XML 50 R41.htm IDEA: XBRL DOCUMENT

Common Stock, Preferred Stock and Equity Plans (Tables)

12 Months Ended

Dec. 31, 2019

The following table contains information about the Company’s equity plans:



			As of December 31, 2019
Title of Plan	Group Eligible	Type of Award Granted	Awards Outstanding	Additional Awards Authorized for Grant
2013 Stock and Option Plan	Employees, Non-employee Directors and Consultants	NSO, RS, RSU and PSU	9,577,268	15,778,703
2006 Stock and Option Plan	Employees, Non-employee Directors and Consultants	NSO, RS and RSU	651,842	—
		Total	10,229,110	15,778,703

The following table summarizes information related to the outstanding and exercisable options during the year ended December 31, 2019:



	Stock Options		Weighted-average Exercise Price		Weighted-average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)		(per share)		(in years)	(in thousands)
Outstanding at December 31, 2018	8,551		$	111.46
Granted	1,521		$	184.50
Exercised	(3,327	)	$	95.57
Forfeited	(467	)	$	146.59
Expired	(6	)	$	182.96
Outstanding at December 31, 2019	6,272		$	134.92	7.12	$	522,740
Exercisable at December 31, 2019	3,333		$	114.15	6.06	$	346,943

The following table summarizes information about stock options outstanding and exercisable at December 31, 2019:



	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding	Weighted-average Remaining Contractual Life	Weighted-average Exercise Price		Number Exercisable	Weighted-average Exercise Price
	(in thousands)	(in years)	(per share)		(in thousands)	(per share)
$29.07–$40.00	108	1.58	$	37.62	108	$	37.62
$40.01–$60.00	277	2.55	$	49.69	277	$	49.69
$60.01–$80.00	140	4.31	$	74.55	136	$	74.53
$80.01–$100.00	1,670	6.25	$	89.42	1144	$	90.10
$100.01–$120.00	243	5.11	$	109.23	241	$	109.17
$120.01–$140.00	454	5.67	$	129.77	447	$	129.85
$140.01–$160.00	1,036	8.10	$	155.50	383	$	155.39
$160.01–$180.00	720	8.46	$	168.04	233	$	164.48
$180.01–$189.38	1,624	8.90	$	185.41	364	$	184.85
Total	6,272	7.12	$	134.92	3,333	$	114.15

The following table summarizes the restricted stock unit and restricted stock activity of the Company during the year ended December 31, 2019:



	Restricted Stock Units (excluding PSUs)				Restricted Stock
	Number of Shares		Weighted-average Grant-date Fair Value		Number of Units		Weighted-average Grant-date Fair Value
	(in thousands)		(per share)		(in thousands)		(per share)
Unvested at December 31, 2018	2,717		$	140.10	480		$	104.91
Granted	1,717		$	181.87	—		$	—
Vested	(974	)	$	133.15	(375	)	$	108.23
Cancelled	(329	)	$	149.83	(13	)	$	100.79
Unvested at December 31, 2019	3,131		$	163.61	92		$	91.97

The following table summarizes the PSU activity of the Company during the year ended December 31, 2019:



	Performance-Based RSU
	Number of Units		Weighted-average Grant-date Fair Value
	(in thousands)		(per share)
Unvested at December 31, 2018 (1)	759		$	110.50
Granted (2)	449		$	183.48
Vested	(403	)	$	109.23
Cancelled	(71	)	$	104.61
Unvested at December 31, 2019	734		$	143.21

(1) “Unvested” represents the Company’s PSUs at target to the extent performance has not been certified plus the actual number of shares that continue to be subject to service conditions for which the performance has been achieved and certified.
(2) “Granted” represents (i) the target number of shares issuable for grants during 2019 and (ii) any change in the number of shares issuable pursuant to outstanding PSUs based on performance certification during 2019.

In 2019, the following shares were issued to employees under the ESPP:



	Year Ended December 31, 2019
	(in thousands, except per share amount)
Number of shares	202,693
Average price paid per share	$	138.18