XML 75 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
SHARE-BASED EMPLOYEE COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Weighted-Average Assumptions Used to Value Option Awards

The weighted-average assumptions used in the Black-Scholes model to value the option awards in fiscal 2015 are as follows:

 

     Fiscal 2015

Dividend Yield

   2.0%

Expected Volatility

   44.8%

Risk Free Interest Rate

   1.8%

Expected Life

   6.0 years

Stock Option Activity

The following table represents stock option activity for the quarter ended June 30, 2014:

 

     Number
of
Shares
    Weighted-
Average
Exercise Price
 

Outstanding Options at Beginning of Period

     2,788,999      $ 41.83   

Granted

     198,636      $ 87.53   

Exercised

     (26,671   $ 38.37   

Cancelled

     (1,269,500   $ 47.53   
  

 

 

   

Outstanding Options at End of Period

     1,691,464      $ 43.05   
  

 

 

   

Options Exercisable at End of Period

     1,058,583     
  

 

 

   

Weighted-Average Fair Value of Options Granted during the Period

   $ 32.14     
Stock Options Outstanding

The following table summarizes information about stock options outstanding at June 30, 2014:

 

     Outstanding Options      Exercisable Options  

Range of Exercise Prices

   Number of
Shares
Outstanding
     Weighted -
Average
Remaining
Contractual
Life
     Weighted -
Average
Exercise
Price
     Number of
Shares
Outstanding
     Weighted -
Average
Exercise
Price
 

$23.17 - $ 30.74

     679,191         4.77       $ 26.50         670,191       $ 26.47   

$33.08 - $ 40.78

     519,799         7.34       $ 34.15         337,183       $ 34.27   

$53.22 - $ 74.10

     288,838         8.59       $ 66.59         51,209       $ 65.34   

$87.34 - $ 93.56

     203,636         9.92       $ 87.52         —           —     
  

 

 

          

 

 

    
     1,691,464         6.83       $ 43.05         1,058,583       $ 30.84