XML 70 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Equity Based Compensation
3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Equity Based Compensation
Equity Based Compensation
Equity compensation expense was $4.5 million and $4.3 million in the first quarter of 2015 and 2014, respectively. In the first quarter of 2015, the Company granted 0.3 million stock appreciation rights at $90.06 weighted average exercise price per share and 0.2 million performance contingent units to employees. Additionally, non-employee directors were granted a total of 15,174 shares of common stock. As of March 31, 2015, 1.9 million share options at $53.08 weighted average per share were vested and exercisable with a remaining weighted average exercise period of 5.1 years. As of March 31, 2015, the total compensation cost of non-vested awards not yet recognized in the condensed consolidated financial statements was $43.0 million. It is estimated that these costs will vest over a weighted average period of 2.3 years.