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Share Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of Expense Related to Share-Based Payments | The table below summarizes the expense recognized related to share-based payments recognized for the three and six month periods ended June 30 (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Stock options |  | $ | 8,394 |  |  | $ | 4,484 |  |  | $ | 17,638 |  |  | $ | 8,842 |
Restricted stock |  | 9,041 |  |  | 9,065 |  |  | 14,982 |  |  | 21,658 |
Stock-based compensation |  | $ | 17,435 |  |  | $ | 13,549 |  |  | $ | 32,620 |  |  | $ | 30,500 |
Summary of Total Unrecognized Compensation Cost Related to Stock-Based Compensation | The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation as of June 30, 2016 (cost in thousands):
|  | Unrecognized Compensation Cost |  | Weighted Average Period of Expense Recognition (in Years)
Stock options |  | $ | 55,128 |  |  | 1.46
Restricted stock |  | 16,493 |  |  | 0.83
Total |  | $ | 71,621 |  |  |
Summary of Changes in Number of Shares of Common Stock Under Option | The following summarizes the changes in the number of shares of common stock under option for the six month period ended June 30, 2016 (shares and aggregate intrinsic value in thousands):
|  | Shares |  | Weighted Average Exercise Price |  | Options Exercisable at End of Period |  | Weighted Average Exercise Price of Exercisable Options |  | Weighted Average Fair Value of Options Granted During the Period |  | Aggregate Intrinsic Value
Outstanding at December 31, 2015 |  | 5,003 |  |  | $ | 72.72 |  |  | 2,545 |  |  | $ | 26.82 |  |  |  |  | $ | 351,277 |
Granted |  | 1,281 |  |  | 119.89 |  |  |  |  |  |  | $ | 25.50 |  |  |
Exercised |  | (154 | ) |  | 51.68 |  |  |  |  |  |  |  |  | 14,095 |
Forfeited |  | (94 | ) |  | 143.17 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2016 |  | 6,036 |  |  | $ | 82.15 |  |  | 3,144 |  |  | $ | 45.24 |  |  |  |  | $ | 368,093 |
Expected to vest as of June 30, 2016 |  | 6,036 |  |  | $ | 82.15 |  |  |  |  |  |  |  |  |
Schedule of Weighted-Average Assumptions | The fair value of stock option awards granted was estimated using the Black-Scholes option pricing model during the six months ended June 30, 2016 and 2015, with the following weighted-average assumptions for grants or modifications during the period:
|  | June 30
|  | 2016 |  | 2015
Risk-free interest rate |  | 1.10 | % |  | 1.28 | %
Dividend yield |  | — |  |  | — |
Expected volatility |  | 27.37 | % |  | 28.47 | %
Expected life (in years) |  | 3.4 |  |  | 4.0 |
Summary of Changes in Number of Shares of Restricted Stock and Restricted Stock Units | The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the six months ended June 30, 2016 (shares in thousands):
|  | Shares |  | Weighted Average Grant Date Fair Value
Outstanding at December 31, 2015 |  | 497 |  |  | $ | 149.40 |
Granted |  | 111 |  |  | 120.41 |
Vested |  | (227 | ) |  | 151.68 |
Cancelled |  | (38 | ) |  | 147.02 |
Outstanding at June 30, 2016 |  | 343 |  |  | $ | 138.96 |

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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of the total compensation cost related to nonvested awards not yet recognized and the weighted-average period over which it is expected to be recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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