XML 51 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies - Stock-Based Compensation (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Employee stock-based awards    
Weighted Average Common Shares Outstanding-Basic (in shares) 263,855,000 211,526,000
Stock-based compensation $ 6,549 $ 6,885
Stock-based compensation expense (income), net of tax $ 4,585 $ 4,914
Stock-based compensation expense per basic and diluted share (in dollars per share) $ 0.02 $ 0.02
Excess tax (deficiency) benefits from stock-based compensation $ 0 $ (348)
Certain options as a percentage of total outstanding options 100.00%  
Summary of option activity    
Options outstanding balance, end of period (in shares) 4,314,629  
Share-Based Compensation, aggregate disclosures    
Employee stock-based awards, unrecognized compensation costs on nonvested awards $ 61,990  
Employee stock-based awards, unrecognized compensation costs on nonvested awards, weighted average period of recognition 2 years 4 months 24 days  
Continuing Operations    
Employee stock-based awards    
Stock-based compensation $ 6,549 6,885
Continuing Operations | Cost of sales (excluding depreciation and amortization)    
Employee stock-based awards    
Stock-based compensation 28 27
Continuing Operations | Selling, general and administrative expenses    
Employee stock-based awards    
Stock-based compensation $ 6,521 $ 6,858
Three year vesting options    
Employee stock-based awards    
Certain options as a percentage of total outstanding options 83.40%  
Summary of option activity    
Options outstanding balance, end of period (in shares) 3,597,671  
Five year vesting options    
Employee stock-based awards    
Certain options as a percentage of total outstanding options 14.50%  
Summary of option activity    
Options outstanding balance, end of period (in shares) 626,204  
Ten year vesting options    
Employee stock-based awards    
Certain options as a percentage of total outstanding options 2.10%  
Summary of option activity    
Options outstanding balance, end of period (in shares) 90,754  
Stock Options    
Employee stock-based awards    
Weighted average fair value of options granted (in dollars per share) $ 4.26 $ 2.49
Weighted average assumptions used for grants    
Expected volatility (as a percent) 25.80% 27.20%
Risk-free interest rate (as a percent) 1.96% 1.32%
Expected dividend yield (as a percent) 6.00% 7.00%
Expected life of the option 5 years 1 day 5 years 6 months 29 days
Summary of option activity    
Options outstanding balance, beginning of period (in shares) 3,451,698  
Options granted (in shares) 1,007,224  
Options exercised (in shares) (136,739)  
Options forfeited (in shares) (5,773)  
Options expired (in shares) (1,781)  
Options outstanding balance, end of period (in shares) 4,314,629  
Options exercisable balance (in shares) 2,126,229  
Options expected to vest (in shares) 2,022,212  
Weighted Average Exercise Price    
Weighted average exercise price, options outstanding balance beginning of period (in dollars per share) $ 31.79  
Weighted average exercise price, options granted (in dollars per share) 36.89  
Weighted average exercise price, options exercised (in dollars per share) 22.24  
Weighted average exercise price, options forfeited (in dollars per share) 28.21  
Weighted average exercise price, options expired (in dollars per share) 38.83  
Weighted average exercise price, options outstanding balance end of period (in dollars per share) 33.29  
Weighted average exercise price, options exercisable (in dollars per share) 30.09  
Weighted average exercise price, options expected to vest (in dollars per share) $ 36.41  
Weighted average remaining contractual term    
Weighted average remaining contractual term, options outstanding 7 years 6 months 26 days  
Weighted average remaining contractual term, options exercisable 5 years 10 months 2 days  
Weighted average remaining contractual term, options expected to vest 9 years 2 months 27 days  
Aggregate intrinsic value    
Aggregate intrinsic value, options outstanding $ 17,780  
Aggregate intrinsic value, options exercisable 15,685  
Aggregate intrinsic value, options expected to vest 1,955  
Aggregate intrinsic value of stock options exercised    
Aggregate intrinsic value of stock options exercised $ 1,912 $ 1,433
Employee Stock Purchase Plan    
Employee Stock Purchase Plan    
