Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Weighted Average Option Fair Values and Assumptions

Weighted average option fair values and assumptions for the period are as follows:

	Years Ended December 31,
	2015	2014	2013
Weighted average fair value of grants	$20.32	$19.52	$12.97
Dividend yield	1.45%	1.27%	1.57%
Volatility	29.90%	30.36%	30.92%
Risk-free interest rate	0.24% - 2.82%	0.12% - 4.65%	0.17% - 4.12%
Expected life (in years)	5.93	5.89	5.86

Schedule of Stock Option Activity

A summary of the Company’s stock option activity as of December 31, 2015, and changes during the year ended December 31, 2015 is presented as follows:

Stock Options	Shares		Weighted Average Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2015	2,378,559		$	46.91	6.69	$	73,561,785
Granted	525,255		78.22
Exercised	(469,497	)	40.73
Forfeited/Expired	(167,884	)	65.82
Outstanding at December 31, 2015	2,266,433		$	54.05	6.58	$	51,918,028
Vested and expected to vest at December 31, 2015	2,169,134		$	53.17	6.48	$	51,531,931
Exercisable at December 31, 2015	1,201,889		$	41.72	5.13	$	41,942,569

Schedule of Compensation Cost for Stock Options

Total compensation cost for stock options is as follows:

	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Cost of goods sold	$	543		$	581		$	479
Selling, general and administrative expenses	6,488			6,245			5,789
Total expense before income taxes	7,031			6,826			6,268
Income tax benefit	(2,208		)	(2,194		)	(2,016		)
Total expense after income taxes	$	4,823		$	4,632		$	4,252

Schedule of Restricted Stock Activity

A summary of the Company’s restricted stock activity as of December 31, 2015, and changes during the year ending December 31, 2015 is as follows:

Restricted Stock	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2015	359,269		$	53.68
Granted	99,130		78.20
Vested	(136,310	)	44.05
Forfeited	(49,334	)	62.00
Unvested at December 31, 2015	272,755		$	65.90

Schedule of Compensation Cost for Restricted Stock

Total compensation cost for restricted stock is as follows:

	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Cost of goods sold	$	341		$	369		$	319
Selling, general and administrative expenses	5,213			6,182			5,890
Total expense before income taxes	5,554			6,551			6,209
Income tax benefit	(1,604		)	(1,630		)	(1,801		)
Total expense after income taxes	$	3,950		$	4,921		$	4,408

Schedule of Unvested Cash-settled Restricted Stock Activity

A summary of the Company’s unvested cash-settled restricted stock activity as of December 31, 2015, and changes during the year ending December 31, 2015 is as follows:

Cash-Settled Restricted Stock	Shares		Weighted-Average Fair Value
Unvested at January 1, 2015	119,395		$	77.84
Granted	46,495		76.56
Vested	(41,640	)	77.90
Forfeited	(13,390	)	76.59
Unvested at December 31, 2015	110,860		$	76.61

Schedule of Compensation Cost for Unvested Cash-settled Restricted Stock

Total compensation cost for cash-settled restricted stock is as follows:

	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Cost of goods sold	$	753		$	1,384		$	1,061
Selling, general and administrative expenses	1,765			2,735			2,581
Total expense before income taxes	2,518			4,119			3,642
Income tax benefit	(355		)	(603		)	(495		)
Total expense after income taxes	$	2,163		$	3,516		$	3,147

Schedule of Weighted Average Performance Share Units Fair Values and Assumptions

Weighted average performance share unit fair values and assumptions for the period specified are as follows:

	Years Ended December 31,
	2015	2014	2013
Weighted average fair value of grants	$95.07	$94.55	$59.58
Dividend yield	—%	—%	—%
Volatility	19.14%	26.41%	28.99%
Risk-free interest rate	1.01%	0.65%	0.40%
Expected life (in years)	2.86	2.88	2.87

Schedule of Performance Shares Units Activity

A summary of the Company’s performance share unit activity as of December 31, 2015, and changes during the year ending December 31, 2015 are as follows:

Performance Share Units	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2015	135,540		$	81.87
Granted	79,710		95.07
Vested	(43,800	)	59.58
Forfeited	(25,175	)	87.28
Unvested at December 31, 2015	146,275		$	94.80

Performance Shares Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total compensation cost for performance share units is as follows:

	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Cost of goods sold	$	—		$	—		$	—
Selling, general and administrative expenses	4,946			3,220			873
Total expense before income taxes	4,946			3,220			873
Income tax benefit	(1,670		)	(1,081		)	(280		)
Total expense after income taxes	$	3,276		$	2,139		$	593