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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity (in thousands, except per share data and years) for the three months ended March 31, 2016:

 

     Stock Options Outstanding  
            Weighted Average      Aggregate      Weighted Average  
            Exercise Price      Intrinsic      Remaining Contractual  
     Shares      Per Share      Value      Term (Years)  

Balance as of January 1, 2016

     1,323       $ 129.04         

Granted

     0         0.00         

Exercised

     (102      93.85       $ 7,550      

Forfeited/Expired

     (325      98.39         
  

 

 

          

Balance as of March 31, 2016

     896       $ 144.13         
  

 

 

          

Exercisable as of March 31, 2016

     169       $ 132.20       $ 8,019         8.3   

Expected to vest as of March 31, 2016

     727       $ 146.90         26,673         8.5   
  

 

 

       

 

 

    

Total

     896       $ 144.13       $ 34,692         8.5   
  

 

 

       

 

 

    
Range Of Exercise Prices

Stock options outstanding as of March 31, 2016 are comprised of the following range of exercise prices per share (in thousands, except per share data and years):

 

     Stock Options Outstanding at March 31, 2016  
            Weighted Average      Weighted Average  
            Exercise Price      Remaining Contractual  

Range of Exercise Prices per Share

   Shares      Per Share      Term (Years)  

$117.85 - $120.00

     32       $ 118.66         8.1   

$120.01 - $150.00

     514       $ 121.43         8.1   

$150.01 - $180.00

     220       $ 167.17         8.9   

$180.01 - $201.25

     130       $ 201.25         9.4   
  

 

 

       

Total

     896       $ 144.13         8.5   
  

 

 

       
Assumptions Used in Black-Scholes Pricing Model

The weighted average grant date fair value of stock option awards using the Black-Scholes pricing model was $68.19 for each share subject to a stock option granted during the three months ended March 31, 2015, based on the following assumptions:

 

     Three months ended  
     March 31,  
     2015  

Expected term of options in years

     6.3   

Expected volatility

     40.2

Risk-free interest rate

     1.5

Expected dividend yield

     0.0