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Equity-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2014
RSAs and PSAs Granted and Vesting Schedule of Awards | The following table shows the number of RSAs and PSAs granted in 2014 and the generally vesting schedule of the awards that were granted under the 2011 Plan.
Vesting period |  | RSA’s |  |  | PSA’s |  |  | Total |
At grant |  |  | 15,026 |  |  |  | 0 |  |  |  | 15,026 |
After three years of service |  |  | 408,618 |  |  |  | 233,111 |  |  |  | 641,729 |
Total |  |  | 423,644 |  |  |  | 233,111 |  |  |  | 656,755 |
Weighted-Average Assumptions Used for Grants of Stock Options and SARs | The following table shows the weighted-average assumptions used for grants of SARs as well as the fair value of the grants based on those assumptions:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Expected dividend yield |  |  | 0% |  |  |  | 0% |  |  |  | 0% |
Forfeiture rate |  |  | 10.32% |  |  |  | 10.31% |  |  |  | 10.21% |
Volatility |  |  | 34.92% |  |  |  | 32.00% |  |  |  | 35.90% |
Risk free interest rate |  |  | 1.73% |  |  |  | .82% |  |  |  | .94% |
- Range of interest rates |  |  | 0.02% - 2.61% |  |  |  | 0.02% - 1.78% |  |  |  | 0.07% - 1.95% |
Expected weighted-average life |  |  | 5.36 years |  |  |  | 5.42 years |  |  |  | 5.48 years |
Fair value of SARs granted |  |  | $4,884,000 |  |  |  | $4,528,000 |  |  |  | $5,533,000 |
Weighted-average grant date fair value of SARs granted (per underlying share) |  |  | $24.98 |  |  |  | $13.86 |  |  |  | $12.84
Summary of Stock Option Activity | Stock option activity for the years ended December 31, 2014, 2013, and 2012, was as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Options |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Shares |  |  | Weighted- Average Exercise Price |
Outstanding at beginning of year |  |  | 956,502 |  |  | $ | 42.77 |  |  |  | 1,532,569 |  |  | $ | 41.69 |  |  |  | 1,703,375 |  |  | $ | 40.42 |
Granted |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Exercised |  |  | (540,542 | ) |  |  | 44.76 |  |  |  | (543,922 | ) |  |  | 39.54 |  |  |  | (148,802 | ) |  |  | 27.02 |
Forfeited |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (1,663 | ) |  |  | 36.36 |
Expired |  |  | 0 |  |  |  | 0 |  |  |  | (32,145 | ) |  |  | 45.81 |  |  |  | (20,341 | ) |  |  | 43.63 |
Outstanding at end of year |  |  | 415,960 |  |  | $ | 40.19 |  |  |  | 956,502 |  |  | $ | 42.77 |  |  |  | 1,532,569 |  |  | $ | 41.69 |
Exercisable at end of year |  |  | 415,960 |  |  | $ | 40.19 |  |  |  | 956,502 |  |  | $ | 42.77 |  |  |  | 1,528,539 |  |  | $ | 41.75 |
Intrinsic value of exercised options |  | $ | 15,200,000 |  |  |  |  |  |  | $ | 4,300,000 |  |  |  |  |  |  | $ | 1,700,000 |  |  |  |  |
Summary of Outstanding and Exercisable Options | The following table summarizes information about stock options outstanding at December 31, 2014:
|  | Outstanding |  | Exercisable
Aggregate intrinsic value |  | $ 12,882,000 |  | $ 12,882,000
Weighted-average remaining contractual term |  | 2.2 years |  | 2.2 years
Summary of SAR Activity | SAR activity for the years ended December 31, 2014, 2013, and 2012, was as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
SARs |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Shares |  |  | Weighted- Average Exercise Price |
Outstanding at beginning of year |  |  | 1,402,784 |  |  |  | $ 36.36 |  |  |  | 1,535,804 |  |  |  | $ 31.66 |  |  |  | 1,287,724 |  |  |  | $ 28.91 |
Granted |  |  | 195,560 |  |  |  | 74.59 |  |  |  | 326,811 |  |  |  | 46.13 |  |  |  | 431,040 |  |  |  | 38.51 |
Exercised |  |  | (267,077 | ) |  |  | 34.03 |  |  |  | (376,673 | ) |  |  | 25.44 |  |  |  | (102,972 | ) |  |  | 23.83 |
Forfeited |  |  | (38,738 | ) |  |  | 50.57 |  |  |  | (80,515 | ) |  |  | 37.54 |  |  |  | (75,978 | ) |  |  | 34.10 |
