XML 73 R36.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2014

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

Information related to stock options issued to officers, other employees and directors prior to 2010 under all plans is presented in the following table:



	2014			2013				2012
	Shares	Weighted Average Exercise Price		Shares		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
Number of shares under option:
Outstanding — beginning of year	97,962	$	16.61	115,362		$	15.00	145,338		$	13.90
Exercised	—	—		(17,400	)	5.91		(24,576	)	10.15
Canceled	—	—		—		—		(5,400	)	7.65
Outstanding — end of year	97,962	$	16.61	97,962		$	16.61	115,362		$	15.00
Exercisable — end of year	97,962	$	16.61	97,962		$	16.61	115,362		$	15.00

Additional Information Relating to the Ranges of Options Outstanding

Additional information relating to the ranges of options outstanding at December 31, 2014, is as follows:



	Weighted Average Remaining Contractual Life	Options Outstanding and Exercisable
Range of Exercise Prices per Share	Weighted Average Remaining Contractual Life	Number Outstanding	Weighted Average Exercise Price per Share
$8.08 - $14.14	0.53	10,500	$	10.32
$14.14 - $16.16	1.13	3,201	16.06
$16.16 - $18.18	1.95	84,261	17.42
		97,962	$	16.61

Schedule of Stock-Based Compensation

We recorded stock-based compensation for restricted shares as follows:



	Year Ended December 31,
	2014			2013		2012
	(Amounts in millions)
Stock-based compensation expense	$	42.7		$	35.8	$	35.4
Related income tax benefit	(14.6		)	(12.3)		(12.0)
Net stock-based compensation expense	$	28.1		$	23.5	$	23.4

Information Regarding Restricted Shares

The following table summarizes information regarding Restricted Shares:



	Year Ended December 31, 2014
	Shares		Weighted Average Grant-Date Fair Value
Number of unvested Restricted Shares:
Outstanding — beginning of year	2,020,678		$	44.68
Granted	734,187		64.35
Vested	(788,468	)	44.10
Canceled	(109,849	)	51.63
Outstanding — ending of year	1,856,548		$	52.29

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details