 58.77 $ 0  
Granted (in dollars per share)     63.15 58.77  
Vested (in dollars per share)     0 0  
Forfeited (in dollars per share)     60.87 58.77  
Non-vested balance as of end of period (in dollars per share) $ 61.04 $ 58.77 $ 61.04 $ 58.77  
Performance Shares [Member] | Employee [Member]          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period     3 years    
Weighted Average Assumptions [Abstract]          
Dividend yield     0.60% 0.50%  
Expected volatility     32.00% 34.00%  
Risk-free interest rate     0.88% 1.00%  
Initial TSR     (6.60%) (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]          
Stock-based compensation cost $ 260 $ 214 $ 780 $ 640  
Operating Expenses [Member]          
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]          
Stock-based compensation cost $ 1,436 $ 2,756 $ 4,867 $ 5,016