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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Stock-Based Compensation [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value of Stock Options



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

 

For the nine months ended



 

 

 

 

 

September 30,



 

 

 

 

 

2018

 

 

2017



 

 

 

 

 

 

 

 

 

Risk free interest rate

 

 

 

 

 

2.57% - 2.87%

 

 

1.70% - 1.97%

Dividend yield

 

 

 

 

 

0.7%

 

 

0.0%

Expected volatility

 

 

 

 

 

22%

 

 

20%

Expected lives

 

 

 

 

 

4.6 years

 

 

4.6 years



Summary of Stock Option Activity



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

 

Weighted-

 

Weighted-Average

 

 

 



 

 

 

Average

 

Remaining

 

 

 



 

Number

 

Exercise Price

 

Contractual

 

Aggregate



 

of Shares

 

Per Share

 

Life (in years)

 

Intrinsic Value

Outstanding at December 31, 2017

 

4,842 

 

$

100.12 

 

 

 

 

 

Granted

 

937 

 

$

156.54 

 

 

 

 

 

Exercised

 

(548)

 

$

81.99 

 

 

 

 

 

Forfeited/canceled

 

(38)

 

$

123.91 

 

 

 

 

 

Outstanding at September 30, 2018

 

5,193 

 

$

112.05 

 

4.3 

 

$

252,235 

Exercisable at September 30, 2018

 

2,538 

 

$

97.34 

 

3.1 

 

$

160,627 

Unvested at September 30, 2018

 

2,655 

 

$

126.11 

 

5.4 

 

$

91,608 



Summary of Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Weighted-Average



 

 

 

 

 

 

Number of

 

Grant Date Fair



 

 

 

 

 

 

Shares

 

Value per Share



 

 

 

 

 

 

(in thousands)

 

 

 

Outstanding at December 31, 2017

 

 

 

 

 

 

328 

 

$

110.20 

Granted

 

 

 

 

 

 

137 

 

$

156.61 

Vested

 

 

 

 

 

 

(129)

 

$

110.94 

Forfeited/canceled

 

 

 

 

 

 

(11)

 

$

134.37 

Outstanding at September 30, 2018

 

 

 

 

 

 

325 

 

$

128.73