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Equity (Tables)
6 Months Ended
Jun. 30, 2018
Equity  
Schedule of common stock and additional paid-in capital activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

June 30, 2018

 

June 30, 2018

 

 

 

Weighted Average

 

 

 

Weighted Average

 

Shares

 

Amount

 

Exercise Price

 

Shares

 

Amount

 

Exercise Price

 

(in millions, except share and per share amounts)

Stock-based compensation(1)

15,574

 

$

12.9

 

 

 

  

285,007

 

$

13.9

 

 

 

Stock options exercised

 —

 

 

 —

 

 

 

    

48,275

 

 

2.8

 

$

57.91

Share repurchases

 —

 

 

 —

 

 

 

 

(592,564)

 

 

(50.0)

 

 

 

Total

15,574

 

$

12.9

 

 

 

    

(259,282)

    

$

(33.3)

    

 

 


(1)

The six months ended June 30, 2018 amount is comprised of stock-based compensation expense of $19.3 million reduced by $5.4 million of payments we made to tax authorities on our employees’ behalf for shares withheld related to net share settlements.

 

Summary of the status of the Company's unvested restricted stock units and changes during the year

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average Grant

Unvested Shares

 

Shares

 

Date Fair Value

Unvested at January 1, 2018

 

924,575

 

$

74.09

Granted(1)

 

474,715

 

 

84.26

Vested

 

(3,362)

 

 

71.72

Cancelled or forfeited

 

(13,318)

 

 

74.93

Unvested at June 30, 2018

 

1,382,610

 

$

77.58

Shares reserved for future grants (all plans)

 

1,368,824

 

 

 


(1)

474,715 RSUs, including 178,970 performance-based RSUs, were granted in March 2018.

Schedule of accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and

 

Accumulated

 

Foreign Currency

 

Postretirement

 

Other

 

Translation

 

Benefit Adjustments,

 

Comprehensive

 

Loss

    

Net of Tax

    

Loss

 

(in millions)

Balance as of January 1, 2018

$

(51.1)

 

$

(20.5)

 

$

(71.6)

Current-period change

 

(14.1)

 

 

 —

 

 

(14.1)

Balance as of June 30, 2018

$

(65.2)

 

$

(20.5)

 

$

(85.7)