Stock-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of restricted stock activity

The following is a summary of restricted stock activity for the three months ended March 31, 2014:

(shares in thousands)	Shares		Weighted Average Grant Date Fair Value /Share
Outstanding at January 1, 2014	1,275		$	27.67
Granted	286		$	38.74
Vested	(182	)	$	32.06
Forfeited	(24	)	$	27.45
Outstanding at March 31, 2014	1,355		$	29.45

Summary of performance based share grants

The following is a summary of performance-based share grants for the three months ended March 31, 2014:

(shares in thousands)	Shares	Weighted Average Grant Date Fair Value /Share
Outstanding at January 1, 2014	52	$	27.49
Granted	43	$	38.76
Vested	—	$	—
Forfeited	—	$	—
Outstanding at March 31, 2014	95	$	32.54

Summary of the changes in outstanding stock options

The following is a summary of the changes in outstanding stock options for the three months ended March 31, 2014:

(shares in thousands)	Shares		Weighted Average Exercise Price / Share		Weighted  Average Remaining Contractual Term (Years)
Outstanding at January 1, 2014	3,504		$	26.80	6.4
Granted	373		$	38.76	10.0
Exercised	(386	)	$	27.82	2.8
Forfeited	(37	)	$	23.40	4.0
Outstanding at March 31, 2014	3,454		$	28.01	7.0
Options exercisable at March 31, 2014	2,131		$	26.98	6.0
Vested and expected to vest as of March 31, 2014	3,339		$	27.81	6.9

Weighted-average assumptions for annual March 2014 grants

The following are weighted-average assumptions for 2014.

Dividend yield	1.32		%
Volatility	28.80		%
Risk-free interest rate	1.79		%
Expected term (in years)	5.70
Weighted-average fair value / share	$	9.99