XML 138 R49.htm IDEA: XBRL DOCUMENT v2.4.1.9

Equity-Based Compensation (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ 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)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited 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

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Share Based Compensation, Shares Of Time-Vested Restricted Stock Granted And Vesting Schedules Of Restricted Stock Awards [Table Text Block]

+ References

No definition available.

+ Details

Name:	zbra_ScheduleOfShareBasedCompensationSharesOfTimeVestedRestrictedStockGrantedAndVestingSchedulesOfRestrictedStockAwardsTableTextBlock
Namespace Prefix:	zbra_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: