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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options Activity
 
Shares under option
(thousands)
 
Weighted average exercise price
 
Weighted average remaining contractual life
(in years)
 
Aggregate intrinsic value
(in millions)
Outstanding and exercisable at December 31, 2015
1,267

 
$
16.59

 
0.9
 
$
33.7

Exercised
(165
)
 
$
16.81

 
 
 

Outstanding and exercisable at March 31, 2016
1,102

 
$
16.56

 
0.7
 
$
24.1

Exercised
(224
)
 
$
14.67

 
 
 
 
Outstanding and exercisable at June 30, 2016
878

 
$
17.04

 
0.5
 
$
10.9
Nonvested Restricted Stock Activity
 
Shares subject to restriction
(thousands)
 
Weighted average price
Nonvested at December 31, 2015
1,326

 
$
53.18

Granted
668

 
$
29.61

Vested
(493
)
 
$
46.06

Forfeited
(19
)
 
$
42.84

Nonvested at March 31, 2016
1,482

 
$
45.03

Granted
25

 
$
38.62

Vested
(55
)
 
$
60.23

Forfeited
(12
)
 
$
47.22

Nonvested at June 30, 2016
1,440

 
$
44.32


Performance Shares The 2004 and 2014 Plans provide for granting of performance shares to employees. The Company has established a performance share program to reward members of senior management based on the Company's performance in terms of total shareholder return relative to a peer group of automotive companies and revenue growth relative to the vehicle market.
 
The Company recorded performance share compensation expense of $4.2 million and $7.2 million for the three and six months ended June 30, 2016, respectively, and $2.9 million and $6.5 million for the three and six months ended June 30, 2015, respectively.