Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Stock-Based Compensation  
Schedule of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2017

    

2016

 

2017

    

2016

Stock-based compensation expense

 

$

7,945

 

$

6,703

 

$

15,403

 

$

18,318

Tax effect on stock-based compensation expense

 

 

(2,983)

 

 

(2,681)

 

 

(5,784)

 

 

(7,327)

Net effect on income

 

$

4,962

 

$

4,022

 

$

9,619

 

$

10,991

 

Schedule of weighted average assumptions used to value options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

    

2017

    

2016

    

 

2017

    

2016

    

Grant date fair value of options

 

$

 —

 

$

13.26

 

 

$

14.51

 

$

9.49

 

Volatility

 

 

 —

%  

 

42.4

%  

 

 

43.8

%  

 

42.2

%  

Risk-free interest rate

 

 

 —

%  

 

1.4

%  

 

 

2.1

%  

 

1.4

%  

Dividend yield

 

 

 —

%  

 

 —

%  

 

 

 —

%  

 

 —

%  

Expected term (in years)

 

 

 —

 

 

6.2

 

 

 

6.3

 

 

6.3

 

 

Summary of option activity under the Company's plans

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-Average

    

 

 

 

 

 

 

Weighted-

 

Remaining

 

 

 

 

 

 

 

Average

 

Contractual Life

 

Aggregate

 

 

Options

 

Exercise Price

 

(Years)

 

Intrinsic Value

Outstanding as of December 31, 2016

 

3,033,194

 

$

16.33

 

4.3

 

$

63,264

  Granted

 

75,238

 

 

31.70

 

 

 

 

 

  Exercised

 

(208,334)

 

 

9.12

 

 

 

 

 

  Forfeited

 

(9,062)

 

 

45.81

 

 

 

 

 

Outstanding as of March 31, 2017

 

2,891,036

 

 

17.15

 

4.5

 

 

50,792

  Granted

 

 —

 

 

 —

 

 

 

 

 

  Exercised

 

(84,949)

 

 

8.46

 

 

 

 

 

  Forfeited

 

(1,667)

 

 

32.46

 

 

 

 

 

Outstanding as of June 30, 2017

 

2,804,420

 

 

17.41

 

4.3

 

 

66,206

Options exercisable

 

2,549,439

 

 

15.85

 

3.8

 

 

63,824

 

Summary of the activity for unvested restricted stock units and awards granted under the Company's plans

 

 

 

 

 

 

 

    

    

    

Weighted-

 

 

 

 

Average Grant

 

 

Number of

 

Date Fair Value

 

 

Shares

 

per Share

Outstanding as of December 31, 2016

 

1,894,759

 

$

30.40

Granted

 

872,941

 

 

31.89

Vested

 

(526,572)

 

 

31.68

Forfeited

 

(20,084)

 

 

27.52

Outstanding as of March 31, 2017

 

2,221,044

 

 

31.98

Granted

 

47,700

 

 

35.05

Vested

 

(199,163)

 

 

30.59

Forfeited

 

(45,683)

 

 

30.11

Outstanding as of June 30, 2017

 

2,023,898

 

 

32.17