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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes the components of the Company’s stock-based compensation expense included in general and administrative expenses in the consolidated financial statements:
 
Three Months Ended
 
March 31,
 
2013
 
2012
 
(In millions)
Total stock-based compensation:
 
 
 
Equity classified awards
$
3.2

 
$
3.8

Liability classified awards
0.5

 
0.7

Total pretax compensation expense
3.7

 
4.5

Tax benefit
(1.4
)
 
(1.7
)
Total stock-based compensation expense, net of tax
$
2.3

 
$
2.8

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following summarizes the assumptions used in the Black-Scholes model:
 
Risk-free interest rate
0.78
%
Weighted average historical volatility
83.4
%
Dividend yield
4.15
%
Expected years until exercise
4.61

Forfeitures
11.0
%
Weighted average fair value of options granted
$
36.00

Schedule of Share-based Compensation, Stock Options, Activity
Option balances as of March 31, 2013 and activity related to the Company’s stock options during the three months then ended were as follows:
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted Average
Remaining
Contractual Term
(in Years)
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2012
 
958,246

 
$
39.67

 
 
 
 

Granted
 
81,328

 
72.28

 
 
 
 

Exercised
 
(78,445
)
 
38.48

 
 
 
 

Outstanding at March 31, 2013
 
961,129

 
42.53

 
6.8
 
$
25,500,000

Vested at March 31, 2013 and Expected to Vest
 
919,221

 
41.78

 
6.7
 
$
25,100,000

Exercisable at March 31, 2013
 
679,959

 
$
36.93

 
6.0
 
$
21,700,000

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Equity Classified Awards - Restricted Stock and Restricted Stock Units

Outstanding balances as of March 31, 2013 and activity related to restricted stock and restricted stock units for the three months then ended is as follows:
 
 
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
 
Restricted
Stock Units
 
Weighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2012
 
346,563

 
$44.74
 
33,242

 
$41.19
Granted
 
84,113

 
$72.18
 
14,379

 
$72.04
Conversion of cash-settled restricted stock units
 

 
 
37,184

 
$72.28
Released
 
(89,009
)
 
$29.23
 
(39,000
)
 
$54.66
Forfeited
 
(11,602
)
 
$47.27
 

 
Outstanding at March 31, 2013
 
330,065

 
$55.77
 
45,805

 
$64.57



Liability Classified Awards - Restricted Stock Units
 
 
Restricted
Stock Units
 
Weighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2012
 
37,184

 
$66.13
Conversion to stock-settled restricted stock units
 
(37,184
)
 
$72.28
Outstanding at March 31, 2013