XML 43 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 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

 

1,503 

 

 

27.01 

 

 

 

 

 

Exercised

 

(11,914)

 

 

21.39 

 

 

 

 

 

Forfeited and Expired

 

(234)

 

 

23.48 

 

 

 

 

 

Options Outstanding as of June 30, 2017

 

20,862 

 

 

18.77 

 

4.80 

 

$

235,389 

Options Expected to Vest as of June 30, 2017

 

20,813 

 

 

18.76 

 

4.79 

 

 

235,075 

Options Exercisable as of June 30, 2017

 

16,139 

 

 

17.61 

 

3.65 

 

 

200,826 



Inputs Used for Valuation of Option Grants under Stock Option Plans



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended

 

Six months ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016

Expected volatility

 

35.7%

 

40.2%

 

35.7%

-

36.1%

 

40.2%

-

43.1%

Weighted-average volatility

 

35.7%

 

40.2%

 

35.7%

-

36.1%

 

40.2%

-

43.1%

Expected dividends

 

2.11%

 

2.89%

 

2.11%

-

2.28%

 

2.89%

-

2.94%

Risk-free rate

 

2.2%

 

1.6%

 

2.2%

-

2.3%

 

1.5%

-

1.6%

Average risk-free rate

 

2.2%

 

1.6%

 

2.2%

-

2.3%

 

1.5%

-

1.6%

Expected term (in years)

 

7.4

 

7.4

 

7.4

-

7.4

 

7.4

-

7.4

Pre-vesting departure rate

 

0.6%

 

0.6%

 

0.6%

-

0.6%

 

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

 

 

 

 

 

 

1,492 

 

 

27.44 

Vested

 

 

 

 

 

 

(1,068)

 

 

20.74 

Forfeited

 

 

 

 

 

 

(66)

 

 

21.93 

Non-vested shares and share units at June 30, 2017

 

 

 

 

 

 

4,998 

 

$

22.18