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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