XML 56 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of nonvested restricted stock and deferred shares activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2018

 

2017

 

2016

 

 

 

 

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

 

217

 

$

57.31

 

210

 

$

53.79

 

244

 

$

52.61

Granted

 

153

 

 

80.52

 

139

 

 

60.88

 

140

 

 

56.33

Cancelled/Forfeitures

 

(126)

 

 

59.52

 

(9)

 

 

55.55

 

(42)

 

 

54.43

Vested

 

(28)

 

 

66.24

 

(123)

 

 

55.35

 

(132)

 

 

53.10

Unvested at end of year

 

216

 

$

71.28

 

217

 

$

57.31

 

210

 

$

53.79

 

Schedule of stock-based compensation fair value assumptions

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2018

    

2017

    

2016

 

Expected life (years)

 

3.0

 

3.0

 

3.0

 

Expected stock price volatility

 

24.1

%  

25.0

%  

24.8

%

Expected dividend yield

 

1.0

%  

1.2

%  

1.3

%

Risk-free interest rate

 

2.4

%  

1.5

%  

0.9

%

 

Schedule of stock option activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2018

 

2017

 

2016

 

 

 

 

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

 

95

 

$

54.91

 

 

    

 

130

 

$

54.46

 

362

 

$

48.46

Granted

 

 —

 

 

 —

 

 

 

 

 —

 

 

 —

 

 —

 

 

 —

Cancelled/Forfeitures

 

 —

 

 

 —

 

 

 

 

(3)

 

 

55.81

 

(43)

 

 

52.93

Exercised

 

(46)

 

 

54.55

 

 

 

 

(32)

 

 

53.19

 

(189)

 

 

43.31

Outstanding at end of year

 

49

 

$

55.25

 

$

9.28

 

95

 

$

54.91

 

130

 

$

54.46

Exercisable at end of year

 

49

 

$

55.25

 

$

9.28

 

93

 

$

54.85

 

82

 

$

53.38

 

Schedule of information about options outstanding

The following table summarizes information about options outstanding at December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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-$54.76

 

17,933

 

3.47

 

$

50.64

 

17,933

 

$

50.64

$57.47–$57.47

 

22,372

 

4.81

 

 

57.47

 

22,372

 

 

57.47

$57.95–$60.10

 

8,446

 

5.01

 

 

59.17

 

8,446

 

 

59.17

 

 

48,751

 

4.35

 

$

55.25

 

48,751

 

$

55.25

 

Schedule of the Company's RSU activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2018

 

2017

 

2016

 

 

 

 

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

 

174

 

$

39.68

 

 

 

 

148

 

$

36.37

 

101

 

$

36.14

Granted

 

36

 

 

61.84

 

 

 

 

47

 

 

49.92

 

89

 

 

35.41

Cancelled/Forfeitures

 

(10)

 

 

48.82

 

 

 

 

(3)

 

 

41.55

 

(28)

 

 

32.25

Settled

 

(46)

 

 

37.34

 

 

 

 

(18)

 

 

39.09

 

(14)

 

 

36.91

Outstanding at end of year

 

154

 

$

45.02

 

19.51

 

$

174

 

$

39.68

 

148

 

$

36.37

Vested at end of year

 

66

 

$

38.17

 

26.36

 

$

57

 

$

36.26

 

28

 

$

37.78

 

Restricted stock and deferred shares  
Schedule of information about RSUs outstanding

The following table summarizes information about RSUs outstanding at December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs Outstanding

 

RSUs Vested

 

 

 

 

Weighted Average

 

 

 

Weighted Average

 

 

Number

 

Purchase

 

Number

 

Purchase

Range of Purchase Prices

    

Outstanding

    

Price

    

Vested

    

Price

 

 

(RSUs in thousands)

$35.41-$40.27

 

80

 

$

35.47

 

54

 

$

35.50

$49.92-$61.84

 

74

 

 

55.37

 

12

 

 

49.92

 

 

154

 

$

45.02

 

66

 

$

38.17

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2018

 

2017

 

2016

 

 

 

 

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

 

273

    

$

58.23

 

267

 

$

56.96

 

201

 

$

57.98

Granted

 

96

 

 

81.51

 

98

 

 

60.45

 

107

 

 

55.27

Cancelled/Forfeitures

 

(80)

 

 

58.96

 

(38)

 

 

57.12

 

(41)

 

 

57.56

Vested

 

(40)

 

 

63.43

 

(54)

 

 

56.81

 

 —

 

 

 —

Unvested at end of year

 

249

 

$

66.15

 

273

 

$

58.23

 

267

 

$

56.96