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Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Weighted-Average Assumptions Used to Determine Fair Value of Stock Options
The fair values of the options granted during the years ended December 31, 2016, 2015, and 2014 have been estimated at the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
For the Year Ended December 31,
 
2016
 
2015
 
2014
Expected volatility
37.2
%
 
39.5
%
 
40.3
%
Risk-free interest rate
1.6
%
 
1.9
%
 
2.2
%
Expected life (years)
7.5

 
7.7

 
7.2

Dividend yield
2.1
%
 
2.1
%
 
2.1
%
The fair value of the SARs granted in conjunction with the Encompass acquisition has been estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
For the Year Ended December 31,
 
2016
 
2015
Expected volatility
25.9
%
 
30.7
%
Risk-free interest rate
1.9
%
 
2.1
%
Expected life (years)
5.3

 
6.3

Dividend yield
%
 
%
Schedule of Stock Option Activity
A summary of our stock option activity and related information is as follows:
 
Shares
(In Thousands)
 
Weighted- Average Exercise Price per Share
 
Weighted- Average Remaining Life (Years)
 
Aggregate Intrinsic Value
(In Millions)
Outstanding, December 31, 2015
2,056

 
$
21.37

 
 
 
 
Granted
186

 
36.15

 
 
 
 
Exercised
(563
)
 
23.14

 
 
 
 
Forfeitures
(102
)
 
37.22

 
 
 
 
Expirations
(2
)
 
24.72

 
 
 
 
Outstanding, December 31, 2016
1,575

 
21.45

 
4.3
 
$
31.3

Exercisable, December 31, 2016
1,442

 
19.94

 
3.9
 
30.8

Schedule of Restricted Stock Activity
A summary of our issued restricted stock awards is as follows (share information in thousands):
 
Shares
 
Weighted-Average Grant Date Fair Value
Nonvested shares at December 31, 2015
842

 
$
28.05

Granted
542

 
33.56

Vested
(712
)
 
25.63

Forfeited
(54
)
 
35.24

Nonvested shares at December 31, 2016
618

 
35.06