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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Stock Based Compensation Expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2016

 

2015

 

2014

Stock-based compensation expense

$

65,112 

 

$

59,465 

 

$

97,618 

Stock-based compensation expense, net of tax

 

35,974 

 

 

36,666 

 

 

60,084 

Stock-based compensation expense recognized as capitalized development

 

946 

 

 

1,554 

 

 

1,178 



Summary Of Option And SOSAR Activity Under Incentive Plan





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



2016

 

2015

 

2014



Shares

 

Weighted-Average Exercise Price Per Share

 

Shares

 

Weighted-Average Exercise Price Per Share

 

Shares

 

Weighted-Average Exercise Price Per Share

Outstanding, beginning of year

1,694 

 

$

490.70 

 

2,087 

 

$

395.46 

 

1,690 

 

$

312.44 

Granted

460 

 

$

457.77 

 

379 

 

$

659.12 

 

764 

 

$

545.66 

Exercised

(124)

 

$

315.87 

 

(716)

 

$

297.25 

 

(315)

 

$

310.32 

Forfeited or cancelled

(113)

 

$

559.25 

 

(56)

 

$

554.73 

 

(52)

 

$

419.74 

Outstanding, end of year

1,917 

 

$

490.06 

 

1,694 

 

$

490.70 

 

2,087 

 

$

395.46 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



Shares

 

Weighted-Average Exercise Price Per Share

 

Weighted-Average Remaining Years of Contractual Life

 

Aggregate Intrinsic Value

Outstanding as of December 31, 2016

1,917 

 

$

490.06 

 

4.4 

 

$

22,040 

Vested and expected to vest as of December 31, 2016

1,851 

 

$

489.18 

 

4.3 

 

$

22,040 

Exercisable as of December 31, 2016

846 

 

$

422.32 

 

3.3 

 

$

22,040 



Summary Of Non-Vested Stock Award Activity Under Incentive Plan



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



2016

 

2015

 

2014



Shares

 

Grant Date Fair Value
Per Share

 

Shares

 

Grant Date Fair Value
Per Share

 

Shares

 

Grant Date Fair Value
Per Share

Outstanding, beginning of year

116 

 

$

511.88 

 

70 

 

$

525.60 

 

71 

 

$

520.27 

Granted

90 

 

$

509.05 

 

47 

 

$

785.32 

 

 

$

495.92 

Vested

(7)

 

$

605.83 

 

(1)

 

$

413.07 

 

(2)

 

$

284.11 

Forfeited or cancelled

(74)

 

$

529.54 

 

 -

 

$

534.55 

 

(1)

 

$

410.55 

Outstanding, end of year

125 

 

$

606.24 

 

116 

 

$

511.88 

 

70 

 

$

525.60 



Performance Shares [Member]  
Schedule Of Assumptions to Value SOSAR or Stock Awards Granted



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

2016

 

2015

Risk-free interest rate

 

 

 

 

 

 

0.9 

%

 

 

1.0 

%

Expected life (years)

 

 

 

 

 

 

3.0 

 

 

 

2.9 

 

Expected dividend yield

 

 

 

 

 

 

0.0 

%

 

 

0.0 

%

Volatility

 

 

 

 

 

 

31.4 

%

 

 

33.7 

%



SOSARS [Member]  
Schedule Of Assumptions to Value SOSAR or Stock Awards Granted



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014

Risk-free interest rate

 

 

1.0 

%

 

 

1.1 

%

 

 

0.8 

%

Expected life (years)

 

 

3.5 

 

 

 

3.4 

 

 

 

3.4 

 

Expected dividend yield

 

 

0.0 

%

 

 

0.0 

%

 

 

0.0 

%

Volatility

 

 

32.2 

%

 

 

30.8 

%

 

 

33.3 

%

Weighted-average Black-Scholes fair value per share at date of grant

 

$

117.48 

 

 

$

156.32 

 

 

$

136.18