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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