Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Stock-Based Compensation  
Schedule of stock-based compensation expense

 

 

 

 

 

Profits interests awards (see note 1)

    

$

68,456 

 

Restricted stock awards

 

 

16,993 

 

Stock options

 

 

372 

 

Total expense

 

$

85,821 

 

 

Summary of restricted stock and restricted stock unit awards activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted
average

 

Aggregate

 

 

    

Number of
shares

    

grant date
fair value

    

intrinsic value
(in thousands)

  

Total awarded and unvested, December 31, 2013

 

45,093 

 

$

54.27 

 

$

2,861 

 

Granted

 

1,954,815 

 

$

64.92 

 

$

107,300 

 

Vested

 

(139)

 

$

53.52 

 

$

(8)

 

Forfeited

 

(4,549)

 

$

59.60 

 

$

(250)

 

Total awarded and unvested—September 30, 2014

 

1,995,220 

 

$

64.74 

 

$

109,518 

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted
average

 

average
remaining

 

Intrinsic

 

 

    

Stock
options

    

exercise
price

    

contractual
life

    

value
(in thousands)

  

Outstanding at December 31, 2013

 

70,339 

 

$

54.15 

 

9.79 

 

$

653 

 

Options granted

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

 

Options cancelled

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

Outstanding at September 30, 2014

 

70,339 

 

$

54.15 

 

9.04 

 

$

52 

 

Expected to vest as of  September 30, 2014

 

70,339 

 

$

54.15 

 

9.04 

 

$

52 

 

Exercisable at September 30, 2014

 

 

 

 

 

 

 

 

Schedule of information regarding weighted average fair value of options granted and the assumptions used to determine fair value

 

 

 

 

 

Dividend yield

    

 

%  

Volatility

 

 

35 

%  

Risk-free interest rate

 

 

1.48 

%  

Expected life (years)

 

 

6.17 

 

Weighted average fair value of options granted

 

$

20.20