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SHARE-BASED AWARDS (Tables)
12 Months Ended
Dec. 31, 2015
SHARE-BASED AWARDS  
Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

Weighted

 

 

 

 

 

 

 

 

 

1998

 

 

 

Average

 

Average

 

Aggregate

 

 

 

2007

 

1998

 

Director

 

Total

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Plan

 

Plan

 

Plan

 

Shares

 

Price

 

Life

 

Value

 

Outstanding at December 31, 2014

 

657

 

132

 

63

 

852

 

$

21.24

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

(254

)

(85

)

(47

)

(386

)

$

20.44

 

 

 

 

 

Forfeited and expired

 

 

(5

)

 

(5

)

$

22.80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

403

 

42

 

16

 

461

 

$

21.90

 

3.8

 

$

9,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2015

 

403

 

42

 

16

 

461

 

$

21.90

 

3.8

 

$

9,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Vested Restricted Stock Unit Activity

 

 

 

 

2007 Plan
Restricted
Stock Units

 

Weighted
Average Grant-
Date Fair Value

 

Outstanding at December 31, 2014

 

678

 

$

24.78

 

Granted

 

250

 

37.19

 

Vested

 

(232

)

24.99

 

Canceled

 

(18

)

27.46

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

678

 

$

29.21

 

 

 

 

 

 

 

 

 

Summary of Compensation Cost and Other Measures Related to Share-Based Payments

 

 

 

 

Years Ended December 31,

 

 

 

2015

 

2014

 

2013

 

Share-based expense (net of estimated forfeitures):

 

 

 

 

 

 

 

Non-vested stock and restricted stock units

 

$

12.2

 

$

8.4

 

$

5.5

 

Stock options

 

 

0.3

 

0.4

 

 

 

 

 

 

 

 

 

Total share-based expense

 

12.2

 

8.7

 

5.9

 

Total recognized tax benefit

 

(4.8

)

(3.4

)

(2.2

)

 

 

 

 

 

 

 

 

Total Share-based expense (net of tax)

 

$

7.4

 

$

5.3

 

$

3.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash received by Matson upon option exercise

 

$

2.2

 

$

5.8

 

$

1.7

 

Intrinsic value of options exercised

 

$

9.2

 

$

3.4

 

$

1.1

 

Tax benefit realized upon option exercise

 

$

3.4

 

$

1.9

 

$

1.7

 

Fair value of stock vested

 

$

8.6

 

$

5.0

 

$

4.4