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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Schedule Of Risk Free Interest Rate

 

 

 

 

 

 

Assumptions

2013

 

2012

 

2011

Risk-free interest rate

1.5% 

 

0.6% 

 

0.9% 

Expected dividend yield

 

 

Expected volatility

38.6% 

 

58.2% 

 

58.1% 

Expected term

5 years

 

5 years

 

5 years

 

Summary of Stock Option Activity, Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

Number

 

 

Exercise

 

Number

 

 

Exercise

 

Number

 

 

Exercise

 

 

of Shares

 

 

Price

 

of Shares

 

 

Price

 

of Shares

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 1

 

3,649,520 

 

$

29.84 

 

4,741,732 

 

$

21.24 

 

4,769,122 

 

$

16.13 

Granted

 

571,166 

 

 

38.95 

 

613,120 

 

 

34.34 

 

853,478 

 

 

36.64 

Exercised

 

(833,132)

 

 

12.12 

 

(1,607,784)

 

 

5.71 

 

(850,659)

 

 

7.54 

Forfeited or expired

 

(74,861)

 

 

37.31 

 

(97,548)

 

 

37.76 

 

(30,209)

 

 

35.46 

Options outstanding at December 31

 

3,312,693 

 

$

35.70 

 

3,649,520 

 

$

29.84 

 

4,741,732 

 

$

21.24 

 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

Options

 

Weighted

 

Remaining

 

Aggregate

 

Options

 

Weighted

 

Remaining

 

Aggregate

 

 

Outstanding at

 

Average

 

Contractual

 

Intrinsic

 

Exercisable at

 

Average

 

Contractual

 

Intrinsic

Range of

 

December 31,

 

Exercise

 

Life

 

Value

 

December 31,

 

Exercise

 

Life

 

Value

Exercise Prices

 

2013

 

Price

 

(Years)

 

(thousands)

 

2013

 

Price

 

(Years)

 

(thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$20.34-$29.69

 

273,134 

 

 

27.31 

 

1.2 

 

 

 

 

265,025 

 

 

27.29 

 

1.1 

 

 

 

$30.23-$35.91

 

1,087,218 

 

 

33.09 

 

4.3 

 

 

 

 

677,387 

 

 

32.32 

 

3.4 

 

 

 

$36.22-$39.91

 

1,587,066 

 

 

37.56 

 

5.4 

 

 

 

 

803,412 

 

 

36.74 

 

4.4 

 

 

 

$40.15-$51.47

 

365,275 

 

 

41.64 

 

3.0 

 

 

 

 

358,004 

 

 

41.62 

 

2.9 

 

 

 

 

 

3,312,693 

 

$

35.70 

 

4.4 

 

$

12,882 

 

2,103,828 

 

$

34.96 

 

2.9 

 

$

10,022 

 

Summary of Restricted Stock Activity and Unvested Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

Number

 

 

Grant Date

 

Number

 

 

Grant Date

 

Number

 

 

Grant Date

 

 

of Shares

 

 

Fair Value

 

of Shares

 

 

Fair Value

 

of Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested shares at January 1

 

1,117,515 

 

$

35.64 

 

1,019,737 

 

$

36.71 

 

834,058 

 

$

36.24 

Granted

 

1,108,852 

 

 

38.92 

 

537,244 

 

 

34.39 

 

532,754 

 

 

36.41 

Vested

 

(381,676)

 

 

36.29 

 

(344,164)

 

 

36.50 

 

(294,358)

 

 

34.90 

Forfeited

 

(73,769)

 

 

35.81 

 

(95,302)

 

 

36.97 

 

(52,717)

 

 

36.45 

Unvested shares at December 31

 

1,770,922 

 

$

37.55 

 

1,117,515 

 

$

35.64 

 

1,019,737 

 

$

36.71 

 

Stock Options [Member]
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Text Block]

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Stock-based compensation cost related to stock options – general and administrative expense

$

5,494 

 

$

5,427 

 

$

4,959 

Stock-based compensation cost related to stock options – capitalized

$

4,812 

 

$

4,468 

 

$

3,365 

 

Restricted Stock [Member]
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Text Block]

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2012

 

 

2011

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Stock-based compensation cost related to restricted stock grants
  – general and administrative expense

$

7,432 

 

$

6,368 

 

$

5,591 

Stock-based compensation cost related to restricted stock grants
  – capitalized

$

7,469 

 

$

5,994 

 

$

5,162