Annual report pursuant to Section 13 and 15(d)

Equity-Based Compensation (Tables)

v3.6.0.2
Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Equity Based Compensation [Abstract]  
Schedule Of Remaining Unrecognized Compensation Expense For Unvested Awards



 

 



 

 

2017

 

$         15,765

2018

 

13,306 

2019

 

9,778 

2020

 

3,642 

2021+

 

1,978 



 

$         44,469



 

 

The cost above is expected to be recognized over a weighted-average period of 3.3 years.

 

 



 

 



Schedule Of Fair Value Assumptions



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Year ended

 

 



 

 

 

 

 

 

 

 



 

2014

 

2015

 

2016

 

 



 

 

 

 

 

 

 

 

Expected volatility (1)

 

40.2% 

 

44.0% 

 

47.5% 

 

 

Risk-free interest rate (2)

 

1.2% 

 

1.3% 

 

1.1% 

 

 

Expected life (3)

 

3.6 yrs.

 

3.8 yrs.

 

3.7 yrs.

 

 

Expected dividend yield (4)

 

0.0% 

 

0.0% 

 

0.0% 

 

 

Weighted-average exercise price (5)

 

$60.61 

 

$67.71 

 

$63.16 

 

 



 

 

 

 

 

 

 

 

(1) The Company utilizes historical volatility of the trading price of its common stock.

 

(2) Risk-free interest rate is based on the U.S. Treasury yield curve with respect to the expected life of the award.

 

(3) Depending upon the terms of the award, one of two methods will be used to calculate expected life:

 

  (i) a weighted-average that includes historical settlement data of the Company’s equity awards and a

 

  hypothetical holding period, or (ii) the simplified method.

 

(4) The Company historically has not paid and currently has no plan to pay dividends.

 

 

(5) Exercise price is the closing price of the Company's common stock on the date of grant.

 

 



 

 



Schedule Of Stock Option Activity



 

 

 

 

 

 

 

 

 



 

Shares

 

Weighted-average exercise price

 

Weighted-average remaining contractual term

 

Aggregate intrinsic value*

 

Outstanding at January 2, 2016

 

4,351 

 

$          47.34

 

3.3 

 

$        83,475

 

Granted

 

742 

 

63.16 

 

 

 

 

 

Exercised

 

(971)

 

25.68 

 

 

 

 

 

Forfeited

 

(731)

 

58.05 

 

 

 

 

 

Expired

 

 -

 

 -

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

3,391 

 

$          54.69

 

3.1 

 

$        36,169

 



 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2016

 

335 

 

$          37.69

 

1.6 

 

$          8,112