XML 106 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
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, 2015, 2014 and 2013.

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

Restricted

 

 

 

 

 

 

Restricted

 

 

 

 

 

 

Restricted

 

Income Statement Classification

 

Options (1)

 

 

Shares (2)

 

 

Options (1)

 

 

Shares (2)

 

 

Options (1)

 

 

Shares (2)

 

Direct cost of revenues

 

$

3,736

 

 

$

6,532

 

 

$

5,404

 

 

$

8,951

 

 

$

6,807

 

 

$

9,181

 

Selling, general and administrative expense

 

 

1,482

 

 

 

7,469

 

 

 

1,783

 

 

 

8,508

 

 

 

1,849

 

 

 

10,053

 

Special charges (3)

 

 

 

 

 

 

 

 

(126

)

 

 

(990

)

 

 

1,482

 

 

 

5,938

 

Share-based compensation expense before income

   taxes

 

 

5,218

 

 

 

14,001

 

 

 

7,061

 

 

 

16,469

 

 

 

10,138

 

 

 

25,172

 

Income tax benefit

 

 

1,353

 

 

 

5,138

 

 

 

2,698

 

 

 

6,490

 

 

 

4,101

 

 

 

9,094

 

Share-based compensation, net of income taxes

 

$

3,865

 

 

$

8,863

 

 

$

4,363

 

 

$

9,979

 

 

$

6,037

 

 

$

16,078

 

 

(1)

Includes options and cash-settled stock appreciation rights.

(2)

Includes restricted share awards, performance and market condition restricted stock units, and cash-settled restricted stock units.

(3)

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. Special Charges” 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,

 

Assumptions

 

2015

 

 

2014

 

 

2013

 

Risk-free interest rate

 

1.07% -1.70%

 

 

0.99% - 1.94%

 

 

0.77% - 1.71%

 

Dividend yield

 

 

0%

 

 

 

0%

 

 

 

0%

 

Expected term

 

3 - 5 years

 

 

3 - 6 years

 

 

5 - 6 years

 

Stock price volatility

 

31.03% to 40.36%

 

 

31.05% - 37.60%

 

 

37.30% - 38.27%

 

 

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 2015 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, 2015. The aggregate intrinsic value changes based on fluctuations in the fair market value per share of our common stock.

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Contractual

 

 

Aggregate

 

 

 

 

 

 

 

Exercise

 

 

Term

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

(In Years)

 

 

Value

 

Options outstanding at December 31, 2014

 

 

4,340

 

 

$

38.03

 

 

 

 

 

 

 

 

 

Options granted

 

 

185

 

 

$

36.82

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(763

)

 

$

29.92

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(270

)

 

$

48.90

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2015

 

 

3,492

 

 

$

38.89

 

 

 

5.3

 

 

$

4,745

 

Options exercisable at December 31, 2015

 

 

2,110

 

 

$

41.37

 

 

 

4.0

 

 

$

2,879

 

 

Schedule Of Stock Options Outstanding And Exercisable Price Range Status

The following is a summary of the status of stock options outstanding and exercisable at December 31, 2015:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Remaining

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

Contractual

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Exercise

 

 

Term

 

 

 

 

 

 

Exercise

 

Exercise Price Range

 

Shares

 

 

Price

 

 

(In Years)

 

 

Shares

 

 

Price

 

$25.73-$31.13

 

 

729

 

 

$

28.81

 

 

 

4.6

 

 

 

393

 

 

$

27.76

 

$31.54-$36.29

 

 

717

 

 

$

34.46

 

 

 

6.2

 

 

 

336

 

 

$

34.80

 

$36.43-$37.95

 

 

716

 

 

$

37.06

 

 

 

7.2

 

 

 

262

 

 

$

37.40

 

$38.03-$43.13

 

 

710

 

 

$

40.57

 

 

 

5.3

 

 

 

501

 

 

$

40.34

 

$43.27-$70.55

 

 

620

 

 

$

56.07

 

 

 

2.8

 

 

 

618

 

 

$

56.11

 

 

 

 

3,492

 

 

 

 

 

 

 

 

 

 

 

2,110

 

 

 

 

 

 

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

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average Grant-

 

 

 

 

 

 

 

Date Fair

 

 

 

Shares

 

 

Value

 

Unvested restricted share awards outstanding at December 31, 2014

 

 

1,032

 

 

$

35.96

 

Restricted share awards granted

 

 

308

 

 

$

38.91

 

Restricted share awards vested

 

 

(384

)

 

$

35.77

 

Restricted share awards forfeited

 

 

(173

)

 

$

39.08

 

Unvested restricted share awards outstanding at December 31, 2015

 

 

783

 

 

$

36.55

 

 

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

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

Average Grant-

 

 

 

 

 

 

 

 

 

 

 

Date Fair

 

 

Intrinsic

 

 

 

Shares

 

 

Value

 

 

Value

 

Restricted stock units outstanding at December 31, 2014

 

 

776

 

 

$

37.00

 

 

 

 

 

Restricted stock units granted

 

 

193

 

 

$

39.17

 

 

 

 

 

Restricted stock units released

 

 

(87

)

 

$

33.37

 

 

 

 

 

Restricted stock units forfeited

 

 

(113

)

 

$

37.55

 

 

 

 

 

Restricted stock units outstanding at December 31, 2015

 

 

769

 

 

$

37.87

 

 

$

26,547

 

 

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, restricted share awards and restricted stock units awarded during the years ended December 31, 2015, 2014 and 2013.

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Weighted average fair value of grants

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

$

10.85

 

 

$

10.77

 

 

$

13.15

 

Restricted share awards and restricted stock units

 

$

39.01

 

 

$

32.87

 

 

$

36.31