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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2017
Stock-Based Compensation Expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2017

 

2016

 

2015

Stock-based compensation expense

$

 66,396 

 

$

 65,112 

 

$

 59,465 

Stock-based compensation expense, net of tax

$

 40,370 

 

$

 35,974 

 

$

 36,666 

Stock-based compensation expense recognized as capitalized development

$

 1,141 

 

$

 946 

 

$

 1,554 

Excess tax benefit on stock-based compensation recognized in provision for income taxes

$

 448 

 

$

 -

 

$

 -



Summary Of Option And SOSAR Activity Under Incentive Plan





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



2017

 

2016

 

2015



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

1,917 

 

$

 490.06 

 

 1,694 

 

$

 490.70 

 

 2,087 

 

$

 395.46 

Granted

304 

 

$

 426.70 

 

 460 

 

$

 457.77 

 

 379 

 

$

 659.12 

Exercised

(35)

 

$

 307.83 

 

 (124)

 

$

 315.87 

 

 (716)

 

$

 297.25 

Forfeited or cancelled

 (187)

 

$

 527.53 

 

 (113)

 

$

 559.25 

 

 (56)

 

$

 554.73 

Outstanding, end of year

1,999 

 

$

 480.09 

 

 1,917 

 

$

 490.06 

 

 1,694 

 

$

 490.70 







 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



Shares

 

Weighted-Average Exercise Price Per Share

 

Weighted-Average Remaining Years of Contractual Life

 

Aggregate Intrinsic Value

Outstanding as of December 31, 2017

 1,999 

 

$

 480.09 

 

 3.7 

 

$

 209 

Vested and expected to vest as of December 31, 2017

 1,957 

 

$

 480.77 

 

 3.7 

 

$

 209 

Exercisable as of December 31, 2017

 1,130 

 

$

 474.20 

 

 2.7 

 

$

 209 



Summary Of Non-Vested Stock Award Activity Under Incentive Plan



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



2017

 

2016

 

2015



Shares

 

Weighted Average Grant Date Fair Value
Per Share

 

Shares

 

Weighted Average Grant Date Fair Value
Per Share

 

Shares

 

Weighted Average Grant Date Fair Value
Per Share

Outstanding, beginning of year

125 

 

$

 606.24 

 

 116 

 

$

 511.88 

 

 70 

 

$

 525.60 

Granted

127 

 

$

 436.36 

 

 90 

 

$

 509.05 

 

 47 

 

$

 785.32 

Vested

(8)

 

$

 454.84 

 

 (7)

 

$

 605.83 

 

 (1)

 

$

 413.07 

Forfeited or cancelled

 (31)

 

$

 502.46 

 

 (74)

 

$

 529.54 

 

 -

 

$

 534.55 

Outstanding, end of year

213 

 

$

 519.62 

 

 125 

 

$

 606.24 

 

 116 

 

$

 511.88 



Change In Awards Expected To Vest



 

 

 

 

 

 

 

 



 

 

 

 

 



Year ended December 31,



2017

 

2016

 

2015

Cumulative change in expense

$

 (1,410)

 

$

 (6,031)

 

$

 (12,195)

Net of tax impact from cumulative change in expense

$

 (857)

 

$

 (3,332)

 

$

 (7,520)

Impact on basic earnings per share

$

 0.03 

 

$

 0.11 

 

$

 0.25 

Impact on diluted earnings per share

$

 0.03 

 

$

 0.11 

 

$

 0.24 



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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

2015

Risk-free interest rate

 

 

 1.6 

%

 

 

 1.0 

%

 

 

 1.1 

%

Expected life (years)

 

 

 3.7 

 

 

 

 3.5 

 

 

 

 3.4 

 

Expected dividend yield

 

 

 0.0 

%

 

 

 0.0 

%

 

 

 0.0 

%

Volatility

 

 

 29.9 

%

 

 

 32.2 

%

 

 

 30.8 

%

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

 

$

 105.97 

 

 

$

 117.48 

 

 

$

 156.32 

 



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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

2015

Risk-free interest rate

 

 

 1.5 

%

 

 

 0.9 

%

 

 

 1.0 

%

Expected life (years)

 

 

 3.0 

 

 

 

 3.0 

 

 

 

 2.9 

 

Expected dividend yield

 

 

 0.0 

%

 

 

 0.0 

%

 

 

 0.0 

%

Volatility

 

 

 29.9 

%

 

 

 31.4 

%

 

 

 33.7 

%