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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation [Abstract]  
Schedule Of Assumptions Used To Estimate Fair Value Of Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31,

 

 

 

2013

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

 

 

Risk free interest rate

 

 

0.51% - 1.38%

 

 

0.58% - 0.83%

 

 

0.66% - 2.17%

Dividend yield

 

 

0.0%

 

 

0.0%

 

 

0.0%

Expected volatility

 

 

25.0% - 29.0%

 

 

53.0%

 

 

53.9%

Expected lives

 

 

3.9 - 4.8 years

 

 

3.8 - 4.6 years

 

 

3.5 - 4.5 years

 

Company's Activities With Respect To Its Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

Number

 

Exercise Price

 

Contractual

 

Aggregate

 

 

of Shares

 

Per Share

 

Life (in years)

 

Intrinsic Value

Outstanding at December 31, 2010

 

3,786

 

$

24.78 

 

 

 

 

 

Granted

 

578

 

$

41.91 

 

 

 

 

 

Exercised

 

(704)

 

$

21.53 

 

 

 

 

 

Canceled

 

(52)

 

$

32.07 

 

 

 

 

 

Outstanding at December 31, 2011

 

3,608

 

$

28.06 

 

 

 

 

 

Granted

 

613

 

$

47.58 

 

 

 

 

 

Exercised

 

(1,381)

 

$

24.37 

 

 

 

 

 

Canceled

 

(9)

 

$

37.71 

 

 

 

 

 

Outstanding at December 31, 2012

 

2,831

 

$

34.06 

 

 

 

 

 

Granted

 

984

 

$

73.17 

 

 

 

 

 

Exercised

 

(776)

 

$

27.57 

 

 

 

 

 

Canceled

 

(60)

 

$

52.54 

 

 

 

 

 

Outstanding at December 31, 2013

 

2,979

 

$

48.30 

 

4.3 

 

$

123,769 

Exercisable at December 31, 2013

 

1,194

 

$

31.17 

 

2.6 

 

$

70,033 

Unvested at December 31, 2013

 

1,785

 

$

59.74 

 

5.5 

 

$

53,736 

 

Additional Information Regarding Options Outstanding And Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

Weighted Average

 

Average

 

 

 

Average

Range

 

Outstanding

 

Contractual Life

 

Exercise Price

 

Exercisable

 

Exercise Price

 

 

(in thousands)

 

(in years)

 

 

 

 

(in thousands)

 

 

 

$0.00 - $10.50

 

 

1.1 

 

$

8.56 

 

 

$

8.56 

$10.51 - $21.00

 

340 

 

2.1 

 

$

19.41 

 

340 

 

$

19.41 

$21.01 - $31.50

 

104 

 

3.0 

 

$

27.53 

 

95 

 

$

27.39 

$31.51 - $60.00

 

1,560 

 

3.8 

 

$

40.81 

 

750 

 

$

37.26 

$60.01 - $79.67

 

966 

 

6.2 

 

$

73.17 

 

 —

 

$

0.00 

 

 

2,979 

 

 

 

 

 

 

1,194 

 

 

 

 

Activity Of Options Outstanding Not Yet Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

Average

 

 

Number

 

Fair Value

 

 

of Shares

 

Per Share

 

 

(in thousands)

 

 

 

Unvested as of December 31, 2012

 

1,526 

 

$

17.20 

Shares granted

 

984 

 

$

17.38 

Vesting during period

 

(665)

 

$

14.79 

Forfeited or canceled

 

(60)

 

$

18.52 

Unvested as of December 31, 2013

 

1,785 

 

$

18.15 

 

Company's Restricted Stock Unit Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

Average

 

 

 

 

Grant Date

 

 

Number of

 

Fair Value per

 

 

Units

 

Share

 

 

(in thousands)

 

 

 

Outstanding at December 31, 2012

 

294 

 

$

43.27 

Granted

 

122 

 

$

73.44 

Vested

 

(100)

 

$

41.82 

Forfeited/canceled

 

(11)

 

$

49.03 

Outstanding at December 31, 2013

 

305 

 

$

55.60 

 

 

 

 

 

 

Expected to vest, net of estimated forfeitures

 

 

 

 

 

as of December 31, 2013

 

303 

 

$

55.69 

 

Schedule Of Non-Cash Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31,

 

 

2013

 

2012

 

2011

 

 

(in thousands)

Cost of revenues

 

$

230 

 

$

187 

 

$

187 

Selling, general and administrative

 

 

16,975 

 

 

13,781 

 

 

11,282 

Total cost of non-cash compensation included

 

 

 

 

 

 

 

 

 

in loss before provision for income taxes

 

 

17,205 

 

 

13,968 

 

 

11,469 

Amount of income tax recognized in earnings

 

 

 —

 

 

 —

 

 

 —

Amount charged against loss

 

$

17,205 

 

$

13,968 

 

$

11,469