XML 41 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock Compensation Plan (Tables)
3 Months Ended
Mar. 31, 2015
Stock Compensation Plans.  
Schedule of stock-based compensation expense and related income tax benefits

 

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

Stock-based compensation expense

 

$

1.9

 

$

1.4

 

Income tax benefit

 

(0.7

)

(0.5

)

Stock-based compensation, net of Income tax benefit

 

$

1.2

 

$

0.9

 

 

 

 

Schedule of total compensation costs related to the Company's equity awards and amounts recognized

 

 

 

 

Stock Options
and SARs

 

Performance
Shares and Restricted
Stock

 

Unrecognized compensation cost — December 31, 2014

 

$
1.1

 

$
2.2

 

Grant date fair value of current year grants

 

1.4

 

2.1

 

Compensation expense recognized

 

(0.9

)

(1.0

)

Unrecognized compensation cost —March 31, 2015

 

$
1.6

 

$
3.3

 

Expected amortization period (in years)

 

2.2

 

2.2

 

 

 

Schedule of stock options awarded

 

 

 

Options granted

 

87,900 

 

Per share weighted average exercise price

 

$

59.72 

 

Per share weighted average grant date fair value

 

$

16.47 

 

 

 

Schedule of assumptions used to determine the grant date fair value of options granted

 

 

Expected term in years

 

5.8 

 

Risk free interest rate

 

1.4 

%

Volatility

 

34.4 

%

Dividend yield

 

2.0 

%

 

 

Schedule of stock options and SARs vested during the period

 

 

 

Options vested

 

89,600 

 

Aggregate grant date fair value of Options vested

 

$

0.9 

 

 

 

 

Schedule of outstanding stock options and SARs

 

 

 

March 31, 2015

 

December 31, 2014

 

Options vested or expected to vest

 

619,500 

 

601,100 

 

Aggregate intrinsic value

 

$

19.7 

 

$

20.3 

 

Per share weighted average grant date fair value

 

$

30.78 

 

$

26.46 

 

Exercisable Options

 

314,600 

 

292,900 

 

Aggregate intrinsic value

 

$

12.4 

 

$

11.4 

 

Unvested Options

 

309,500 

 

311,100 

 

Per share weighted average grant date fair value

 

$

12.17 

 

$

10.37