XML 54 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of nonvested restricted stock and deferred shares activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Grant Date

 

 

    

Shares

    

Fair Value

    

Shares

    

Fair Value

    

Shares

    

Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

210

 

$

53.79

 

244

 

$

52.61

 

214

 

$

53.74

 

Granted

 

139

 

 

60.88

 

140

 

 

56.33

 

180

 

 

50.87

 

Cancelled/Forfeitures

 

(9)

 

 

55.55

 

(42)

 

 

54.43

 

(28)

 

 

53.99

 

Vested

 

(123)

 

 

55.35

 

(132)

 

 

53.10

 

(122)

 

 

51.72

 

Unvested at end of year

 

217

 

$

57.31

 

210

 

$

53.79

 

244

 

$

52.61

 

 

Schedule of stock-based compensation fair value assumptions

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2017

    

2016

    

2015

 

Expected life (years)

 

3.0

 

3.0

 

3.0

 

Expected stock price volatility

 

25.0

%  

24.8

%  

23.4

%

Expected dividend yield

 

1.2

%  

1.3

%  

1.2

%

Risk-free interest rate

 

1.5

%  

0.9

%  

1.1

%

 

Schedule of stock option activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

Weighted

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Exercise

 

Intrinsic

 

 

 

Exercise

 

 

 

Exercise

 

 

    

Options

    

Price

    

Value

    

Options

    

Price

    

Options

    

Price

 

 

 

(Options in thousands)

 

Outstanding at beginning of year

 

130

 

$

54.46

 

 

    

 

362

 

$

48.46

 

495

 

$

47.34

 

Granted

 

 —

 

 

 —

 

 

 

 

 —

 

 

 —

 

 —

 

 

 —

 

Cancelled/Forfeitures

 

(3)

 

 

55.81

 

 

 

 

(43)

 

 

52.93

 

(69)

 

 

51.66

 

Exercised

 

(32)

 

 

53.19

 

 

 

 

(189)

 

 

43.31

 

(64)

 

 

36.29

 

Outstanding at end of year

 

95

 

$

54.91

 

$

21.04

 

130

 

$

54.46

 

362

 

$

48.46

 

Exercisable at end of year

 

93

 

$

54.85

 

$

21.10

 

82

 

$

53.38

 

192

 

$

45.10

 

 

Schedule of information about options outstanding

The following table summarizes information about options outstanding at December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

Weighted Average

 

Weighted Average

 

 

 

Weighted Average

 

 

 

Number

 

Remaining Contractual

 

Exercise

 

Number

 

Exercise

 

Range of Exercise Prices

    

Outstanding

    

Life (years)

    

Price

    

Exercisable

    

Price

 

 

 

(Options in thousands)

 

$29.05-$37.41

 

7,150

 

4.45

 

$

36.24

 

7,150

 

$

36.24

 

$54.76–$54.76

 

39,781

 

5.59

 

 

54.76

 

39,781

 

 

54.76

 

$57.47–$60.10

 

47,613

 

6.35

 

 

57.84

 

46,411

 

 

57.78

 

 

 

94,544

 

5.88

 

$

54.91

 

93,342

 

$

54.85

 

 

Schedule of the Company's RSU activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

Weighted

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Purchase

 

Intrinsic

 

 

 

Purchase

 

 

 

Purchase

 

 

    

RSUs

    

Price

    

Value

    

RSUs

    

Price

    

RSUs

    

Price

 

 

 

(RSU’s in thousands)

 

Outstanding at beginning of year

 

148

 

$

36.37

 

 

 

 

101

 

$

36.14

 

80

 

$

32.08

 

Granted

 

47

 

 

49.92

 

 

 

 

89

 

 

35.41

 

60

 

 

37.13

 

Cancelled/Forfeitures

 

(3)

 

 

41.55

 

 

 

 

(28)

 

 

32.25

 

(9)

 

 

36.92

 

Settled

 

(18)

 

 

39.09

 

 

 

 

(14)

 

 

36.91

 

(30)

 

 

27.10

 

Outstanding at end of year

 

174

 

$

39.68

 

36.27

 

$

148

 

$

36.37

 

101

 

$

36.14

 

Vested at end of year

 

57

 

$

36.26

 

39.69

 

$

28

 

$

37.78

 

25

 

$

33.35

 

 

Restricted stock and deferred shares  
Schedule of information about RSUs outstanding

The following table summarizes information about RSUs outstanding at December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs Outstanding

 

RSUs Vested

 

 

 

 

 

Weighted Average

 

 

 

Weighted Average

 

 

 

Number

 

Purchase

 

Number

 

Purchase

 

Range of Purchase Prices

    

Outstanding

    

Price

    

Vested

    

Price

 

 

 

(RSUs in thousands)

 

$31.63-$35.41

 

85

 

$

35.37

 

28

 

$

35.30

 

$37.13–$49.92

 

89

 

 

43.75

 

29

 

 

37.21

 

 

 

174

 

$

39.68

 

57

 

$

36.26

 

 

Performance stock units  
Schedule of unvested performance shares activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Grant Date

 

 

    

Shares

    

Fair Value

    

Shares

    

Fair Value

 

Shares

    

Fair Value

 

 

 

(Shares in thousands)

 

Unvested at beginning of year

 

267

    

$

56.96

 

201

 

$

57.98

 

107

 

$

56.97

 

Granted

 

98

 

 

60.45

 

107

 

 

55.27

 

106

 

 

58.94

 

Cancelled/Forfeitures

 

(38)

 

 

57.12

 

(41)

 

 

57.56

 

(12)

 

 

57.51

 

Vested

 

(54)

 

 

56.81

 

 —

 

 

 —

 

 —

 

 

 —

 

Unvested at end of year

 

273

 

$

58.23

 

267

 

$

56.96

 

201

 

$

57.98