Expired |  |  | (387 | ) |  |  | 46.07 |  |  |  | (2,643 | ) |  |  | 33.70 |  |  |  | (4,010 | ) |  |  | 41.57 |
Outstanding at end of year |  |  | 1,292,142 |  |  |  | $ 42.20 |  |  |  | 1,402,784 |  |  |  | $ 36.36 |  |  |  | 1,535,804 |  |  |  | $ 31.66 |
Exercisable at end of year |  |  | 586,344 |  |  |  | $ 33.03 |  |  |  | 520,426 |  |  |  | $ 30.51 |  |  |  | 514,787 |  |  |  | $ 26.52 |
Intrinsic value of exercised SARs |  | $ | 10,800,000 |  |  |  |  |  |  |  | $ 7,900,000 |  |  |  |  |  |  |  | $ 1,500,000 |  |
Summary of Restricted Stock Award Activity | Restricted stock award activity, granted under the 2011 and 2006 Plans, for the years ended December 31, 2014, 2013 and 2012 was as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Restricted Stock Awards |  | Shares |  |  | Weighted-Average Grant Date Fair Value |  |  | Shares |  |  | Weighted-Average Grant Date Fair Value |  |  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at beginning of year |  |  | 435,377 |  |  | $ | 40.92 |  |  |  | 444,362 |  |  | $ | 35.43 |  |  |  | 529,880 |  |  | $ | 28.20 |
Granted |  |  | 423,644 |  |  |  | 73.42 |  |  |  | 167,515 |  |  |  | 46.17 |  |  |  | 169,081 |  |  |  | 38.45 |
Released |  |  | (153,200 | ) |  |  | 43.16 |  |  |  | (161,976 | ) |  |  | 31.28 |  |  |  | (235,580 | ) |  |  | 21.39 |
Forfeited |  |  | (14,200 | ) |  |  | 54.08 |  |  |  | (14,524 | ) |  |  | 40.79 |  |  |  | (19,019 | ) |  |  | 34.90 |
Outstanding at end of year |  |  | 691,621 |  |  | $ | 60.06 |  |  |  | 435,377 |  |  | $ | 40.92 |  |  |  | 444,362 |  |  | $ | 35.43 |
Summary of Performance Share Award Activity | Performance share award activity, granted under the 2011 and 2006 Plans, for the years ended December 31, 2014, 2013 and 2012 was as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Performance Share Awards |  | Shares |  |  | Weighted-Average Grant Date Fair Value |  |  | Shares |  |  | Weighted-Average Grant Date Fair Value |  |  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at beginning of year |  |  | 195,159 |  |  | $ | 42.25 |  |  |  | 265,829 |  |  | $ | 35.55 |  |  |  | 306,261 |  |  | $ | 28.58 |
Granted |  |  | 233,111 |  |  |  | 73.00 |  |  |  | 187,794 |  |  |  | 35.17 |  |  |  | 72,470 |  |  |  | 38.68 |
Released |  |  | (33,535 | ) |  |  | 41.45 |  |  |  | (253,484 | ) |  |  | 27.90 |  |  |  | (1,802 | ) |  |  | 41.57 |
Forfeited |  |  | (20,555 | ) |  |  | 41.45 |  |  |  | (4,980 | ) |  |  | 41.46 |  |  |  | (111,100 | ) |  |  | 23.06 |
Outstanding at end of year |  |  | 374,180 |  |  | $ | 61.53 |  |  |  | 195,159 |  |  | $ | 42.25 |  |  |  | 265,829 |  |  | $ | 35.55 |
Weighted-Average Assumptions Used for Employee Purchase Rights Granted Under Stock Purchase Plan | The fair value of the purchase rights issued to Zebra employees under the stock purchase plan is estimated using the following weighted-average assumptions for purchase rights granted. Expected lives of three months to one year have been used along with these assumptions.
|  | 2014 |  |  | 2013 |  |  | 2012 |
Fair market value |  | $ | 64.99 |  |  | $ | 42.45 |  |  | $ | 35.43 |
Option price |  | $ | 61.74 |  |  | $ | 40.33 |  |  | $ | 33.66 |
Expected dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 31 | % |  |  | 19 | % |  |  | 21 | %
Risk free interest rate |  |  | 0.05 | % |  |  | 0.05 | % |  |  | 0.07 | %
Stock Appreciation Rights (SARs) [Member] |
Summary of Outstanding and Exercisable Options | The following table summarizes information about SARs outstanding at December 31, 2014:
|  | Outstanding |  |  |  | Exercisable
Aggregate intrinsic value |  | $ 38,061,000 |  |  |  | $ 22,354,000
Weighted-average remaining contractual term |  | 7.0 years |  |  |  | 6.0 years

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