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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

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

Continuity Schedule of All Options Outstanding

The following is a continuity schedule of all options outstanding [number of options in the table below are expressed in whole numbers – restated [note 3]]:

		Options outstanding
						Weighted
						average				Number
		Number				exercise				of options
		of options				price				exercisable
Outstanding at December 31, 2013			9,516,216			Cdn$	20.91				5,694,218
Granted			1,502,600				53.36				—
Exercised			(2,649,160	)			19.92				(2,649,160	)
Cancelled			(54,998	)			30.23				(12,000	)
Vested			—				—				1,581,430
Outstanding at December 31, 2014			8,314,658			Cdn$	27.03				4,614,488
Granted			1,614,336				68.24				—
Exercised			(2,387,032	)			18.17				(2,387,032	)
Cancelled			(192,546	)			41.08				(2	)
Vested			—				—				1,965,905
Outstanding at December 31, 2015			7,349,416			Cdn$	38.59				4,193,359

Summary of Characteristics of Options Outstanding

At December 31, 2015, the outstanding options consist of [number of options in the table below are expressed in whole numbers]:

		Options outstanding
						Remaining				Number
		Number				contractual				of options
		of options				life [years]				exercisable
Cdn$10 to $15			1,000,682				0.9				1,000,682
Cdn$15 to $20			20,000				1.4				20,000
Cdn$20 to $25			1,480,560				3.2				1,487,226
Cdn$25 to $30			1,877,018				3.8				1,247,757
Over Cdn$50			2,971,156				5.7				437,694
			7,349,416								4,193,359
Weighted average exercise price			Cdn$38.59								Cdn$25.53
Weighted average life remaining [years]			4.03								2.94
Aggregate intrinsic value at December 31, 2015			$93								$93

Fair Value of Stock Options Granted and Compensation Expenses

The weighted average assumptions used in measuring the fair value of stock options granted are as follows:

		2015				2014
Risk-free interest rate			0.97	%			1.60	%
Expected dividend yield			2.00	%			2.00	%
Expected volatility			26	%			29	%
Expected time until exercise			4.6 years				4.5 years
Weighted average fair value of options granted in year [Cdn$] [restated [note 3]]		$	12.84			$	11.47

Schedule of Reduction in Stated Value of Company's Common Shares

The following is a continuity of the stock that has not been released to the executives and is reflected as a reduction in the stated value of the Company’s Common Shares [number of Common Shares in the table below are expressed in whole numbers – restated [note 3]]:

		Number				Stated
		of shares				value
Awarded and not released, December 31, 2013			1,460,952			$	25
Release of restricted stock			(286,304	)			(5	)
Awarded and not released, December 31, 2014			1,174,648				20
Release of restricted stock			(286,312	)			(4	)
Awarded and not released, December 31, 2015			888,336			$	16

Schedule of Restricted Stock Unit Programs Outstanding

The following is a continuity schedule of restricted stock unit programs outstanding [number of stock units in the table below are expressed in whole numbers – restated [note 3]]:

		Equity				Liability				Equity
		classified				classified				classified
		RSUs				RSUs				DSUs				Total
Outstanding at December 31, 2013			1,263,709				60,238				254,894				1,578,841
Granted			363,053				18,050				44,272				425,375
Dividend equivalents			1,678				1,132				4,095				6,905
Forfeitures			—				(820	)			—				(820	)
Redeemed			(643,162	)			(32,548	)			—				(675,710	)
Outstanding at December 31, 2014			985,278				46,052				303,261				1,334,591
Granted			356,422				15,922				43,955				416,299
Dividend equivalents			1,633				1,094				5,468				8,195
Redeemed			(495,627	)			(28,236	)			—				(523,863	)
Outstanding at December 31, 2015			847,706				34,832				352,684				1,235,222

Summary of Stock-Based Compensation Expense Recorded in Selling, General and Administrative Expenses

Stock-based compensation expense recorded in selling, general and administrative expenses related to the above programs is as follows:

		2015				2014
Incentive Stock Option Plan		$	12			$	15
Long-term retention			4				4
Restricted stock unit			20				21
Total stock-based compensation expense		$	36			$	40

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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