XML 143 R58.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Summary Of Share Option Activity Under The Stock Option Plan
A summary of Elbit Systems’ share option activity under the stock option plan is as follows:

 
2013
 
2012
 
2011
 
Number
of
options
 
Weighted
average
exercise
price
 
Number
of
options
 
Weighted
average
exercise
price
 
Number
of
options
 
Weighted
average
exercise
price
Outstanding – beginning of the year
1,385,492

 
$
36.95

 
1,450,890

 
$
37.07

 
1,635,305

 
$
35.96

Granted
21,000

 
39.60

 
30,000

 
35.21

 
63,300

 
50.74

Exercised
(1,094,592
)
 
33.61

 
(69,898
)
 
33.19

 
(226,965
)
 
32.41

Forfeited
(44,300
)
 
53.47

 
(25,500
)
 
51.83

 
(20,750
)
 
42.33

Outstanding – end of the year
267,600

 
$
48.09

 
1,385,492

 
$
36.95

 
1,450,890

 
$
37.07

Options exercisable at the end of the year
190,300

 
$
50.04

 
1,271,266

 
$
36.07

 
1,292,806

 
$
35.17
Summary Of Options Outstanding Separated Into Ranges Of Exercise Prices
The options outstanding as of December 31, 2013, have been separated into ranges of exercise prices, as follows:

 
 
Options outstanding
 
Options exercisable
 
 
 
Exercise price
 
 
Number
of
options
 
Weighted average
remaining contractual
life (years)
 
Weighted average
exercise price per share
 
 
Number
of
options
 
Weighted average
exercise price
per share
$33.10 - $63.85
 
267,600

 
1.42
 
$
48.09

 
190,300

 
$
50.04
Compensation Expenses Before Tax
The expenses before tax were recorded as follows:

 
Year ended December 31,
 
2013
 
2012
 
2011
Cost of revenues
$
259

 
$
1,785

 
$
924

R&D and marketing expenses
62

 
425

 
458

General and administration expenses
119

 
818

 
614

 
$
440

 
$
3,028

 
$
1,996
Weighted Average Exercise Price And Fair Value Of Options Granted
The weighted average exercise price and fair value of options granted during the years ended December 31, 2013, 2012 and 2011 were:

 
Less than market price
Year ended December 31,
 
2013
 
2012
 
2011
Weighted average exercise price per share
$
39.60

 
$
35.21

 
$
50.74

Weighted average fair value per share on grant date
$
9.74

 
$
8.45

 
$
12.12
Computation Of Basic And Diluted Net Earnings Per Share
Computation of basic and diluted net earnings per share:

 
Year ended December 31,
2013
 
Year ended December 31, 2012
 
Year ended December 31, 2011
 
Net income
to shareholders
of ordinary
shares
 
Weighted
average
number
of
shares (*)
 
Per
Share
amount
 
Net income
to shareholders
of ordinary
shares
 
Weighted
average
number of
shares (*)
 
 
Per
Share
amount
 
Net income
to shareholders
of ordinary
shares
 
Weighted
average
number
of
shares (*)
 
Per
Share
amount
Basic net earnings
$
183,417

 
42,139

 
$
4.35

 
$
167,879

 
42,190

 
$
3.98

 
$
90,288

 
42,764

 
$
2.11

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
 

 
 

 
 

 
 

 
 

 
 

Employee stock options
—

 
156

 
 
 
—

 
87

 
 

 
—

 
367

 
 

Diluted net earnings
$
183,417

 
42,295

 
$
4.34

 
$
167,879

 
42,277

 
$
3.97

 
$
90,288

 
43,131

 
$
2.09


(*) In thousands