v3.2.0.727
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2015
Stockholders' Equity and Stock-based Compensation Disclosure [Abstract]  
Summary Of Activity Related To Stock Option Plans
A summary of the activities related to the Company’s stock option plans, as adjusted for the Stock Split, is as follows:
 
 
 
Options Outstanding
 
 
 
 
 
Shares
Available
for Grant
 
Number of
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-Average Remaining
Contractual Term
(in Years)
 
Aggregate
Intrinsic Value
(in Thousands)
Balances as of December 31, 2014
20,025,208

 
22,845,417

 
$
21.65

 
 
 
 
Granted
(1,916,299
)
 
1,916,299

 
66.07

 
 
 
 
Exercised


 
(3,093,944
)
 
11.01

 
 
 
 
Balances as of June 30, 2015
18,108,909

 
21,667,772

 
$
27.09

 
6.40
 
$
1,446,423

Vested and exercisable as of June 30, 2015
 
 
21,667,772

 
$
27.09

 
6.40
 
$
1,446,423

Summary Of Assumptions Used To Value Stock Option Grants Using Lattice-Binomial Model
The following table summarizes the assumptions used to value stock option grants using the lattice-binomial model and the valuation data, as adjusted for the Stock Split:
 
Three Months Ended
 
Six Months Ended
 
June 30,
2015
 
June 30,
2014
 
June 30,
2015
 
June 30,
2014
Dividend yield
%
 
%
 
%
 
%
Expected volatility
36
%
 
45
%
 
36
%
 
 45% - 48%

Risk-free interest rate
2.05
%
 
2.66
%
 
2.03% - 2.05%

 
2.66% - 2.83%

Suboptimal exercise factor
2.47

 
2.66 - 4.20

 
2.47 -2.48

 
2.66 - 4.20

Valuation data:
 
 
 
 
 
 
 
Weighted-average fair value (per share)
$
32.52

 
$
28.13

 
$
29.24

 
$
29.69

Total stock-based compensation expense (in thousands)
$
28,590

 
$
29,285

 
$
56,031

 
$
55,110

Total income tax benefit related to stock options (in thousands)
$
10,796

 
$
11,225

 
$
21,188

 
$
21,124