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Share-based Compensation
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3 Months Ended |
|---|---|
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Sep. 30, 2014
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| Share-based Compensation |
Note 4. Share-based Compensation: During the quarters ended September 30, 2014 and 2013, the Company granted 467,000 and 135,000 stock options at weighted average grant prices of $93.95 and $76.02 and weighted average fair values of $13.93 and $13.94, respectively. During the quarter ended September 30, 2014, the Company granted 34,000 restricted stock units at a weighted average fair value of $93.70. The Company did not grant any restricted stock units during the quarter ended September 30, 2013. Stock-based compensation expense of $1.4 million and $0.6 million was included in selling, general and administrative expenses for the quarters ended September 30, 2014 and 2013, respectively. As of September 30, 2014, there was $9.7 million of unrecognized compensation cost related to non-vested stock options, non-vested restricted stock units and non-vested restricted stock. The weighted average period over which the compensation cost is expected to be recognized is 1.5 years. Stock options for 28,000 and 19,000 shares of common stock with total intrinsic values of $0.8 million and $0.2 million were exercised during the quarters ended September 30, 2014 and 2013, respectively. |