XML 34 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
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 September 30, 2016:

 

 

 

Stock Options Outstanding

 

 

 

 

 

 

Weighted Average

 

 

Aggregate

 

 

Weighted Average

 

 

 

 

 

 

Exercise Price

 

 

Intrinsic

 

 

Remaining Contractual

 

 

Shares

 

 

Per Share

 

 

Value

 

 

Term (Years)

Balance as of July 1, 2016

 

 

935

 

 

$

146.31

 

 

 

 

 

 

 

Granted

 

0

 

 

0.00

 

 

 

 

 

 

 

Exercised

 

0

 

 

0.00

 

 

$

0

 

 

 

Forfeited/Expired

 

 

(20

)

 

201.25

 

 

 

 

 

 

 

Balance as of September 30, 2016

 

 

915

 

 

$

145.11

 

 

 

 

 

 

 

Exercisable as of September 30, 2016

 

 

340

 

 

$

134.33

 

 

$

12,285

 

 

7.8

Expected to vest as of September 30, 2016

 

 

575

 

 

$

151.48

 

 

 

13,324

 

 

8.2

Total

 

 

915

 

 

$

145.11

 

 

$

25,609

 

 

8.0

 

Range Of Exercise Prices

Stock options outstanding as of September 30, 2016 are comprised of the following range of exercise prices per share (in thousands, except per share data and years):

 

 

 

Stock Options Outstanding at September 30, 2016

 

 

 

 

 

 

 

Weighted Average

 

 

Weighted Average

 

 

 

 

 

 

 

Exercise Price

 

 

Remaining Contractual

 

Range of Exercise Prices per Share

 

Shares

 

 

Per Share

 

 

Term (Years)

 

$117.85 - $120.00

 

 

30

 

 

$

118.63

 

 

7.6

 

$120.01 - $150.00

 

 

514

 

 

$

121.43

 

 

7.6

 

$150.01 - $180.00

 

 

216

 

 

$

167.21

 

 

8.4

 

$180.01 - $201.25

 

 

155

 

 

$

197.87

 

 

9.2

 

Total

 

 

915

 

 

$

145.11

 

 

 

8.0

 

 

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 $82.89 for each share subject to a stock option granted during the three months ended September 30, 2015, based on the following assumptions:

 

 

 

Three months ended

 

 

September 30,

 

 

2015

Expected term of options in years

 

6.3

Expected volatility

 

39.0%

Risk-free interest rate

 

1.9%

Expected dividend yield

 

0.0%