Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Stock-Based Compensation  
Schedule of stock-based compensation expense

Our stock-based compensation expense is as follows for the three months ended March 31, 2014 (in thousands):

 

Profits interests awards (see note 1)

$

28,689

 

Restricted stock awards

 

309

 

Stock options

 

139

 

Total expense

$

29,137

 

 

Summary of restricted stock and restricted stock unit awards activity

 

 

 

 

Number of
shares

 

 

Weighted
average
grant date
fair value

 

 

Aggregate
intrinsic value
(in thousands)

 

Total granted and unvested, December 31, 2013

 

45,093

 

$

54.27

 

$

2,861

 

Granted

 

13,795

 

$

56.82

 

 

863

 

Vested

 

 

 

 

 

 

 

 

Forfeited

 

(2,050

)

$

55.63

 

 

(128

)

Total awarded and unvested—March 31, 2014

 

56,838

 

$

54.27

 

$

3,558

 

 

Summary of stock option activity

 

 

 

 

Stock
options

 

Weighted
average
exercise
price

 

Weighted
average
remaining
contractual
life

 

Intrinsic
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 March 31, 2014

 

70,339

$

54.15

 

9.54

$

594

 

Expected to vest as of March 31, 2014

 

70,339

$

54.15

 

9.54

$

594

 

Exercisable at March 31, 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