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Equity Incentive Schemes and Stock Compensation Charges (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of 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, 2018, December 31, 2017 and December 31, 2016:

 
Options Granted
Under Plans

Weighted Average Exercise Price

Weighted Average Grant Date Fair
Value

Outstanding at December 31, 2015
1,626,582

$
34.87

$
11.94

Granted
256,191

$
69.61

$
20.10

Exercised
(393,240
)
$
25.79

$
9.84

Cancelled
(23,089
)
$
29.74

$
11.19

Outstanding at December 31, 2016
1,466,444

$
43.45

$
13.94

Granted
219,113

$
85.98

$
25.06

Exercised
(458,243
)
$
30.35

$
10.72

Cancelled
(55,921
)
$
54.35

$
16.76

Outstanding at December 31, 2017
1,171,393

$
56.02

$
17.15

Granted
167,557

$
118.90

$
36.84

Exercised
(408,699
)
$
41.12

$
13.55

Cancelled
(9,505
)
$
32.35

$
11.39

Outstanding at December 31, 2018
920,746

$
74.32

$
22.39

Vested and exercisable at December 31, 2018
397,923

$
56.10

$
17.11

Schedule of Non Vested Shares Outstanding
Non-vested shares outstanding as at December 31, 2018 are as follows:
 
Options
Outstanding
Number of Shares

Weighted Average Exercise Price

Weighted Average Fair Value

Non-vested outstanding at December 31, 2017
694,727

$
68.06

$
20.03

 
 
 
 
Granted
167,557

118.90

36.84

Vested
(336,756
)
62.21

18.51

Forfeited
(2,705
)
56.58

16.84

 
 
 
 
Non-vested outstanding at December 31, 2018
522,823

$
88.18

$
26.41

Summary of Information Concerning Outstanding and Exercisable Share Options
The following table summarizes information concerning outstanding and exercisable share options as of December 31, 2018:

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

$
20.28

18,190

0.16


18,190



$
22.30

52,811

1.32


52,811



$
23.66

1,161

1.57


1,161



$
26.71

450

1.69


450



$
32.37

20,848

2.33


20,848



$
36.22

2,141

2.46


2,141



$
37.90

920

2.93


920



$
40.83

40,502

3.39


25,360



$
47.03

22,685

3.17


14,020



$
48.67

50,896

3.21


34,906



$
51.35

2,030

3.60


1,224



$
65.60

66,752

5.38


24,543



$
66.47

4,267

4.39


1,572



$
66.97

1,249

4.45





$
68.39

135,400

4.18


79,069



$
71.95

127,905

5.17


74,473



$
83.47

127,136

6.17


22,461



$
90.03

77,846

6.38


23,774



$
115.11

107,794

7.17





$
125.74

59,763

7.38





 $20.28 - $125.74

920,746

5.01
$
74.32

397,923

$
56.10

Summary of Weighted Average Fair Values and Assumptions Used
The weighted average fair values and assumptions were as follows:
 
Year Ended
 
December 31, 2018

December 31, 2017

December 31, 2016

Weighted average fair value
$
36.84

$
25.06

$
20.10

 
 
 
 
Assumptions:
 
 
 
Expected volatility
30
%
29
%
30
%
Dividend yield
%
%
%
Risk-free interest rate
2.76
%
1.93
%
1.39
%
Expected life
5.0 years

5.0 years

5.0 years

Summary of RSU and PSU Activity
The following table summarizes RSU and PSU activity for the year ended December 31, 2018:
 
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, 2017
511,026

$
72.07

0.93
715,970

$
72.65

1.28
 
 
 
 
 
 
 
Granted
71,906

$
116.02

 
160,113

$
123.42

 
Shares vested
(215,826
)
$
68.28

 
(276,495
)
$
67.99

 
Forfeited
(116,053
)
$
70.89

 
(64,911
)
$
78.92

 
 
 
 
 
 
 
 
Outstanding at December 31, 2018
251,053

$
85.95

0.96
534,677

$
89.50

1.22
Schedule of Non-cash Stock Compensation Expense
Non-cash stock compensation expense has been allocated as follows:

 
Year ended
 
December 31, 2018

December 31, 2017

December 31, 2016

 
(in thousands)
Direct costs
$
17,408

$
18,020

$
21,903

Selling, general and administrative
$
14,186

$
12,553

$
18,440

 
Total compensation costs
$
31,594

$
30,573

$
40,343