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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
SHARE-BASED COMPENSATION.  
Summary of share-based compensation cost by type of program

 

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

(In millions) 

 

2014

 

2013

 

2012

 

Restricted stock units expense

 

$

16.5

 

$

10.6

 

$

9.1

 

Stock options expense

 

 

0.5

 

 

1.0

 

 

-  

 

​  

​  

​  

​  

​  

​  

Before-tax share-based compensation expense

 

 

17.0

 

 

11.6

 

 

9.1

 

Income tax benefit

 

 

(6.0

)

 

(3.9

)

 

(2.8

)

​  

​  

​  

​  

​  

​  

After-tax share-based compensation expense

 

$

11.0

 

$

7.7

 

$

6.3

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of stock option activity under all plans

 

                                                                                                                                                                                    

 

 

Shares

 

Weighted
Average
Remaining
Contractual
Terms
(Years)

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic Value
(In millions)

 

Outstanding on January 1, 2014

 

 

302,934

 

 

 

$

128.08

 

 

 

 

Granted

 

 

-

 

 

 

 

-

 

 

 

 

Exercised

 

 

(5,289

)

 

 

 

30.06

 

 

 

 

Expired

 

 

(8,581

)

 

 

 

582.02

 

 

 

 

​  

​  

​  

Outstanding on December 31, 2014

 

 

289,064

 

5.4 years

 

$

116.40

 

$

2.5

 

​  

​  

​  

​  

​  

​  

Vested as of December 31, 2014

 

 

186,255

 

4.4 years

 

$

161.91

 

$

1.6

 

Expected to vest as of December 31, 2014

 

 

102,760

 

7.1 years

 

$

33.93

 

$

0.9

 

 

Summary of information about stock options outstanding by range of exercise prices

:  

                                                                                                                                                                                    

 

 

Outstanding

 

Exercisable

 

Range of Exercise Prices

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Life

 

Shares

 

Weighted
Average
Exercise
Price

 

$8.75 to $21.25

 

 

39,972 

 

$

20.81 

 

4.2 years

 

 

39,972 

 

$

20.81 

 

$28.75 to $41.50

 

 

189,913 

 

 

33.86 

 

6.6 years

 

 

87,104 

 

 

33.77 

 

$90.50 to $358.00

 

 

25,298 

 

 

172.42 

 

3.1 years

 

 

25,298 

 

 

172.42 

 

$510.75 to $1,334.50

 

 

33,881 

 

 

649.98 

 

1.7 years

 

 

33,881 

 

 

649.98 

 

​  

​  

​  

​  

$8.75 to $1,344.50

 

 

289,064 

 

 

116.40 

 

5.4 years

 

 

186,255 

 

 

161.91 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of restricted and deferred stock unit activity under all plans

 

                                                                                                                                                                                    

 

 

Shares

 

Weighted
Average
Remaining
Contractual
Terms
(Years)

 

Weighted
Average
Grant
Date
Fair Value

 

Aggregate
Intrinsic
Value
(In millions)

 

Outstanding on January 1, 2014

 

 

1,009,303

 

 

 

$

35.68

 

 

 

 

Granted

 

 

447,608

 

 

 

 

44.38

 

 

 

 

Vested and released

 

 

(421,347

)

 

 

 

32.32

 

 

 

 

Forfeited

 

 

(62,721

)

 

 

 

41.64

 

 

 

 

​  

​  

Outstanding on December 31, 2014

 

 

972,843

 

1.1 Years

 

$

41.30

 

$

40.2

 

​  

​  

​  

​  

Expected to vest as of December 31, 2014

 

 

927,467

 

1.1 Years

 

$

41.21

 

$

39.4

 

 

Weighted average assumptions used in the Monte Carlo simulation model to estimate the fair value of PRSUs granted

 

                                                                                                                                                                                    

 

 

PRSU Grants
Year Ended December 31,

 

 

2014

 

2012

Assumptions:

 

 

 

 

Risk-free interest rate

 

0.79% 

 

0.44% 

Expected life

 

3.0 years

 

3.0 years

Expected volatility

 

43% 

 

45% 

Expected dividend yield

 

NA

 

1.07%