SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

A summary of the Company’s stock option activity and related information is as follows:


	Options in thousands			Weighted average exercise price		Aggregate intrinsic value
	2014			2014		2014
Outstanding at beginning of year		12,602		$	40.58	$	301,449
Granted		2,559		$	65.28
Exercised		(2,173	)	$	26.77
Forfeited		(60	)	$	56.46

Outstanding at December 31,		*)12,928		$	47.72	$	398,893

Exercisable at December 31,		8,058		$	41.72	$	296,900

*)	As of December 31, 2014 , approximately 12.8 million options are vested and expected to vest. Options expected to vest reflect an estimated forfeiture rate for purposes of determining related compensation expense.

The options outstanding as of December 31, 2014, have been separated into ranges of exercise price, as follows:


	Outstanding			Exercisable
Exercise price	Number of options (in thousands)	Weighted average remaining contractual life (years)	Weighted average exercise price	Number of options (in thousands)	Weighted average remaining contractual life (years)	Weighted average exercise price
$			$			$
21.95-29.49	3,655	1.80	27.30	3,595	1.80	27.31
33.20-47.97	251	3.10	39.27	172	2.69	37.94
49.50-53.67	5,493	4.40	52.06	3,508	4.22	52.38
55.15-74.51	3,529	5.79	62.70	784	5.46	61.01

21.95-74.51	12,928	4.02	47.72	8,058	3.23	41.72

The following table summarizes information relating to RSUs, as well as changes to such awards during 2014:


	Year ended December 31,
	2014
	Number in thousands
Outstanding at beginning of year		907
Granted		298
Vested		(284	)
Forfeited		(119	)

Outstanding as of December 31,		802

The following table summarizes information relating to PSUs, as well as changes to such awards during 2014:


	Year ended December 31,
	2014
	Number in thousands
Outstanding at beginning of year		—
Granted		103
Forfeited		(9	)

Outstanding as of December 31,		94