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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of share-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine

 

 

 

Year Ended

 

Year Ended

 

Months Ended

 

(In thousands)

    

December 31, 2015

    

December 31, 2014

    

December 31, 2013

 

Cost of goods manufactured and sold

 

$

8,880

 

$

6,940

 

$

3,308

 

Research and development

 

 

24,201

 

 

14,422

 

 

7,799

 

Selling, general and administrative

 

 

64,260

 

 

38,217

 

 

22,302

 

Total share-based compensation expense

 

$

97,341

 

$

59,579

 

$

33,409

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

Number of

 

Weighted Average

 

 

    

Shares

    

Exercise Price

 

Outstanding, January 1, 2015

 

13,172,626

 

$

22.32

 

Granted

 

2,697,610

 

$

67.88

 

Exercised

 

(2,550,665)

 

$

17.91

 

Forfeited

 

(340,765)

 

$

52.94

 

Outstanding, December 31, 2015

 

12,978,806

 

$

31.86

 

Exercisable, December 31, 2015

 

8,065,860

 

$

19.34

 

 

Time-vested RSUs  
Summary of RSU activity

 

 

 

 

 

 

 

 

    

Number of

    

Weighted Average

 

 

 

Shares

 

Grant Date Fair Value

 

Unvested, January 1, 2015

 

1,760,914

 

$

32.96

 

Granted

 

684,915

 

$

71.16

 

Vested

 

(733,343)

 

$

29.05

 

Forfeited

 

(166,854)

 

$

45.52

 

Unvested, December 31, 2015

 

1,545,632

 

$

50.38

 

 

Performance-based RSUs  
Summary of RSU activity

 

 

 

 

 

 

 

    

    

Number of

    

Weighted Average

 

 

 

Shares

 

Grant Date Fair Value

 

Unvested, January 1, 2015

 

656,725

 

$

47.17

 

Granted

 

 —

 

$

 —

 

Vested

 

(299,783)

 

$

47.17

 

Forfeited

 

(76,277)

 

$

47.15

 

Unvested, December 31, 2015

 

280,665

 

$

47.17