XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Costs Related to Stock Compensation Plans
The following costs related to the Company’s stock compensation plans were included in the condensed consolidated statements of income and comprehensive income:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Cost of revenues
$
4,913

 
$
4,518

 
$
14,452

 
$
12,600

Selling, general and administrative expenses - Acquisition related
216

 
3,890

 
8,067

 
9,870

Selling, general and administrative expenses - All other
6,088

 
5,418

 
17,401

 
15,050

Total
$
11,217

 
$
13,826

 
$
39,920

 
$
37,520
Stock Options Activity
Stock option activity under the Company’s plans is set forth below:
 
Number of
Options 
 
Weighted Average
Exercise Price 
 
Aggregate
Intrinsic Value 
 
Weighted Average
Remaining Contractual Term (in years)
Options outstanding at January 1, 2017
6,637,239

 
$
37.20

 
 
 
 
Options granted
261,373

 
$
73.40

 
 
 
 
Options exercised
(1,537,182
)
 
$
29.80

 
 
 
 
Options forfeited/cancelled
(142,491
)
 
$
54.50

 
 
 
 
Options outstanding at September 30, 2017
5,218,939

 
$
40.72

 
$
246,386

 
6.5
 
 
 
 
 
 
 
 
Options vested and exercisable at September 30, 2017
3,303,812

 
$
31.32

 
$
187,029

 
5.8
Options expected to vest at September 30, 2017
1,838,657

 
$
56.64

 
$
57,532

 
7.6
Service-based Awards Activity
The table below summarizes activity related to the Company’s equity-classified and liability-classified service-based awards for the nine months ended September 30, 2017.
 
Equity-Classified
 Restricted Stock
 
Equity-Classified
Equity-Settled
Restricted Stock Units
 
Liability-Classified
Cash-Settled
Restricted Stock Units
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
Unvested service-based awards outstanding at January 1, 2017
154,125

 
$
40.89

 
485,188

 
$
67.69

 
204,501

 
$
70.53

Awards granted
—

 
$
—

 
422,684

 
$
73.79

 
168,544

 
$
73.92

Awards modified
—

 
$
—

 
(2,570
)
 
$
48.49

 
2,570

 
$
73.27

Awards vested
(137,320
)
 
$
42.92

 
(135,023
)
 
$
66.01

 
(52,004
)
 
$
70.56

Awards forfeited/cancelled
—

 
$
—

 
(53,505
)
 
$
70.38

 
(7,659
)
 
$
71.65

Unvested service-based awards outstanding at September 30, 2017
16,805

 
$
48.47

 
716,774

 
$
71.47

 
315,952

 
$
72.33
Performance-based Awards Activity
The table below summarizes activity related to the Company’s equity-classified and liability-classified performance-based awards for the nine months ended September 30, 2017.
 
Equity-Classified
 Restricted Stock
 
Liability-Classified
Restricted Stock
 
Equity-Classified
Equity-Settled
Restricted Stock Units
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
Unvested performance-based awards outstanding at January 1, 2017
5,573

 
$
33.47

 
105,602

 
$
38.86

 
4,667

 
$
70.22

Awards granted
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Awards vested
(3,956
)
 
$
27.64

 
(105,602
)
 
$
38.86

 
—

 
$
—

Awards forfeited/cancelled
—

 
$
—

 
—

 
$
—

 
(2,333
)
 
$
70.22

Unvested performance-based awards outstanding at September 30, 2017
1,617

 
$
47.74

 
—

 
$
—

 
2,334

 
$
70.22