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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Share Based Compensation [Abstract]  
Summary of Restricted Stock and Performance Unit Award Activity

The following table presents restricted stock and performance unit award activity for the three months ended March 31, 2018:

 

 

 

Restricted Stock

 

 

Performance Units

 

 

 

Shares

 

 

Weighted Average Grant-

Date Fair Value

 

 

Shares

 

 

Weighted Average Grant-

Date Fair Value

 

Outstanding at January 1, 2018

 

 

739,732

 

 

$

77.23

 

 

 

226,558

 

 

$

77.07

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

(3,194

)

 

 

74.23

 

 

 

 

 

 

 

Forfeitures

 

 

(1,182

)

 

 

78.05

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

 

735,356

 

 

$

77.24

 

 

 

226,558

 

 

$

77.07

 

 

Compensation Expense For Restricted Stock and Performance Units

Our share-based compensation expense is recorded in "Selling, general, and administrative expenses." Compensation expense for share-based awards recognized in the Consolidated Statements of Income, net of forfeitures, was as follows (dollars in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Restricted stock

 

$

3.9

 

 

$

3.4

 

Performance units

 

 

1.2

 

 

 

1.2

 

Total share-based compensation expense

 

 

5.1

 

 

 

4.6

 

Income tax benefit

 

 

(1.3

)

 

 

(1.8

)

Share-based compensation expense, net of tax benefit

 

$

3.8

 

 

$

2.8

 

 

Unrecognized Compensation For Restricted Stock and Performance Units

The unrecognized compensation expense for all share-based awards at March 31, 2018 was as follows (dollars in millions):

 

 

 

March 31, 2018

 

 

 

Unrecognized

Compensation

Expense

 

 

Remaining

Weighted Average

Recognition

Period (in years)

 

Restricted stock

 

$

26.7

 

 

2.3

 

Performance units

 

 

8.7

 

 

 

2.6

 

Total unrecognized share-based compensation expense

 

$

35.4

 

 

 

2.4