XML 69 R46.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
SARs/Stock Options roll forward
The following table summarizes the Company's SARs activity during 2015:
(Shares in thousands)
 
Number of
SARs
 
Weighted-
average
Exercise
Price Per
Share
 
Aggregate
Intrinsic
Value
 
Weighted-
average
Remaining
Term (Years)
Outstanding at December 31, 2014
 
968

 
$
28.32

 
$

 
Granted
 
161

 
36.81

 

 
Exercised
 
(72
)
 
19.03

 

 
Cancelled
 
(11
)
 
36.99

 

 
Outstanding at December 31, 2015
 
1,046

 
30.18

 
2,379

 
3.7
Vested and expected to vest as of December 31, 2015
 
1,046

 
30.18

 
2,379

 
3.7
Exercisable at December 31, 2015
 
609

 
28.17

 
2,379

 
2.5
SARs/Stock Options Nonvested Share Activity
A summary of the status and changes of shares subject to SARs and the related average price per share follows:
(Shares in thousands)
 
Number of
SARs
 
Weighted-
average
Grant
Date
Fair Value
Nonvested as of December 31, 2014
 
465

 
$
13.45

Granted
 
161

 
13.27

Vested
 
(180
)
 
14.95

Cancelled
 
(9
)
 
15.62

Nonvested as of December 31, 2015
 
437

 
12.21

SARS/Stock Options, Valuation Assumptions [Table Text Block]
The fair value of the SARs was estimated on the grant date using the Black-Scholes pricing model with the following assumptions:
 
 
2015
 
2014
 
2013
Risk-free interest rate
 
1.47
%
 
1.64
%
 
0.70
%
Dividend yield
 
0.9
%
 
1.0
%
 
1.1
%
Volatility
 
42.8
%
 
45.5
%
 
56.6
%
Expected lives (in years)
 
5.0

 
5.0

 
5.0

Summary of restricted stock activity
The following table summarizes the restricted stock activity during 2015:
(Shares in thousands)
 
Number of
Shares
 
Weighted-
average
Grant Date
Fair Value
Outstanding at December 31, 2014
 
152

 
$
30.76

Granted
 
59

 
37.17

Vested
 
(73
)
 
30.36

Forfeited
 
(4
)
 
36.81

Outstanding at December 31, 2015
 
134

 
$
33.32

Summary of stock activity for the directors deferred compensation plan
The following table summarizes the stock activity for the directors' deferred compensation plan during 2015:
(Shares in thousands)
 
Number of
Shares
 
Weighted-
average
Grant  Date
Fair Value
Outstanding at December 31, 2014
 
120

 
$
25.33

Granted
 
21

 
37.08

Distributed
 
(3
)
 
32.17

Outstanding at December 31, 2015
 
138

 
$
25.60