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Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options outstanding and exercisable under the Company's 1991 Equity and Performance Incentive Plan
Options outstanding and exercisable as of March 31, 2017 under the Company’s 1991 Equity and Performance Incentive Plan (as Amended and Restated as of February 12, 2014) (the 1991 Plan) and changes during the three months ended March 31, 2017 were as follows:
 
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value (1)
 
 

 
(per share)
 
(in years)
 
 
Outstanding at January 1, 2017
 
1.7

 
$
31.98

 
 
 
 
Expired or forfeited
 
(0.2
)
 
$
39.41

 
 
 
 
Granted
 
0.8

 
$
26.60

 
 
 
 
Outstanding at March 31, 2017
 
2.3

 
$
29.70

 
8
 
$
4.8

Options exercisable at March 31, 2017
 
1.1

 
$
32.13

 
7
 
$
0.7

Options vested and expected to vest at March 31, 2017 (2)
 
2.2

 
$
29.80

 
8
 
$
4.5

(1)
The aggregate intrinsic value (the difference between the closing price of the Company’s common shares on the last trading day of the first quarter of 2017 and the exercise price, multiplied by the number of “in-the-money” options) that would have been received by the option holders had all option holders exercised their options on March 31, 2017. The amount of aggregate intrinsic value will change based on the fair market value of the Company’s common shares.
(2)
The options expected to vest are the result of applying the pre-vesting forfeiture rate assumption to total outstanding non-vested options.
Summarized information on unvested restricted stock units (RSUs), performance shares and deferred shares
The following table summarizes information on non-vested RSUs and performance shares relating to employees and non-employee directors for the three months ended March 31, 2017:
 
 
Number of
Shares
 
Weighted-Average
Grant-Date Fair
Value
 
 

 
(per share)
RSUs:
 
 
 
 
Non-vested at January 1, 2017
 
1.2

 
$
29.50

Forfeited
 
(0.1
)
 
$
29.64

Vested
 
(0.4
)
 
$
30.73

Granted
 
0.6

 
$
26.63

Non-vested at March 31, 2017
 
1.3

 
$
27.96

Performance Shares:
 
 
 
 
Non-vested at January 1, 2017
 
1.2

 
$
31.77

Forfeited
 
(0.2
)
 
$
39.66

Vested
 
(0.2
)
 
$
23.64

Granted
 
1.7

 
$
31.22

Non-vested at March 31, 2017
 
2.5

 
$
31.30