text: The weighted-average fair value per option at the grant date was $16, $14 and $15 in 2014, 2013 and 2012. In 2014, 2013 and 2012, stock 
  option awards to employees were approved by the Compensation Committee of our Board of Directors and their exercise price was set at 
  $61, $54 and $53, the closing price of our common stock on March 3, 2014, March 4, 2013 and February 22, 2012 (the dates of grant). The 
  awards are determined based upon a percentage of the recipients’ base salaries’ and the fair value of the stock options. Options vest over 
  four years, and expire 10 years after the date of grant. In 2014, we awarded stock options to 1,799 employees, compared with 1,625 and 
  1,477 employees in 2013 and 2012. 
  
  A summary of stock option activity (excluding Trunk Club) for 2014 is presented below: 