v2.4.0.8
Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Summary of Stock Option Activity

The following table summarizes stock option activity for the Company for the three months ended September 30, 2013 (in thousands, except per share data and years):

 

    Stock Options Outstanding  
    Shares     Weighted Average
Exercise Price

Per Share
    Aggregate
Intrinsic
Value
    Weighted Average
Remaining Contractual
Term (Years)
 

Balance as of July 1, 2013

    0      $ 0       

Granted

    600        92.84       

Exercised

    0        0       

Forfeited/Expired

    0        0       
 

 

 

       

Balance as of September 30, 2013

    600      $ 92.84       
 

 

 

       

Exercisable as of September 30, 2013

    0      $ 0      $ 0        0.0   

Expected to vest as of September 30, 2013

    600      $ 92.84      $ 6,594        9.9   
 

 

 

       

Total

    600      $ 92.84      $ 6,594        9.9
Assumptions Used in Black-Scholes Option-Pricing Model

The weighted average grant date fair value of stock option awards using the Black-Scholes option-pricing model was $42.03 for each share subject to a stock option granted during the three months ended September 30, 2013, based on the following assumptions:

 

     Three months ended  
     September 30,  
     2013     2012  

Expected term of options in years

     6.3        0.0   

Expected volatility

     42.8     0.0

Risk-free interest rate

     2.5     0.0

Expected dividend yield

     0.0     0.0 %