Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Income Tax Benefit Recognized for our Share-Based Compensation Arrangements

Compensation cost charged against income, primarily selling, general and administrative expense, and the income tax benefit recognized for our share-based compensation arrangements is included below: 

	Years Ended December 31,
	2019		2018		2017
			(In thousands)
Total share-based compensation cost	$	16,802	$	17,143	$	13,144
Income tax benefit	3,999		4,080		4,995

Fair Values for SARs and Stock Options Estimated on Grant Date Using Black-Scholes-Merton Option-Pricing Formula Which Incorporates Assumptions

	Years Ended December 31,
	2019			2018			2017
	(In thousands, except weighted average fair value and assumptions)
Weighted-average fair value of SARs and options granted	$	22.31		$	25.19		$	27.31
Total intrinsic value of SARs converted and options exercised	354			2,263			7,156
Tax benefit related to share-based compensation	101			113			967
Weighted-average fair value of restricted stock shares and units granted	64.61			72.54			79.96
Total fair value of restricted stock shares and units vested	10,325			5,740			10,355
Expected volatility	35.05		%	33.16		%	36.89		%
Expected term (in years)	5.7			5.6			5.6
Risk-free rate	2.56		%	2.70		%	2.01		%
Dividend yield	0.32		%	0.27		%	0.27		%

Summary of Share Based Compensation Activity

	SARs and Stock Options								Restricted Shares and Units
	Number		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value			Number		Weighted- Average Grant-Date Fair Value
			(In thousands, except exercise prices, fair values, and contractual terms)
Outstanding at January 1, 2019	1,289		$	65.58					627		$	71.66
Granted	237		61.71						353		64.61
Exercised or converted	(49	)	48.27						(170	)	58.73
Forfeited or expired	(110	)	71.73						(73	)	70.30
Outstanding at December 31, 2019	1,367		$	65.04	6.2	$	(13,727	)	737		$	68.31
Vested or expected to vest at December 31, 2019	1,349		$	65.01	6.1	$	(13,498	)
Exercisable or convertible at December 31, 2019	936		63.88		5.1	(8,312		)