XML 79 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of 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 2019, 2018 and 2017 were $13.94, $13.04 and $16.78, respectively, using the following assumptions:

		2019			2018			2017
Expected term (in years)		5.53			6.34			6.00
Expected volatility		23.36	%		25.27	%		22.58	%
Expected dividend yield		1.10	%		1.35	%		0.82	%
Risk-free interest rate		1.80	%		2.75	%		2.29	%

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation expense in its Consolidated Financial Statements in 2019, 2018 and 2017 as follows:

		2019				2018				2017
Stock-based compensation expense		$	24,582			$	23,805			$	36,366
Less: Deferred tax benefit		(4,814		)		(5,078		)		(7,891		)
Stock-based compensation expense, net of tax		$	19,768			$	18,727			$	28,475

Schedule of Stock Option Plans

This table presents certain information relating to the Company’s stock option plans for 2019, 2018 and 2017:

		Number of Shares			Weighted Average Price
Balance as of December 31, 2016		18,069,000			$	31.57
Granted		2,057,000			69.87
Exercised		(2,370,000	)		21.22
Expired or canceled		(1,044,000	)		33.42
Balance as of December 31, 2017		16,712,000			$	37.63
Granted		2,468,000			49.94
Exercised		(3,232,000	)		25.93
Expired or canceled		(135,000	)		49.58
Balance as of December 31, 2018		15,813,000			$	41.84
Granted		2,480,000			64.04
Exercised		(2,243,000	)		25.27
Expired or canceled		(344,000	)		55.07
Balance as of December 31, 2019		15,706,000			$	47.43
Exercisable as of December 31, 2019		8,214,000			$	37.34
Available for future grant as of December 31, 2019		19,639,000

Schedule of Stock Options Outstanding and Exercisable

This table summarizes information relating to all options outstanding and exercisable at December 31, 2019:

							Options Outstanding at December 31, 2019									Options Exercisable at December 31, 2019
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		-	$	21.05		843,000			$	15.79			2.00		843,000			$	15.79			2.00
22.45			-	23.86			1,869,000			23.04				2.16		1,869,000			23.04				2.16
27.03			-	40.64			2,945,000			37.24				4.57		2,072,000			35.81				4.39
45.99			-	53.16			4,062,000			49.01				8.09		1,855,000			49.62				7.00
53.34			-	71.12			5,987,000			63.43				8.36		1,575,000			53.40				6.07
							15,706,000									8,214,000

Schedule of Common Stock Buyback

The following table provides the total number of shares repurchased and the related total costs in 2019, 2018 and 2017:

Year		Total Number of Shares Repurchased			Total Cost
2019		6,225,000			$	348,348
2018		6,744,000			404,759
2017		4,403,000			248,114

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&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 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

+ Details

Name:	us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration