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STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2015

STOCKHOLDERS' EQUITY [Abstract]

Effect of compensation cost on earnings

The Company’s results for the three and six months ended June 30, 2015 and 2014 reflected the following stock-based compensation cost, and such compensation cost had the following effects on net earnings:

	Increase/(Decrease) for the Three Months Ended June 30,
	2015				2014
Cost of sales		$	214			$	163
Operating expenses			1,298				1,196
Net earnings			(982	)			(847	)

	Increase/(Decrease) for the Six Months Ended June 30,
	2015				2014
Cost of sales		$	426			$	311
Operating expenses			2,260				2,036
Net earnings			(1,743	)			(1,499	)

Summary of stock option activity

Option activity for the six months ended June 30, 2015 and 2014 is summarized below:

For the six months ended June 30, 2015		Shares (000s)				Weighted Average Exercise  Price				Aggregate Intrinsic Value				Weighted Average Remaining Contractual Term
Outstanding as of December 31, 2014			1,470			$	27.35			$	57,742
Granted			207				58.34
Exercised			(519	)			19.12
Forfeited			(12	)			50.46
Outstanding as of June 30, 2015			1,146			$	36.45			$	22,660				6.6
Exercisable as of June 30, 2015			718			$	26.77			$	20,785				5.2

For the six months ended June 30, 2014		Shares (000s)				Weighted Average Exercise Price				Aggregate Intrinsic Value				Weighted Average Remaining Contractual Term
Outstanding as of December 31, 2013			1,893			$	20.94			$	71,465
Granted			268				53.80
Exercised			(249	)			11.56
Forfeited			(126	)			56.03
Outstanding as of June 30, 2014			1,786			$	24.71			$	51,517				5.3
Exercisable as of June 30, 2014			1,425			$	20.40			$	47,250				4.4

Other information pertaining to stock option activity

Other information pertaining to option activity during the three and six months ended June 30, 2015 and 2014 was as follows:

	Three Months Ended June 30,									Six Months Ended June 30,
	2015				2014					2015				2014
Weighted-average fair value of options granted		$	17.07			$	19.68			$	18.35			$	17.53
Total intrinsic value of stock options exercised ($000s)		$	12,244			$	5,526			$	20,284			$	10,944

Non-vested restricted stock activity

Non-vested restricted stock activity for the six months ended June 30, 2015 and 2014 is summarized below:

Six months ended June 30, 2015		Shares (000s)				Weighted Average Grant Date Fair  Value
Non-vested balance as of December 31, 2014			134			$	38.13
Granted			76				55.77
Vested			(11	)			16.69
Forfeited			-				-
Non-vested balance as of June 30, 2015			199			$	46.11

Six months ended June 30, 2014		Shares (000s)				Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2013			172			$	33.69
Granted			25				51.03
Vested			(24	)			37.61
Forfeited			(6	)			45.32
Non-vested balance as of June 30, 2014			167			$	35.27

Non-vested performance share activity

Non-vested performance share activity for the six months ended June 30, 2015 and 2014 is summarized below:

Six months ended June 30, 2015		Shares (000s)				Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2014			-			$	-
Granted			29				58.77
Vested			-				-
Forfeited			9				58.77
Non-vested balance as of June 30, 2015			20			$	58.77

Six months ended June 30, 2014		Shares (000s)				Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2013			-			$	-
Granted			-				-
Vested			-				-
Forfeited			-				-
Non-vested balance as of June 30, 2014			-			$	-

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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