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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock options outstanding and exercisable under long-term performance compensation plan
A reconciliation of the number of SOSARs outstanding and exercisable under the Long-Term Performance Compensation Plan as of December 31, 2015, and changes during the period then ended is as follows:
 


Shares
(000's)
 

Weighted- Average Exercise
Price
 
Weighted- Average Remaining Contractual Term
 
Aggregate Intrinsic Value
(000's)
SOSARs outstanding at January 1, 2015
52

 
$
21.83

 

 

SOSARs exercised
(52
)
 
21.83

 

 

SOSARs cancelled / forfeited

 

 

 

SOSARs outstanding at December 31, 2015

 
$

 
$

 
$

 
Year ended December 31,
(in thousands)
2015
 
2014
 
2013
Total intrinsic value of SOSARs exercised
$

 
$
5,193

 
$
4,678

Total fair value of shares vested
$

 
$

 
$
576

Summary of valuation assumptions
 
2015
Risk free interest rate
1.80
%
Dividend yield
1.58
%
Volatility factor of the expected market price of the common shares
0.35

Expected life for the options (in years)
5.50

Schedule of stock options rollforward
A reconciliation of the number of Options outstanding and exercisable under the 2014 LT Plan as of December 31, 2015, and changes during the period then ended is as follows:
 


Shares
(000's)
 

Weighted- Average Exercise
Price
 
Weighted- Average Remaining Contractual Term
 
Aggregate Intrinsic Value
(000's)
Options outstanding at January 1, 2015

 
$

 
 
 
 
Options granted
325

 
35.40

 
 
 
 
Options exercised

 

 
 
 
 
Options cancelled / forfeited

 

 
 
 
 
Options outstanding at December 31, 2015
325

 
$
35.40

 
4.84
 
$

Vested and expected to vest at December 31, 2015
322

 
$
35.40

 
4.84
 
$

Options exercisable at December 31, 2015

 
$

 
 
 
$

Summary of stock options
 
Year ended December 31,
(in thousands)
2015
Total intrinsic value of Options exercised
$

Total fair value of shares vested
$

Weighted average fair value of Options granted
$
10.37

Summary of nonvested restricted shares
A summary of the status of the Company's non-vested restricted shares as of December 31, 2015, and changes during the period then ended, is presented below:
 
Shares (000)'s
 
Weighted-Average Grant-Date Fair Value
Non-vested restricted shares at January 1, 2015
175

 
$
42.69

Granted
108

 
42.32

Vested
(125
)
 
39.25

Forfeited
(7
)
 
49.07

Non-vested restricted shares at December 31, 2015
151

 
$
44.99

 
Year ended December 31,
 
2015
 
2014
 
2013
Total fair value of shares vested (000's)
$4,918
 
$1,585
 
$1,121
Weighted average fair value of restricted shares granted
$42.32
 
$54.84
 
$47.65

Summary of nonvested performance share units
A summary of the status of the Company's PSUs as of December 31, 2015, and changes during the period then ended, is presented below:
 
Shares (000)'s
 
Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2015
329

 
$
41.92

Granted
133

 
44.76

Vested
(98
)
 
29.00

Forfeited
(53
)
 
33.94

Non-vested at December 31, 2015
311

 
$
48.53

 
Year ended December 31,
 
2015
 
2014
 
2013
Weighted average fair value of PSUs granted
$44.76
 
$54.84
 
$47.32
Fair value of the option component of the ESP Plan
 
2015
 
2014
 
2013
Risk free interest rate
0.25
%
 
0.13
%
 
0.16
%
Dividend yield
1.05
%
 
0.74
%
 
1.49
%
Volatility factor of the expected market price of the common shares
0.41

 
0.23

 
0.27

Expected life for the options (in years)
1.00

 
1.00

 
1.00