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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Assumptions Used In The Weighted Average Fair Value Of The Stock Options Granted

The weighted average fair value of the Company’s stock options granted during 2014, 2013 and 2012 were $10.88, $10.45 and $6.73, respectively, using the following assumptions:

		2014			2013			2012
Expected term (in years)		6.79			6.92			6.75
Expected volatility		26.98	%		31.46	%		34.90	%
Expected dividend yield		1.15	%		1.21	%		1.46	%
Risk-free interest rate		2.04	%		2.12	%		1.03	%

Stock-based Compensation Expense

The Company recognized stock-based compensation expense in its Consolidated Financial Statements in 2014, 2013 and 2012 as follows:

		2014				2013				2012
Stock-based compensation expense		$	13,463			$	37,865			$	15,736
Less: Deferred tax benefit		(4,704		)		(13,823		)		(5,650		)
Stock-based compensation expense, net of tax		$	8,759			$	24,042			$	10,086

Stock Option Plans

This table presents certain information relating to the Company’s stock option plans for 2014, 2013 and 2012:

		Number of Shares			Weighted Avg. Price
Balance as of December 31, 2011		27,043,000			$	20.06
Granted		2,470,000			22.40
Exercised		(3,136,000	)		15.19
Expired or canceled		(767,000	)		22.61
Balance as of December 31, 2012		25,610,000			$	20.81
Granted		2,281,000			33.67
Exercised		(3,733,000	)		17.26
Expired or canceled		(521,000	)		22.25
Balance as of December 31, 2013		23,637,000			$	22.58
Granted		2,293,000			40.05
Exercised		(5,261,000	)		19.52
Expired or canceled		(208,000	)		28.83
Balance as of December 31, 2014		20,461,000			$	25.26
Exercisable as of December 31, 2014		10,295,000			$	20.58
Available for future grant as of December 31, 2014		28,626,000

Stock Options Outstanding And Exercisable

This table summarizes information relating to all options outstanding and exercisable at December 31, 2014:

					Options Outstanding at December 31, 2014									Options Exercisable at December 31, 2014
Range of Exercise Prices (Per Share)					Number of Shares			Weighted Average Exercise Price (Per Share)				Weighted Average Remaining Contractual Life (Years)		Number of Shares			Weighted Average Exercise Price (Per Share)				Weighted Average Remaining Contractual Life (Years)
$	14.62		-	15.77	4,073,000			$	15.19			5.48		2,915,000			$	14.95			5.69
17.65			-	21.05	3,534,000			18.20				3.71		3,519,000			18.27				4.49
22.45			-	23.86	4,399,000			23.20				6.93		1,960,000			21.92				4.35
27.03			-	32.49	4,073,000			30.95				2.68		1,901,000			26.57				5.09
33.73			-	40.64	4,382,000			37.10				9.50		—			31.17				4.00
					20,461,000									10,295,000

Common Stock Buyback

The following table provides the total number of shares repurchased and the related total costs in 2014, 2013 and 2012:

Year		Total Number of Shares Repurchased			Total Cost
2014		7,888,000			$	278,357
2013		6,789,000			209,942
2012		7,528,000			155,264

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