Stock-Based Compensation and Other Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2015



Activity, restricted shares:	Restricted Shares		Per Share Weighted Average Grant Date Fair Value
Non-vested restricted shares, as of December 31, 2014	1,414,645		$	25.32
Granted	17,798		21.04
Vested	(140,593	)	18.69
Canceled/forfeited	(24	)	21.22
Non-vested restricted shares, as of March 31, 2015	1,291,826		$	25.98



Activity, stock options:	Stock Options		Per Share Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value ^(a)(in millions)
Options outstanding and exercisable as of December 31, 2014	284,671		$	12.06	1.29	$	3.0
Exercised	(39,471	)	7.60
Options outstanding and exercisable as of March 31, 2015	245,200		$	12.78	1.21	$	1.6


(a)	Amount represents the difference between the exercise price and the closing share price of the Company’s stock on the last trading day of the corresponding period, multiplied by the number of in-the-money options.

The following table provides details pertaining to the Company’s ESPPs for the periods indicated:



	For the Three Months Ended March 31,
	2015		2014
Cash proceeds (in millions)	$	0.9	$	0.8
Common shares issued	57,258		26,968
Weighted average price per share	$	16.41	$	27.81
Weighted average per share grant date fair value	$	4.43	$	6.59

Details of non-cash stock-based compensation expense and related tax benefits for the periods indicated were as follows (in millions):



	For the Three Months Ended March 31,
	2015		2014
Non-cash stock-based compensation expense	$	3.6	$	3.3
Income Tax Effects:
Income tax benefit from non-cash stock-based compensation	$	1.4	$	4.5
Excess tax benefit from non-cash stock-based compensation ^(a)	$	—	$	3.2


(a)	Excess tax benefits, which represent cash flows from tax deductions in excess of the tax effect of compensation expense associated with exercised stock options and vested restricted shares, are classified as financing cash flows in the Company’s condensed unaudited consolidated statements of cash flows. There were no excess tax benefits for the three month period ended March 31, 2015.