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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Stock-Based Compensation [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value of Stock Options

For the six months ended

June 30,

2019

2018

Risk free interest rate

1.84% - 2.47%

2.57% - 2.87%

Dividend yield

1.3%

0.7%

Expected volatility

20%

22%

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, 2018

4,816

$

114.48

Granted

1,059

$

182.90

Exercised

(1,088)

$

100.70

Forfeited/canceled

(49)

$

136.33

Outstanding at June 30, 2019

4,738

$

132.72

4.6

$

436,326

Exercisable at June 30, 2019

2,144

$

110.19

3.3

$

245,862

Unvested at June 30, 2019

2,594

$

151.36

5.6

$

190,464

Summary of Restricted Stock Unit Activity

Weighted-Average

Number of

Grant Date Fair

Shares

Value per Share

(in thousands)

Outstanding at December 31, 2018

324

$

128.69

Granted

131

$

182.30

Vested

(129)

$

125.39

Forfeited/canceled

(10)

$

147.12

Outstanding at June 30, 2019

316

$

152.22