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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation  
Schedule of compensation expense

 

 
  Years Ended December 31  
(in millions, except per share amounts)
  2013   2012   2011  

Pre-tax compensation expense

  $ 4.9   $ 7.5   $ 6.6  

After-tax compensation expense

  $ 3.0   $ 4.7   $ 4.1  

Impact on diluted EPS

  $ 0.05   $ 0.07   $ 0.07  
Schedule of weighted-average assumptions for stock options

 

 
  Years Ended December 31  
 
  2013   2012   2011  

Expected dividend yield

    1.2 %   1.5 %   1.7 %

Expected life in years

    5.71     5.78     5.76  

Expected volatility

    32.2 %   36.0 %   32.0 %

Risk-free interest rate

    1.0 %   0.9 %   2.2 %

Weighted average fair value

  $ 17.58   $ 14.57   $ 10.61  
Schedule of stock option activity under the Company's stock option awards

 

 

 
  Number of
Shares
  Weighted Average
Exercise Price
 

Outstanding at December 31, 2010

    4,235,303   $ 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

    4,092,515   $ 32.05  

Options granted

    488,805     49.58  

Options exercised

    (1,265,768 )   28.45  

Options forfeited

    (90,421 )   39.67  
           
​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2012

    3,225,131   $ 35.88  
           
​ ​ ​ ​ ​ ​ ​ ​

Options granted

    283,975     64.80  

Options exercised

    (472,040 )   33.81  

Options forfeited

    (44,059 )   48.47  
           
​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2013

    2,993,007   $ 38.76  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of activity related to restricted stock

 

 

 
  Number of
Shares
  Weighted Average
Grant Date
Fair Value
 

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  
           
​ ​ ​ ​ ​ ​ ​ ​

Shares granted

    85,990     49.60  

Shares vested

    (305,850 )   21.82  

Shares forfeited

    (24,480 )   12.18  
           
​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2012

    284,235   $ 25.99  
           
​ ​ ​ ​ ​ ​ ​ ​

Shares granted

    71,255     64.80  

Shares vested

    (109,445 )   34.08  

Shares forfeited

    (5,055 )   47.85  
           
​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2013

    240,990   $ 49.66  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of activity related to performance shares

 

 
  Number of
Performance
Units
  2013
Awards
  2012
Awards
  2011
Awards
  2010
Awards
 

Outstanding at December 31, 2010

    98,835     —     —     —     98,835  

Units granted

    109,075     —     —     109,075     —  

Units forfeited

    (10,255 )   —     —     (6,135 )   (4,120 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2011

    197,655     —     —     102,940     94,715  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Units granted

    85,990     —     85,990     —     —  

Units converted to shares

    86,385     —     —     —     86,385  

Units vested and issued

    (90,832 )   —     —     —     (90,832 )

Units vested and deferred

    (24,388 )   —     —     —     (24,388 )

Units forfeited

    (24,080 )   —     (6,650 )   (9,100 )   (8,330 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2012

    230,730     —     79,340     93,840     57,550  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Units granted

    71,255     71,255     —     —     —  

Units converted to shares

    89,610     —     —     89,610     —  

Units vested and issued

    (45,544 )   —     —     —     (45,544 )

Units vested and deferred

    (12,006 )   —     —     —     (12,006 )

Units forfeited

    (5,055 )   (1,080 )   (1,745 )   (2,230 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2013

    328,990     70,175     77,595     181,220     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​