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Equity Incentive Schemes and Stock Compensation Charges (Tables) | 12 Months Ended
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Dec. 31, 2013
Transactions for Company's Share Option Plans | The following table summarizes the transactions for the Company’s share option plans for the years ended December 31, 2013, December 31, 2012 and December 31, 2011:
|  | Options Granted Under Plans |  |  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2010 |  |  | 4,798,677 |  |  |  | 4,798,677 |  |  | $ | 21.71 |  |  | $ | 8.47 |
Granted |  |  | 989,449 |  |  |  | 989,449 |  |  | $ | 19.66 |  |  | $ | 8.20 |
Exercised |  |  | (430,340 | ) |  |  | (430,340 | ) |  | $ | 10.84 |  |  | $ | 4.80 |
Cancelled |  |  | (454,968 | ) |  |  | (454,968 | ) |  | $ | 25.77 |  |  | $ | 9.87 |
Outstanding at December 31, 2011 |  |  | 4,902,818 |  |  |  | 4,902,818 |  |  | $ | 21.87 |  |  | $ | 8.61 |
Granted |  |  | 842,273 |  |  |  | 842,273 |  |  | $ | 22.01 |  |  | $ | 9.59 |
Exercised |  |  | (890,236 | ) |  |  | (890,236 | ) |  | $ | 14.62 |  |  | $ | 6.16 |
Cancelled |  |  | (504,224 | ) |  |  | (504,224 | ) |  | $ | 25.14 |  |  | $ | 9.76 |
Outstanding at December 31, 2012 |  |  | 4,350,631 |  |  |  | 4,350,631 |  |  | $ | 23.01 |  |  | $ | 9.17 |
Granted |  |  | 264,950 |  |  |  | 264,950 |  |  | $ | 33.09 |  |  | $ | 12.05 |
Exercised |  |  | (1,249,759 | ) |  |  | (1,249,759 | ) |  | $ | 21.60 |  |  | $ | 8.58 |
Cancelled |  |  | (392,034 | ) |  |  | (392,034 | ) |  | $ | 25.27 |  |  | $ | 10.02 |
Outstanding at December 31, 2013 |  |  | 2,973,788 |  |  |  | 2,973,788 |  |  | $ | 24.20 |  |  | $ | 9.57 |
Vested and exercisable at December 31, 2013 |  |  | 1,505,707 |  |  |  | 1,505,707 |  |  | $ | 24.92 |  |  | $ | 8.64 |
Non Vested Shares Outstanding | Non vested shares outstanding as at December 31, 2013 are as follows:
|  | Options Outstanding Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Fair Value |
Non vested outstanding at December 31, 2012 |  |  | 2,094,533 |  |  | $ | 22.43 |  |  | $ | 9.17 |
Granted |  |  | 264,950 |  |  |  | 33.09 |  |  |  | 12.05 |
Vested |  |  | (641,773 | ) |  |  | 24.29 |  |  |  | 9.60 |
Forfeited |  |  | (249,629 | ) |  |  | 22.97 |  |  |  | 9.46 |
Non vested outstanding at December 31, 2013 |  |  | 1,468,081 |  |  | $ | 23.45 |  |  | $ | 9.45 |
Information Concerning Outstanding and Exercisable Share Options | The following table summarizes information concerning outstanding and exercisable share options as of December 31, 2013:
| Options Outstanding |  |  |  |  |  | Options Exercisable |
| Range Exercise Price |  |  | Number of Shares |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Average Exercise Price |  |  | Number of Shares |  |  | Weighted Average Exercise Price |
| $ | 11.00 |  |  | 24,140 |  |  | 0.09 |  |  | $ | 11.00 |  |  | 24,140 |  |  | $ | 11.00 |
| $ | 15.47 |  |  | 180 |  |  | 3.33 |  |  | $ | 15.47 |  |  | - |  |  | $ | 15.47 |
| $ | 15.84 |  |  | 50,000 |  |  | 3.33 |  |  | $ | 15.84 |  |  | 40,000 |  |  | $ | 15.84 |
| $ | 16.80 |  |  | 150,000 |  |  | 5.83 |  |  | $ | 16.80 |  |  | 60,000 |  |  | $ | 16.80 |
| $ | 17.17 |  |  | 30,000 |  |  | 5.85 |  |  | $ | 17.17 |  |  | 12,000 |  |  | $ | 17.17 |
| $ | 18.00 |  |  | 24,000 |  |  | 0.83 |  |  | $ | 18.00 |  |  | 24,000 |  |  | $ | 18.00 |
| $ | 18.98 |  |  | 6,600 |  |  | 2.87 |  |  | $ | 18.98 |  |  | 6,600 |  |  | $ | 18.98 |
| $ | 19.45 |  |  | 15,000 |  |  | 4.82 |  |  | $ | 19.45 |  |  | 1,800 |  |  | $ | 19.45 |
| $ | 20.16 |  |  | 2,000 |  |  | 4.87 |  |  | $ | 20.16 |  |  | 1,200 |  |  | $ | 20.16 |
| $ | 20.28 |  |  | 457,871 |  |  | 5.17 |  |  | $ | 20.28 |  |  | 177,987 |  |  | $ | 20.28 |
| $ | 20.59 |  |  | 162,000 |  |  | 6.14 |  |  | $ | 20.59 |  |  | 20,400 |  |  | $ | 20.59 |
| $ | 21.25 |  |  | 231,751 |  |  | 1.12 |  |  | $ | 21.25 |  |  | 231,751 |  |  | $ | 21.25 |
| $ | 22.10 |  |  | 400 |  |  | 3.56 |  |  | $ | 22.10 |  |  | - |  |  | $ | 22.10 |
| $ | 22.26 |  |  | 233,927 |  |  | 3.15 |  |  | $ | 22.26 |  |  | 155,161 |  |  | $ | 22.26 |
| $ | 22.30 |  |  | 475,333 |  |  | 6.32 |  |  | $ | 22.30 |  |  | 82,326 |  |  | $ | 22.30 |
| $ | 23.66 |  |  | 8,900 |  |  | 6.57 |  |  | $ | 23.66 |  |  | 1,780 |  |  | $ | 23.66 |
| $ | 24.25 |  |  | 100,000 |  |  | 4.18 |  |  | $ | 24.25 |  |  | 100,000 |  |  | $ | 24.25 |
| $ | 24.46 |  |  | 343,677 |  |  | 4.17 |  |  | $ | 24.46 |  |  | 172,209 |  |  | $ | 24.46 |
| $ | 26.20 |  |  | 2,400 |  |  | 4.38 |  |  | $ | 26.20 |  |  | 1,440 |  |  | $ | 26.20 |
| $ | 26.71 |  |  | 7,650 |  |  | 6.70 |  |  | $ | 26.71 |  |  | 4,090 |  |  | $ | 26.71 |
| $ | 29.45 |  |  | 3,000 |  |  | 4.32 |  |  | $ | 29.45 |  |  | 1,800 |  |  | $ | 29.45 |
| $ | 31.49 |  |  | 12,450 |  |  | 7.16 |  |  | $ | 31.49 |  |  | - |  |  | $ | 31.49 |
| $ | 32.37 |  |  | 200,203 |  |  | 7.33 |  |  | $ | 32.37 |  |  | 2,500 |  |  | $ | 32.37 |
| $ | 35.33 |  |  | 377,523 |  |  | 2.15 |  |  | $ | 35.33 |  |  | 377,523 |  |  | $ | 35.33 |
| $ | 36.05 |  |  | 6,000 |  |  | 2.40 |  |  | $ | 36.05 |  |  | 6,000 |  |  | $ | 36.05 |
| $ | 36.22 |  |  | 37,483 |  |  | 7.46 |  |  | $ | 36.22 |  |  | - |  |  | $ | 36.22 |
| $ | 37.90 |  |  | 10,300 |  |  | 7.93 |  |  | $ | 37.90 |  |  | - |  |  | $ | 37.90 |
| $ | 41.25 |  |  | 1,000 |  |  | 2.67 |  |  | $ | 41.25 |  |  | 1,000 |  |  | $ | 41.25 |
| $ | 11.00 - $41.25 |  |  | 2,973,788 |  |  | 4.52 |  |  | $ | 24.20 |  |  | 1,505,707 |  |  | $ | 24.92 |
Weighted Average Fair Values and Assumptions Used | The weighted average fair values and assumptions were as follows:
|  | Year Ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Weighted average fair value |  | $ | 12.05 |  |  | $ | 9.59 |  |  | $ | 8.20 |
Assumptions: |  |  |  |  |  |  |  |  |  |  |  |
Expected volatility |  |  | 40 | % |  |  | 50 | % |  |  | 45 | %
Dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Risk-free interest rate |  |  | 0.76 | % |  |  | 0.83 | % |  |  | 1.4 | %
Expected life |  | 5.0 years |  |  | 5.0 years |  |  | 5.0 years |
RSU and PSU Activity | The Company has awarded RSU’s and PSU’s to certain key individuals of the Group. The following table summarizes RSU and PSU activity for the year ended December 31, 2013:
|  | PSU Outstanding Number of Shares |  |  | PSU Weighted Average Fair Value |  | PSU Weighted Average Remaining Contractual Life |  | RSU Outstanding Number of Shares |  |  | RSU Weighted Average Fair Value |  | RSU Weighted Average Remaining Contractual Life
Outstanding at December 31, 2012 |  |  | - |  |  |  | - |  |  |  |  | 496,000 |  |  | $ | 20.26 |  |
Granted |  |  | 359,570 |  |  | $ | 33.09 |  |  |  |  | 409,492 |  |  | $ | 34.62 |  |
Shares vested |  |  | - |  |  |  | - |  |  |  |  | (50,000 | ) |  | $ | 22.30 |  |
Forfeited |  |  | (6,326 | ) |  | $ | 36.22 |  |  |  |  | (9,033 | ) |  | $ | 25.53 |  |
Outstanding at December 31, 2013 |  |  | 353,244 |  |  | $ | 33.04 |  | 2.35 |  |  | 846,459 |  |  | $ | 27.05 |  | 1.77
Schedule of Non-cash Stock Compensation Expense | Non-cash stock compensation expense for the year ended December 31, 2013 has been allocated as follows:
|  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (in thousands) |
Direct costs |  | $ | 7,835 |  |  | $ | 6,007 |  |  | $ | 5,155 |
Selling, general and administrative |  | $ | 6,385 |  |  | $ | 4,894 |  |  | $ | 4,200 |
Restructuring and other non-recurring items (note 14) |  |  | - |  |  | $ | 620 |  |  |  | - |
Total compensation costs |  | $ | 14,220 |  |  | $ | 11,521 |  |  | $ | 9,355 |

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