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Shareholders' Equity (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Stockholders' Equity Note [Abstract] |
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| Schedule of stock options activity |
The following table summarizes activity related to stock options denominated in U.S. dollars for the year ended December 31, 2013. The Company began issuing these stock options subsequent to May 2007: | | | | | | | | | Number of Options | | Weighted Average Exercise Price | Outstanding, beginning of period | 1,413,408 |
| | $ | 21.18 |
| Granted | 379,520 |
| | $ | 56.05 |
| Exercised | (302,494 | ) | | $ | 9.36 |
| Forfeited | (94,290 | ) | | $ | 45.13 |
| Outstanding, end of period | 1,396,144 |
| | $ | 31.60 |
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| Summary of stock options outstanding by exercise price range |
The following table summarizes certain information about the U.S. dollar stock options outstanding at December 31, 2013: | | | | | | | | | | | | | | | | | Range of Exercise Price | Options Outstanding | | Weighted Average Remaining Contractual Life (Years) | | Weighted Average Exercise Price | | Options Exercisable | | Weighted Average Exercise Price | $6.39 - $15.26 | 291,992 |
| | 2.73 | | $ | 10.08 |
| | 243,532 |
| | $ | 9.08 |
| $15.27 - $25.85 | 392,082 |
| | 4.09 | | $ | 23.88 |
| | 187,060 |
| | $ | 23.34 |
| $25.86 - $40.17 | 357,240 |
| | 5.10 | | $ | 34.29 |
| | 93,058 |
| | $ | 33.59 |
| $40.18 - $55.78 | 43,440 |
| | 5.92 | | $ | 47.19 |
| | 7,250 |
| | $ | 45.34 |
| $55.79 - $56.25 | 311,390 |
| | 6.18 | | $ | 56.25 |
| | — |
| | $ | — |
| $6.39 - $56.25 | 1,396,144 |
| | 4.59 | | $ | 31.60 |
| | 530,900 |
| | $ | 18.89 |
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| Schedule of restricted stock units activity |
The table below summarizes the number of time-based and performance-based RSUs that were granted and outstanding under both plans for the year ended December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | LTIP Plan | | Assumed Plans | | Number of Restricted Stock Units | | Number of Restricted Stock Units | | Time-Based | | Performance - Based | | Weighted Average Grant Date Fair Value Per Unit | | Time-Based | | Performance - Based | | Weighted Average Grant Date Fair Value Per Unit | Granted | 251,970 |
| | 253,980 |
| | $ | 56.25 |
| | 140,938 |
| | 27,654 |
| | $ | 55.19 |
| Outstanding | 684,538 |
| | 650,156 |
| | — |
| | 201,782 |
| | 11,874 |
| | — |
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The following table summarizes the information about RSUs for the year ended December 31, 2013 under the plans: | | | | | | | | | | | | | | | | LTIP Plan | | Assumed Plans | | Number of Restricted Stock Units | | Weighted Average Grant Date Fair Value Per Unit | | Number of Restricted Stock Units | | Weighted Average Grant Date Fair Value Per Unit | Nonvested balance as of the beginning of the period | 1,374,530 |
| | $ | 27.10 |
| | 241,974 |
| | $ | 45.13 |
| Granted | 505,950 |
| | $ | 56.25 |
| | 168,592 |
| | $ | 55.19 |
| Vested | (464,740 | ) | | $ | 19.04 |
| | (33,160 | ) | | $ | 45.21 |
| Forfeited | (81,046 | ) | | $ | 40.51 |
| | (163,750 | ) | | $ | 47.84 |
| Nonvested balance as of the end of the period | 1,334,694 |
| | 40.14 |
| | 213,656 |
| | $ | 50.98 |
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| Schedule of allocated stock-based compensation |
The Company allocated stock-based compensation costs to the same statement of operations line item as the cash compensation to those employees. Accordingly, the allocation of the compensation costs is as follows for the years ended December 31, 2013, 2012, and 2011 (in thousands): | | | | | | | | | | | | | | 2013 | | 2012 | | 2011 | Cost of revenue | $ | 1,404 |
| | $ | 687 |
| | $ | 650 |
| Selling, general and administrative | 24,158 |
| | 16,980 |
| | 8,795 |
| Total stock-based compensation | $ | 25,562 |
| | $ | 17,667 |
| | $ | 9,445 |
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| Schedule of fair value assumptions |
The Black-Scholes-Merton option-pricing model was used to estimate the fair value of the options at grant date for the years ended December 31, 2013, 2012, and 2011, based on the following assumptions: | | | | | | | | | | | | | | 2013 | | 2012 | | 2011 | Volatility | 41.4-45.4% |
| | 47.2-49.2% |
| | 48.6 - 51.9% |
| Risk-free interest rate | 0.81-1.74% |
| | 0.65-0.83% |
| | 0.86 - 2.16% |
| Expected life | 4.5 years |
| | 4.5 years |
| | 4.5 years |
| Dividend yield | — |
| | — |
| | — |
| Weighted average grant date fair value: | |
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| U.S. dollar stock options | $ | 21.33 |
| | $ | 14.70 |
| | $ | 10.81 |
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