Stock Options Granted |
The following tables summarize the details of options granted under our stock option plans that were outstanding as of March 31, 2022, and the assumptions used to value these grants. All such grants were effective at the close of business on the date of grant. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options Granted | | Option Exercise (Strike) Price | | Closing Stock Price on Date of Grant | | March 31, 2022 | Date of Grant | | | | Options Outstanding | | Options Exercisable | January 3, 2022 | 713,438 | | | $ | 62.00 | | | $ | 61.980 | | | 701,829 | | | 53,355 | | January 4, 2021 | 741,510 | | | $ | 48.00 | | | $ | 47.650 | | | 691,096 | | | 26,643 | | January 2, 2020 | 902,263 | | | $ | 38.00 | | | $ | 37.230 | | | 796,263 | | | 272,843 | | January 2, 2019 | 1,316,924 | | | $ | 26.00 | | | $ | 25.705 | | | 958,946 | | | 421,462 | | January 2, 2018 | 1,087,936 | | | $ | 27.50 | | | $ | 27.270 | | | 712,852 | | | 435,272 | | January 3, 2017 | 1,529,578 | | | $ | 23.50 | | | $ | 23.475 | | | 706,446 | | | 542,046 | | April 19, 2016 | 1,690,880 | | | $ | 23.00 | | | $ | 22.870 | | | 520,571 | | | 330,717 | | April 21, 2015 | 1,786,440 | | | $ | 21.00 | | | $ | 20.630 | | | 394,072 | | | 232,732 | | April 22, 2014 | 1,910,000 | | | $ | 28.00 | | | $ | 25.265 | | | 182,839 | | | 107,855 | | April 16, 2013 | 410,000 | | | $ | 27.00 | | | $ | 24.625 | | | 5,672 | | | 5,672 | | Total | 12,088,969 | | | | | | | 5,670,586 | | | 2,428,597 | |
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Fair Value Assumptions for Options Granted |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Date of Grant | Risk-free Interest Rate | | Expected Life of Option in Years | | Expected Dividend Yield | | Expected Stock Volatility | | Estimated Fair Value of Stock Option | January 3, 2022 | 1.3 | % | | 5.00 | | 1.7 | % | | 28.52 | % | | $ | 13.68 | | January 4, 2021 | 0.4 | % | | 5.00 | | 2.0 | % | | 29.17 | % | | $ | 9.57 | | January 2, 2020 | 1.7 | % | | 5.00 | | 2.4 | % | | 25.70 | % | | $ | 6.81 | | January 2, 2019 | 2.5 | % | | 5.00 | | 2.9 | % | | 23.96 | % | | $ | 4.40 | | January 2, 2018 | 2.2 | % | | 5.00 | | 2.3 | % | | 23.45 | % | | $ | 5.02 | | January 3, 2017 | 1.9 | % | | 5.00 | | 2.6 | % | | 24.49 | % | | $ | 4.20 | | April 19, 2016 | 1.3 | % | | 5.00 | | 2.6 | % | | 26.34 | % | | $ | 4.09 | | April 21, 2015 | 1.3 | % | | 5.00 | | 2.7 | % | | 26.84 | % | | $ | 3.68 | | April 22, 2014 | 1.8 | % | | 5.00 | | 2.0 | % | | 28.55 | % | | $ | 4.79 | | April 16, 2013 | 0.7 | % | | 5.00 | | 1.6 | % | | 37.42 | % | | $ | 6.33 | |
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Reconciliation of Denominators used in Computation of Basic and Diluted Earnings Per Share |
The following tables present a reconciliation of the denominators used in the computation of basic and diluted earnings per share and a summary of the options to purchase shares of common stock which were excluded from the diluted earnings per share calculation because they were anti-dilutive: | | | | | | | | | | | | | | | | | | | Three-month Period | Reconciliation | | | | | 2022 | | 2021 | Basic weighted average shares outstanding | | | | | 575,559,161 | | | 574,336,112 | | Weighted shares assumed upon exercise of stock options | | | | | 2,059,645 | | | 2,210,857 | | Diluted weighted average shares outstanding | | | | | 577,618,806 | | | 576,546,969 | |
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