XML 51 R35.htm IDEA: XBRL DOCUMENT
v3.8.0.1

SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Summary of Stock Option Activity | The following is a summary of stock option activity under the 2014 Plan and the 2001 Plan as of and for the year ended December 31, 2017:
|  | Options |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Options outstanding at December 31, 2016 |  |  | 294,250 |  |  | $ | 122.80 |  |  |  |  |  |  |  |  |
Granted |  |  | 179,750 |  |  |  | 150.35 |  |  |  |  |  |  |  |  |
Exercised |  |  | (39,751 | ) |  |  | 98.05 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (34,166 | ) |  |  | 139.40 |  |  |  |  |  |  |  |  |
Expired |  |  | (1,250 | ) |  |  | 67.25 |  |  |  |  |  |  |  |  |
Options outstanding at December 31, 2017 |  |  | 398,833 |  |  | $ | 136.44 |  |  |  | 3.47 |  |  | $ | 13,401 |
Options exercisable at December 31, 2017 |  |  | 33,919 |  |  | $ | 121.65 |  |  |  | 2.80 |  |  | $ | 1,641 |
Summary of Non-Vested Restricted Stock Activity | The following is a summary of non-vested restricted stock activity as of and for the year ended December 31, 2017:
|  | Shares |  |  | Weighted- Average Grant Date Fair Value |
Non-vested restricted stock outstanding at December 31, 2016 |  |  | 2,898,890 |  |  | $ | 54.13 |
Granted |  |  | 176,899 |  |  |  | 149.47 |
Vested |  |  | (80,550 | ) |  |  | 50.05 |
Forfeited |  |  | (10,000 | ) |  |  | 134.71 |
Non-vested restricted stock outstanding at December 31, 2017 |  |  | 2,985,239 |  |  | $ | 51.22 |
Valuation Assumptions Used for Stock Option Awards | The following table presents the weighted-average assumptions used for stock options granted:
Years Ended December 31, |  | 2017 |  |  | 2016 |  |  | 2015 |
Expected term in years |  |  | 4.25 |  |  |  | 4.25 |  |  |  | 4.25 |
Risk-free interest rate |  |  | 1.77 | % |  |  | 1.24 | % |  |  | 1.25 | %
Expected volatility |  |  | 17.41 | % |  |  | 18.65 | % |  |  | 20.96 | %
Expected dividend yield |  |  | 2.82 | % |  |  | 2.54 | % |  |  | 2.29 | %
Grant date fair value |  | $ | 17.23 |  |  | $ | 16.37 |  |  | $ | 17.17 |
Share-Based Compensation Expense | The following table provides information on share-based compensation expense:
Years Ended December 31, |  | 2017 |  |  | 2016 |  |  | 2015 |
Stock options |  | $ | 1,451 |  |  | $ | 1,149 |  |  | $ | 952 |
Non-vested restricted stock |  |  | 11,842 |  |  |  | 11,170 |  |  |  | 11,644 |
Share-based compensation expense |  | $ | 13,293 |  |  | $ | 12,319 |  |  | $ | 12,596 |

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration