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Stock Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2015
Share-based Compensation [Abstract]  
Stock Compensation Expense
The Company recorded stock compensation expense as follows for the three months ended March 31, 2015 and 2014 (in millions):
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Cost of goods sold
 
$
0.2

 
$
0.5

Selling, general and administrative expenses
 
2.2

 
5.9

Total stock compensation expense
 
$
2.4

 
$
6.4

Performance Award Transactions
Performance award transactions during the three months ended March 31, 2015 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan:
Shares awarded but not earned at January 1
2,481,767

Shares awarded
717,900

Shares forfeited or unearned
(4,200
)
Shares earned

Shares awarded but not earned at March 31
3,195,467

Restricted Stock Unit Award Transactions
RSU transactions during the three months ended March 31, 2015 were as follows:
Shares awarded but not vested at January 1

Shares awarded
142,150

Shares forfeited
(800
)
Shares vested

Shares awarded but not vested at March 31
141,350

Weighted Average Grant-Date Fair Value of SSARs and Assumptions Under Black-Scholes Option Model
The weighted average grant-date fair value of SSARs granted under the 2006 Plan and the weighted average assumptions under the Black-Scholes option pricing model were as follows for the three months ended March 31, 2015 and 2014:
 
Three Month Ended March 31,
 
2015
 
2014
Weighted average grant-date fair value
$
7.41

 
$
13.13

Weighted average assumptions under Black-Scholes option pricing model:
 

 
 

Expected life of awards (years)
3.0

 
3.0

Risk-free interest rate
0.9
%
 
0.9
%
Expected volatility
25.9
%
 
35.7
%
Expected dividend yield
1.1
%
 
0.8
%
SSAR Activity
SSAR transactions during the three months ended March 31, 2015 were as follows:
SSARs outstanding at January 1
 
1,220,824

SSARs granted
 
325,200

SSARs exercised
 
(26,750
)
SSARs canceled or forfeited
 
(83,400
)
SSARs outstanding at March 31
 
1,435,874

SSAR price ranges per share:
 
 

Granted
$
43.88

Exercised
 
21.45-33.65

Canceled or forfeited
 
56.98

Weighted average SSAR exercise prices per share:
 
 

Granted
$
43.88

Exercised
 
24.91

Canceled or forfeited
 
56.98

Outstanding at March 31
 
48.94

Schedule Of SSAR Exercise Price Range, Number Of Shares, Weighted Average Exercise Price and Remaining Contractual Lives
The following table sets forth the exercise price range, number of shares, weighted average exercise price and remaining contractual life by groups of similar price as of March 31, 2015:
 
 
SSARs Outstanding
 
SSARs Exercisable
Range of Exercise Prices
 
Number of
Shares
 
Weighted Average
Remaining
Contractual Life
(Years)
 
Weighted Average
Exercise Price
 
Number of Shares
 
Weighted Average
Exercise Price
$21.45 – $32.01
 
34,875

 
1.0
 
$
22.47

 
34,875

 
$
22.47

$33.65 – $43.88
 
445,725

 
5.5
 
$
41.18

 
119,800

 
$
33.83

$47.89 – $63.64
 
955,274

 
4.6
 
$
53.52

 
539,552

 
$
52.92

 
 
1,435,874

 
 
 
 
 
694,227

 
$
48.10