XML 84 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2017
Aggregate Values For Distributed Restricted Share Awards



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

in thousands

2017 

 

 

2016 

 

 

2015 

 

Aggregate value of distributed

 

 

 

 

 

 

 

 

  restricted shares

$        7,685 

 

 

$               0 

 

 

$               0 

 



Weighted-Average Fair Value And Weighted-Average Assumptions Used In Estimating Fair Value of Grants



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

2017 

 

 

2016 

 

 

2015 

 

 

SOSARs

 

 

 

 

 

 

 

 

 

Fair value

$        43.01 

 

 

$        29.20 

 

 

$        25.17 

 

 

Risk-free interest rate

2.36% 

 

 

1.66% 

 

 

1.85% 

 

 

Dividend yield

1.27% 

 

 

1.39% 

 

 

1.70% 

 

 

Volatility

31.35% 

 

 

30.42% 

 

 

33.00% 

 

 

Expected term

9.00 years

 

 

9.00 years

 

 

8.00 years

 

 



Summary of Our Stock Option/SOSAR Activity



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Weighted-average

 

 

 

 



 

 

 

 

 

 

 

 

Remaining

 

 

Aggregate

 



 

 

Number

 

 

Weighted-average

 

 

Contractual

 

 

Intrinsic Value

 



 

 

of Shares

 

 

Exercise Price

 

 

Life (Years)

 

 

(in thousands)

 

SOSARs

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2017

2,392,431 

 

 

$             51.80 

 

 

 

 

 

 

 

Granted

79,200 

 

 

122.60 

 

 

 

 

 

 

 

Exercised

(226,280)

 

 

64.75 

 

 

 

 

 

 

 

Forfeited or expired

(2,864)

 

 

74.62 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

2,242,487 

 

 

$             52.95 

 

 

3.73 

 

 

$         169,034 

 

Vested and expected to vest

2,233,801 

 

 

$             52.89 

 

 

3.72 

 

 

$         168,513 

 

Exercisable at December 31, 2017

1,957,871 

 

 

$             47.27 

 

 

3.14 

 

 

$         158,700 

 



Aggregate Intrinsic Values of Options Exercised



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

in thousands

2017 

 

 

2016 

 

 

2015 

 

Aggregate intrinsic value of SOSARs/

 

 

 

 

 

 

 

 

  stock options exercised

$       13,758 

 

 

$       27,705 

 

 

$       43,620 

 



Cash and Stock Consideration Received and Tax Benefit Realized from Stock Option/Sosar Exercises and Compensation Cost Recorded



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

in thousands

2017 

 

 

2016 

 

 

2015 

 

SOSARs/Stock Options

 

 

 

 

 

 

 

 

Cash and stock consideration received

 

 

 

 

 

 

 

 

  from exercises

$              0 

 

 

$              0 

 

 

$     72,884 

 

Tax benefit from exercises

5,331 

 

 

10,767 

 

 

16,920 

 

Compensation cost

3,723 

 

 

2,744 

 

 

2,221 

 



Performance Shares [Member]  
Summary of Activity For Nonvested Performance Share Units



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

Target

 

 

Weighted-average

 



 

 

Number

 

 

Grant Date

 



 

 

of Shares

 

 

Fair Value

 

Performance Shares

 

 

 

 

 

Nonvested at January 1, 2017

667,096 

 

 

$             73.20 

 

Granted

121,310 

 

 

117.49 

 

Vested

(275,899)

 

 

63.42 

 

Canceled/forfeited

(13,528)

 

 

80.97 

 

Nonvested at December 31, 2017

498,979 

 

 

$             89.16 

 



Aggregate Value of Performance Shares



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

in thousands

2017 

 

 

2016 

 

 

2015 

 

Aggregate value of distributed

 

 

 

 

 

 

 

 

  performance shares

$       52,368 

 

 

$       60,443 

 

 

$       26,258 

 



Restricted Shares [Member]  
Summary of Restricted Stock Units



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

 

 

 

Weighted-average

 



 

 

Number

 

 

Grant Date

 



 

 

of Shares

 

 

Fair Value

 

Restricted Stock Units

 

 

 

 

 

Nonvested at January 1, 2017

135,430 

 

 

$             71.63 

 

Granted

43,710 

 

 

117.49 

 

Vested

(64,544)

 

 

56.74 

 

Canceled/forfeited

(5,294)

 

 

99.00 

 

Nonvested at December 31, 2017

109,302 

 

 

$             97.43