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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Share-based Compensation [Abstract]  
Summary of Information Concerning Stock Options Outstanding Including the Related Transactions under the Stock Option Plans



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

Weighted-

 

 

 



 

 

 

 

 

 

Average

 

 

 



 

 

 

Weighted-

 

Remaining

 

Aggregate



 

Number

 

Average

 

Contractual

 

Intrinsic



 

of Shares

 

Exercise

 

Term in

 

Value



 

(in thousands)

 

Price

 

Years

 

(in thousands)

Options Outstanding as of December 31, 2016

 

31,507 

 

$

19.40 

 

 

 

 

 

Granted

 

1,501 

 

 

27.00 

 

 

 

 

 

Exercised

 

(8,429)

 

 

21.78 

 

 

 

 

 

Forfeited and Expired

 

(80)

 

 

21.40 

 

 

 

 

 

Options Outstanding as of March 31, 2017

 

24,499 

 

 

19.04 

 

4.64 

 

$

195,009 

Options Expected to Vest as of March 31, 2017

 

24,949 

 

 

19.07 

 

4.68 

 

 

197,946 

Options Exercisable as of March 31, 2017

 

18,769 

 

 

18.01 

 

3.41 

 

 

168,779 



Inputs Used for Valuation of Option Grants under Stock Option Plans



 

 

 

 



 

 

 

 



 

Three months ended



 

March 31,



 

2017

 

2016

Expected volatility

 

36.1%

 

43.1%

Weighted-average volatility

 

36.1%

 

43.1%

Expected dividends

 

2.28%

 

2.94%

Risk-free rate

 

2.3%

 

1.5%

Average risk-free rate

 

2.3%

 

1.5%

Expected term (in years)

 

7.4

 

7.4

Pre-vesting departure rate

 

0.6%

 

0.6%



Summary of the Status of Non-vested Time-based Restricted Stock and Restricted Stock Units



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Weighted



 

 

 

 

 

 

 

 

Average



 

 

 

 

 

 

Shares

 

Grant-Date



 

 

 

 

 

 

(000’s)

 

Fair Value

Non-vested shares and share units at December 31, 2016

 

 

 

 

 

 

4,640 

 

$

20.15 

Granted

 

 

 

 

 

 

956 

 

 

26.90 

Vested

 

 

 

 

 

 

(150)

 

 

20.16 

Forfeited

 

 

 

 

 

 

(53)

 

 

20.99 

Non-vested shares and share units at March 31, 2017

 

 

 

 

 

 

5,393 

 

$

21.34