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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Expense Related to Share-Based Compensation Cost by Type of Program

A summary of the expense related to share-based compensation cost by type of program is as follows:

 

     Year Ended December 31,  

(In millions)

         2015                2014              2013      

Restricted stock units expense

     $ 10.2         $ 16.5         $ 10.6   

Stock options expense

     -             0.5         1.0   
  

 

 

    

 

 

    

 

 

 

Before-tax share-based compensation expense

     10.2         17.0         11.6   

Income tax benefit

     (3.3      (6.0      (3.9
  

 

 

    

 

 

    

 

 

 

After-tax share-based compensation expense

     $ 6.9         $ 11.0         $ 7.7   
  

 

 

    

 

 

    

 

 

 

Summary of Stock Option Activity Under All Plans

 A summary of stock option activity under all plans as of and for the year ended December 31, 2015 is as follows:

 

         Shares          Weighted
Average
Remaining
Contractual
Terms
    (Years)    
     Weighted
Average
Exercise
Price
     Aggregate
Intrinsic
Value
  (In millions)  
 

  Outstanding on January 1, 2015

     289,064             $     116.40       

  Granted

                     

  Exercised

     (17,324)             31.72       

  Expired

     (3,129)             1,183.96       
  

 

 

    

 

 

       

  Outstanding on December 31, 2015

     268,611          4.4 years          $ 109.42        $   
  

 

 

    

 

 

       

  Vested as of December 31, 2015

     268,611          4.4 years          $ 109.42        $   

  Expected to vest as of December 31, 2015

             0.0 years          $       $   

Summary of Information about Stock Options Outstanding by Range of Exercise Prices

The following table summarizes information about stock options outstanding at December 31, 2015:

 

    Outstanding      Exercisable  

           Range of Exercise Prices    

    Shares        Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
     Life     
       Shares        Weighted    
Average
Exercise
Price
 

 $8.74 to $25.00

    38,572             $     21.25           3.2 years           38,572         $ 21.25     

 $25.01 to $41.50

    173,989           33.87           5.6 years           173,989           33.87     

 $75.00 to $476.00

    24,998           172.47           2.1 years           24,998               172.47     

 $476.01 to $1,334.50

    31,052           591.52           0.8 years           31,052           591.52     
 

 

 

          

 

 

    

 $8.74 to $1,344.50

        268,611           109.42           4.4 years           268,611           109.42     
 

 

 

          

 

 

    

Summary of Restricted Stock Unit Activity Under All Plans

A summary of restricted stock unit activity under all plans as of and for the year ended December 31, 2015 is as follows:

 

     Shares      Weighted
Average
Remaining
Contractual
Terms
(Years)
     Weighted
Average
Grant
Date Fair
Value
     Aggregate
Intrinsic
Value
 (In
millions)
 

Outstanding on January 1, 2015

     972,843               $     41.30       

Granted

     519,852             36.15       

Vested and released

     (495,337)             37.43       

Forfeited

     (427,260)             42.40       
  

 

 

          

Outstanding on December 31, 2015

             570,098          1.2 Years            $     40.55          $ 9.1    
  

 

 

          

Vested or expected to vest as of December 31, 2015

     596,048          1.2 Years            $     41.01          $     10.8    

Expected to vest as of December 31, 2015

     576,378          1.2 Years            $     40.56          $ 8.9    

Weighted Average Assumptions Used in Monte Carlo Simulation Model to Estimate Fair Value of PRSUs Granted

The weighted averages for the primary assumptions used in the Monte Carlo simulation model for the 2015 and 2014 grants are as follows:

 

   

PRSU Grants

Year Ended December 31,

 
            2015                    2014  

  Assumptions:

      

Risk-free interest rate

    1.01%           0.79%   

Expected life

    3.0 years           3.0 years   

Expected volatility

    37%           43%