Quarterly report pursuant to Section 13 or 15(d)

Share-based compensation (Tables)

v2.4.0.6
Share-based compensation (Tables)
3 Months Ended
Sep. 30, 2012
Stock Option Activity

Option activity under the Company’s stock option plans during the quarter ended September 30, 2012 was as follows:

 

     Shares
(in
thousands)
    Weighted
Average

Exercise
Price
     Weighted
Average
Contractual
Life (Yrs.)
     Aggregate
Intrinsic

Value
 

Outstanding at June 30, 2012

     575      $ 65.78         

Granted

     5      $ 74.05         

Exercised

     (2   $ 55.11         
  

 

 

         

Outstanding at September 30, 2012

     578      $ 65.90         5.5       $ 4.1 million   
  

 

 

         

Exercisable at September 30, 2012

     405      $ 62.84         5.5       $ 3.9 million   
  

 

 

         
Assumptions Used in Black-Scholes Option-Pricing Model

The fair value of options granted under the Company’s stock option plans was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used:

 

     Quarter
Ended
 
     September 30,  
     2012     2011  

Dividend yield

     1.5     1.4

Expected annualized volatility

     23     23

Risk free interest rate

     0.5     1.4

Expected life

     4  years      4  years