Stock Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2014

The Company recorded stock compensation expense as follows for the three months ended March 31, 2014 and 2013 (in millions):



	Three Months Ended March 31,
	2014		2013
Cost of goods sold	$	0.5	$	0.6
Selling, general and administrative expenses	5.9		7.9
Total stock compensation expense	$	6.4	$	8.5

Performance Award Transactions

Performance award transactions during the three months ended March 31, 2014 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	2,808,519
Shares awarded	864,600
Shares forfeited or unearned	(67,296	)
Shares earned	—
Shares awarded but not earned at March 31	3,605,823

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 model were as follows for the three months ended March 31, 2014 and 2013:



	Three Months Ended March 31,
	2014			2013
Weighted average grant-date fair value	$	13.13		$	22.22
Weighted average assumptions under Black-Scholes option model:
Expected life of awards (years)	3.0			5.5
Risk-free interest rate	0.9		%	0.8		%
Expected volatility	35.7		%	50.6		%
Expected dividend yield	0.8		%	0.8		%

SSAR Activity

SSAR transactions during the three months ended March 31, 2014 were as follows:



SSARs outstanding at January 1	1,094,836
SSARs granted	297,900
SSARs exercised	(5,575		)
SSARs canceled or forfeited	(20,181		)
SSARs outstanding at March 31	1,366,980
SSAR price ranges per share:
Granted	$	55.23
Exercised	21.45-52.94
Canceled or forfeited	21.45-56.98
Weighted average SSAR exercise prices per share:
Granted	$	55.23
Exercised	35.06
Canceled or forfeited	52.51
Outstanding at March 31	48.24

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, 2014:



	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	157,625	1.9	$	21.88	155,500	$	21.74
$ 33.65 – $43.39	128,900	2.9	$	33.87	127,450	$	33.76
$ 47.89 – $63.64	1,080,455	5.3	$	53.80	381,050	$	53.41
	1,366,980				664,000	$	42.22