Percentage of market price for the purchase of shares 95.00%  
Employee stock purchase plan, shares available for grant 727,594  
Performance units    
Dividends accrued    
Accrued cash dividends $ 324 262
Cash dividends paid $ 205 645
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options    
Non-vested at the beginning of the period (in shares) 438,302  
Granted (in shares) 229,692  
Vested (in shares) (32,776)  
Forfeited (in shares) (132,509)  
Non-vested at the end of the period (in shares) 502,709  
Weighted average grant date fair value    
Weighted average grant date fair value, non-vested, beginning of period (in dollars per share) $ 33.67  
Weighted average grant date fair value, granted (in dollars per share) 41.93  
Weighted average grant date fair value, vested (in dollars per share) 27.60  
Weighted average grant date fair value, forfeited (in dollars per share) 28.57  
Weighted average grant date fair value, non-vested, end of period (in dollars per share) $ 39.18  
Total fair value of shares or units vested $ 905 4,081
Performance units disclosure    
Period of anniversary from the date of grant 3 years  
Qualifying age for grant of performance units 55 years  
Qualifying service period 10 years  
Performance units | PUs granted in 2015    
Performance units disclosure    
Percentage of achievement of the predefined revenue and ROIC targets 25.00%  
Performance units | Two Thousand Sixteen [Member] [Member]    
Performance units disclosure    
Percentage of achievement of the predefined revenue and ROIC targets 100.00%  
Performance units | Two Thousand Seventeen [Member]    
Performance units disclosure    
Percentage of achievement of the predefined revenue and ROIC targets 100.00%  
Performance units | Revenue or revenue growth and return on invested capital    
Performance units disclosure    
Performance period 3 years  
Performance units | Market condition associated with shareholder return of common stock    
Performance units disclosure    
Performance period 3 years  
Performance units | Minimum | Revenue or revenue growth and return on invested capital    
Performance units disclosure    
Percentage payout rate 0.00%  
Performance units | Minimum | Market condition associated with shareholder return of common stock    
Performance units disclosure    
Percentage payout rate 0.00%  
Performance units | Maximum | Revenue or revenue growth and return on invested capital    
Performance units disclosure    
Percentage payout rate 200.00%  
Performance units | Maximum | Market condition associated with shareholder return of common stock    
Performance units disclosure    
Percentage payout rate 200.00%  
Original PU Awards    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options    
Non-vested at the beginning of the period (in shares) 559,340  
Granted (in shares) 229,692  
Vested (in shares) (32,776)  
Forfeited (in shares) (3,480)  
Non-vested at the end of the period (in shares) 752,776  
PUs Adjustment    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options    
Non-vested at the beginning of the period (in shares) (121,038)  
Granted (in shares) 0  
Vested (in shares) 0  
Forfeited (in shares) (129,029)  
Non-vested at the end of the period (in shares) (250,067)  
Restricted Stock Units    
Employee stock-based awards    
Accrued cash dividends $ 683 631
Dividends accrued    
Cash dividends paid $ 1,855 1,635
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options    
Non-vested at the beginning of the period (in shares) 1,163,393  
Granted (in shares) 525,328  
Vested (in shares) (438,091)  
Forfeited (in shares) (11,597)  
Non-vested at the end of the period (in shares) 1,239,033  
Weighted average grant date fair value    
Weighted average grant date fair value, non-vested, beginning of period (in dollars per share) $ 33.21  
Weighted average grant date fair value, granted (in dollars per share) 36.90  
Weighted average grant date fair value, vested (in dollars per share) 32.02  
Weighted average grant date fair value, forfeited (in dollars per share) 34.65  
Weighted average grant date fair value, non-vested, end of period (in dollars per share) $ 35.18  
Total fair value of shares or units vested $ 14,026 $ 14,978
Restricted Stock Units | Minimum    
Employee stock-based awards    
Award vesting period 3 years  
Restricted Stock Units | Maximum    
Employee stock-based awards    
Award vesting period 5 years