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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary Information for Stock Options

The following table includes summary information for stock options as of December 31, 2015:

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-Average Remaining Contractual Life (years)

 

Outstanding at January 1, 2015

 

 

1,054,435

 

 

$

96.53

 

 

 

 

 

Granted

 

 

55,244

 

 

$

154.58

 

 

 

 

 

Exercised

 

 

(367,497

)

 

$

101.31

 

 

 

 

 

Terminated

 

 

(56,170

)

 

$

135.85

 

 

 

 

 

Outstanding at December 31, 2015

 

 

686,012

 

 

$

95.43

 

 

 

3.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2015

 

 

544,755

 

 

$

87.75

 

 

 

                           2.7

 

 

Summary of Information for Incentive Compensation Awards and Restricted Stock Awards

The following table summarizes information for incentive compensation awards and restricted stock awards as of December 31, 2015:

 

 

Incentive

Compensation

 

 

Restricted Stock -

Service Based

 

 

Restricted Stock -

Performance Based

 

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

January 1, 2015

 

 

27,608

 

 

$

101.61

 

 

 

319,230

 

 

$

105.62

 

 

 

16,388

 

 

$

129.14

 

Awarded

 

 

22,035

 

 

$

108.53

 

 

 

48,368

 

 

$

154.26

 

 

 

20,219

 

 

$

108.53

 

Distributed

 

 

(11,751

)

 

$

99.14

 

 

 

(75,411

)

 

$

77.27

 

 

 

 

 

$

 

Forfeited

 

 

(552

)

 

$

102.99

 

 

 

(3,624

)

 

$

127.06

 

 

 

 

 

$

 

December 31, 2015

 

 

37,340

 

 

$

106.45

 

 

 

288,563

 

 

$

120.92

 

 

 

36,607

 

 

$

117.76

 

 

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense for the years ended December 31, 2015, 2014 and 2013, unrecognized compensation cost for nonvested awards at December 31, 2015 and the weighted-average period over which unrecognized compensation cost is expected to be recognized:

 

(add 000,

except year data)

 

Stock

Options

 

 

Restricted

Stock

 

 

Incentive Compensation

 

 

Directors’ Awards

 

 

Total

 

Stock-based compensation expense recognized for years

   ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

2,679

 

 

$

9,809

 

 

$

376

 

 

$

725

 

 

$

13,589

 

2014

 

$

2,020

 

 

$

6,189

 

 

$

257

 

 

$

527

 

 

 

8,993

 

2013

 

$

1,734

 

 

$

4,377

 

 

$

229

 

 

$

668

 

 

 

7,008

 

Unrecognized compensation cost at December 31, 2015:

 

$

2,718

 

 

$

18,985

 

 

$

334

 

 

$

 

 

$

22,037

 

Weighted-average period over which unrecognized

   compensation cost will be recognized:

 

2.0 years

 

 

2.8 years

 

 

1.5 years

 

 

 

 

 

 

 

 

 

Schedule of Unrecognized Compensation Cost, Nonvested Awards

The following presents expected stock-based compensation expense in future periods for outstanding awards as of December 31, 2015:

(add 000)

 

 

 

 

2016

 

$

9,818

 

2017

 

 

6,578

 

2018

 

 

3,817

 

2019

 

 

1,824

 

2020

 

 

 

Total

 

$

22,037