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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Compensation  
Schedule of compensation expense for all share-based compensation plans

 

 

 
  Years Ended December 31  
(in millions, except per share amounts)
  2011   2010   2009  

Pre-tax compensation expense

  $ 6.6   $ 5.3   $ 7.2  

After-tax compensation expense

 
$

4.1
 
$

3.6
 
$

4.5
 

Impact on diluted EPS

 
$

0.07
 
$

0.06
 
$

0.07
 
Schedule of weighted-average assumptions for stock options

 

 

 
  Years Ended December 31  
 
  2011   2010   2009  

Expected dividend yield

    1.7 %   1.9 %   3.2 %

Expected life in years

    5.76     5.75     5.64  

Expected volatility

    32.0 %   32.7 %   36.4 %

Risk-free interest rate

    2.2 %   2.7 %   2.0 %

Weighted average fair value

  $ 10.61   $ 9.70   $ 4.99  
Schedule of stock option activity under the Company's stock option awards

 

 

 
  Number of
Shares
  Weighted Average
Exercise Price
 

Outstanding at December 31, 2008

    2,814,003   $ 33.91  

Options granted

    1,602,895     19.60  

Options exercised

    (75,718 )   18.42  

Option expired

    (20,000 )   22.78  

Options forfeited

    (165,610 )   24.78  
           

Outstanding at December 31, 2009

    4,155,570   $ 29.09  

Options granted

    610,020     34.05  

Options exercised

    (325,883 )   24.68  

Options forfeited

    (204,304 )   24.32  
           

Outstanding at December 31, 2010

    4,235,403   $ 30.38  

Options granted

    637,255     38.23  

Options exercised

    (552,639 )   27.61  

Options forfeited

    (227,404 )   29.13  
           

Outstanding at December 31, 2011

    4,092,615   $ 32.05  
           
Schedule of activity related to restricted stock

 

 

 
  Number of
Shares
  Weighted Average
Grant Date
Fair Value
 

Outstanding at December 31, 2008

    473,950   $ 37.06  

Shares granted

    275,005     18.57  

Shares vested

    (95,410 )   36.92  

Shares forfeited

    (27,975 )   34.50  
           

Outstanding at December 31, 2009

    625,570   $ 29.07  
           

Shares granted

    101,785     34.21  

Shares vested

    (94,790 )   40.87  

Shares forfeited

    (7,925 )   30.59  
           

Outstanding at December 31, 2010

    624,640   $ 28.10  
           

Shares granted

    111,685     38.31  

Shares vested

    (188,195 )   34.80  

Shares forfeited

    (19,555 )   20.33  
           

Outstanding at December 31, 2011

    528,575   $ 27.83  
           
Schedule of activity related to performance shares

 

 

 
  Number of
Shares
 

Outstanding at December 31, 2009

     

Shares granted

    101,785  

Shares forfeited

    (2,950 )
       

Outstanding at December 31, 2010

    98,835  
       

Shares granted

    109,075  

Shares forfeited

    (10,255 )
       

Outstanding at December 31, 2011

    197,655