XML 93 R77.htm IDEA: XBRL DOCUMENT v3.6.0.2
STOCK-BASED PLANS (Summary of Stock Option Activity) (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Nov. 09, 2010
Stock Options        
Shares of common stock reserved for issuance       3,698,050
Maximum number of shares available for future grant 2,147,468      
Stock options outstanding at the beginning of the period (in shares) 1,086,040 1,046,490 965,440  
Granted (in shares) 162,100 117,000 116,500  
Exercised (in shares) (3,000)      
Forfeited (in shares) (68,500) (77,450) (35,450)  
Stock options outstanding at the end of the period (in shares) 1,176,640 1,086,040 1,046,490  
Stock options exercisable at the end of the period (in shares) 609,740      
Remaining unvested options outstanding and expected to vest (in shares) 1,163,260      
Weighted Average Exercise Price        
Stock options outstanding at the beginning of the period (in dollars per share) $ 77.11 $ 72.61 $ 64.57  
Granted (in dollars per share) 109.42 134.24 144.26  
Exercised (in dollars per share) 60.33      
Forfeited (in dollars per share) 122.93 103.84 87.45  
Stock options outstanding at the end of the period (in dollars per share) 78.87 $ 77.11 $ 72.61  
Stock options exercisable at the end of the period (in dollars per share) 57.89      
Stock options expected to vest at the end of the period (in dollars per share) $ 78.46      
Weighted average remaining contractual term of stock options outstanding 5 years 6 months 26 days      
Weighted average remaining contractual term of stock options exercisable 3 years 11 months 1 day      
Weighted average remaining contractual term of stock options expected to vest 5 years 6 months 15 days      
Aggregate intrinsic value $ 44,769,359      
Aggregate intrinsic value of stock options exercisable 34,271,449      
Aggregate intrinsic value of stock options expected to vest $ 44,676,851      
Significant assumptions used in Black-Scholes option-pricing model        
Expiration period 10 years      
Stock based compensation expense $ 6,707,000 $ 7,284,000 $ 8,200,000  
Minimum        
Significant assumptions used in Black-Scholes option-pricing model        
Exercisable period 5 years      
Stock Options        
Stock Options        
Share based compensation costs capitalized $ 2,600,000 $ 2,500,000 $ 0  
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 78.87      
Number Outstanding (in shares) 1,176,640      
Weighted Average Remaining Contractual Term 5 years 6 months 26 days      
Number Exercisable (in shares) 609,740      
Significant assumptions used in Black-Scholes option-pricing model        
Weighted average grant date fair value (in dollars per share) $ 36.55 $ 44.45 $ 48.65  
Weighted-average expected life of options 7 years 4 months 24 days 7 years 6 months 7 years 6 months  
Weighted-average risk-free interest rate (as a percent) 1.80% 2.00% 2.20%  
Weighted-average expected volatility (as a percent) 33.10% 26.10% 25.70%  
Unamortized stock option expense $ 10,300,000      
Stock based compensation expense 9,400,000 $ 9,800,000 $ 8,200,000  
Stock Options | General and Administrative Expense        
Significant assumptions used in Black-Scholes option-pricing model        
Stock based compensation expense $ 2,900,000 $ 2,600,000 $ 4,300,000  
Stock Options | $46.49 - 55.82        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 52.87      
Number Outstanding (in shares) 47,500      
Weighted Average Remaining Contractual Term 4 years 6 months      
Number Exercisable (in shares) 47,500      
Stock Options | $46.49 - 55.82 | Minimum        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 46.49      
Stock Options | $46.49 - 55.82 | Maximum        
Exercise price range of stock options        
Exercise Price (in dollars per share) 55.82      
Stock Options | $57.77 - 60.33        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 57.93      
Number Outstanding (in shares) 565,000      
Weighted Average Remaining Contractual Term 3 years 10 months 24 days      
Number Exercisable (in shares) 529,500      
Stock Options | $57.77 - 60.33 | Minimum        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 57.77      
Stock Options | $57.77 - 60.33 | Maximum        
Exercise price range of stock options        
Exercise Price (in dollars per share) 60.33      
Stock Options | $61.64 - 69.75        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 66.31      
Number Outstanding (in shares) 164,240      
Weighted Average Remaining Contractual Term 5 years 2 months 12 days      
Number Exercisable (in shares) 32,740      
Stock Options | $61.64 - 69.75 | Minimum        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 61.64      
Stock Options | $61.64 - 69.75 | Maximum        
Exercise price range of stock options        
Exercise Price (in dollars per share) 69.75      
Stock Options | $81.80 - 110.50        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 97.87      
Number Outstanding (in shares) 128,400      
Weighted Average Remaining Contractual Term 7 years      
Stock Options | $81.80 - 110.50 | Minimum        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 81.80      
Stock Options | $81.80 - 110.50 | Maximum        
Exercise price range of stock options        
Exercise Price (in dollars per share) 110.50      
Stock Options | $112.64 - 151.72        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 125.61      
Number Outstanding (in shares) 271,500      
Weighted Average Remaining Contractual Term 8 years 8 months 12 days      
Stock Options | $112.64 - 151.72 | Minimum        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 112.64      
Stock Options | $112.64 - 151.72 | Maximum        
Exercise price range of stock options        
Exercise Price (in dollars per share) $ 151.72