Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Share-Based Compensation Expense

The table below reflects the total share-based compensation expense recognized in our Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2014, 2013 and 2012:


	2014						2013				2012
Income Statement Classification	Options⁽¹⁾			Restricted Shares⁽²⁾⁽³⁾			Options⁽¹⁾		Restricted Shares⁽²⁾⁽³⁾		Options⁽¹⁾		Restricted Shares⁽²⁾⁽³⁾
Direct cost of revenues	$	5,404		$	8,951		$	6,807	$	9,181	$	6,012	$	10,000
Selling, general and administrative expense		1,783			8,508			1,849		10,053		1,836		10,347
Special charges ⁽⁴⁾		(126	)		(990	)		1,482		5,938		584		230

Share-based compensation expense before income taxes		7,061			16,469			10,138		25,172		8,432		20,577
Income tax benefit		2,698			6,490			4,101		9,094		3,104		6,870

Share-based compensation, net of income taxes	$	4,363		$	9,979		$	6,037	$	16,078	$	5,328	$	13,707

⁽¹⁾	Includes options and cash-settled stock appreciation rights.

⁽²⁾	Includes restricted share awards and performance and market condition restricted share units.

⁽³⁾	Includes cash-settled restricted stock units.

⁽⁴⁾

Special charges of $0.2 million equity award expense acceleration and $0.1 million option expense acceleration are net of forfeitures of $1.2 million and $0.2 million, respectively, for the year ended December 31, 2014. (See Note 4 to the Consolidated Financial Statements for information related to the special charges).

Schedule Of Stock Option And Grants Using Valuation Assumptions

We use the Black-Scholes option-pricing model to value our option grants using the assumptions in the following table:


	Year Ended December 31,
	2014	2013	2012
Assumptions
Risk-free interest rate	0.99% – 1.94%	0.77% – 1.71%	0.54% – 1.11%
Dividend yield	0%	0%	0%
Expected term	3 – 6 years	5 – 6 years	4 – 6 years
Stock price volatility	31.05% – 37.60%	37.30% – 38.27%	37.94% – 40.04%

Schedule Of Stock Option Activity

The aggregate intrinsic value in the table below represents the total pre-tax intrinsic value (the difference between the closing price of our common stock on the last trading day of 2014 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2014. The aggregate intrinsic value changes based on fluctuations in the fair market value per share of our common stock.


	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (In Years)		Aggregate Intrinsic Value
Options outstanding, December 31, 2013		4,357		$	37.68
Options granted		611		$	32.94
Options exercised		(470	)	$	27.95
Options forfeited		(158	)	$	38.61

Options outstanding, December 31, 2014		4,340		$	38.03		5.4	$	17,979

Options exercisable, December 31, 2014		2,496		$	39.95		3.7	$	10,915

Schedule Of Weighted-Average Grant Date Fair Value Per Share Of Stock Options, Restricted Shares And Stock Units Awarded

The table below reflects the weighted-average grant date fair value per share of stock options and restricted shares and stock units awarded during the years ended December 31, 2014, 2013 and 2012:


	Year Ended December 31,
	2014		2013		2012
Weighted average fair value of grants
Stock options	$	10.77	$	13.15	$	12.99
Restricted shares	$	32.87	$	36.31	$	36.55

Schedule Of Stock Options Outstanding And Exercisable Price Range Status

Following is a summary of the status of stock options outstanding and exercisable at December 31, 2014:


	Options Outstanding						Options Exercisable
Exercise Price Range	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (In Years)		Shares		Weighted- Average Exercise Price
$19.00 – $29.19		901	$	27.06		2.3		811	$	26.92
$29.75 – $34.62		908	$	32.28		8.2		147	$	33.22
$35.18 – $37.83		919	$	36.73		6.6		329	$	36.81
$37.95 – $43.27		913	$	40.61		5.9		533	$	40.53
$44.47 – $70.55		699	$	57.99		3.2		676	$	58.13

		4,340						2,496

Schedule Of Unvested Restricted Stock-Based Activity

The fair value of unvested restricted share awards is determined based on the closing market price per share of our common stock on the grant date.


	Shares			Weighted- Average Grant- Date Fair Value
Unvested restricted share awards outstanding, December 31, 2013		1,244		$	37.14
Restricted share awards granted		422		$	33.31
Restricted share awards vested		(598	)	$	36.61
Restricted share awards forfeited		(36	)	$	34.84

Unvested restricted share awards outstanding, December 31, 2014		1,032		$	35.96

Schedule Of Restricted Stock Unit Activity

The fair value of Restricted Stock Units is determined based on the closing market price per share of our common stock on the grant date.


	Shares			Weighted- Average Grant- Date Fair Value		Intrinsic Value
Restricted Stock Units outstanding, December 31, 2013		980		$	37.54
Restricted Stock Units granted		86		$	30.71
Restricted Stock Units released		(47	)	$	37.78
Restricted Stock Units forfeited		(243	)	$	36.75

Restricted Stock Units outstanding, December 31, 2014		776		$	37.00	$	29,965