STOCK-BASED PLANS

9 Months Ended

Sep. 30, 2015

STOCK-BASED PLANS

STOCK-BASED PLANS

NOTE 12 STOCK BASED PLANS

Our stock based plans are described, and informational disclosures are provided, in the Notes to the Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2014.

Stock Options

The following table summarizes our stock option plan:

	Stock Options	Weighted Average Exercise Price
Stock Options outstanding at January 1, 2015	1,046,490	$	72.61
Granted	91,000		140.49
Forfeited	(73,250)		104.88
Stock Options outstanding at September 30, 2015	1,064,240	$	76.28

For the three and nine months ended September 30, 2015, stock option expense was $0.6 million and $1.5 million, respectively. For the three and nine months ended September 30, 2014, stock option expense was $1.1 million and $3.1 million, respectively.

Restricted Stock

The following table summarizes restricted stock activity:

	Restricted Stock	Weighted Average Grant Date Fair Value
Restricted stock outstanding at January 1, 2015	172,690	$	92.02
Granted	80,913		121.59
Vested	(7,546)		147.56
Forfeited	(4,169)		101.33
Restricted Stock outstanding at September 30, 2015	241,888	$	100.02

For the three and nine months ended September 30, 2015, compensation expense related to restricted stock awards was $1.3   million and $3.4 million, respectively. For the three and nine months ended September 30, 2014, compensation expense related to restricted stock awards was $1.1  million and $2.9 million, respectively.