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Stock Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2014
Share-based Compensation [Abstract]  
Stock Compensation Expense
The Company recorded stock compensation (credit) expense as follows for the three and nine months ended September 30, 2014 and 2013 (in millions):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
Cost of goods sold
 
$
(1.8
)
 
$
0.4

 
$
(1.0
)
 
$
2.3

Selling, general and administrative expenses
 
(21.0
)
 
5.5

 
(9.8
)
 
31.9

Total stock compensation (credit) expense
 
$
(22.8
)
 
$
5.9

 
$
(10.8
)
 
$
34.2
Performance Award Transactions
Performance award transactions during the nine months ended September 30, 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
887,198

Shares forfeited or unearned
(123,260
)
Shares earned
—

Shares awarded but not earned at September 30
3,572,457
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 pricing model were as follows for the nine months ended September 30, 2014 and 2013:
 
Nine Months Ended September 30,
 
2014
 
2013
Weighted average grant-date fair value
$
13.11

 
$
22.40

Weighted average assumptions under Black-Scholes option pricing model:
 

 
 

Expected life of awards (years)
3.0

 
5.5

Risk-free interest rate
0.9
%
 
0.8
%
Expected volatility
35.7
%
 
50.5
%
Expected dividend yield
0.8
%
 
0.8
%
SSAR Activity
SSAR transactions during the nine months ended September 30, 2014 were as follows:
SSARs outstanding at January 1
 
1,094,836

SSARs granted
 
301,400

SSARs exercised
 
(15,550
)
SSARs canceled or forfeited
 
(20,631
)
SSARs outstanding at September 30
 
1,360,055

SSAR price ranges per share:
 
 

Granted
$
52.85-55.23

Exercised
 
21.45-52.94

Canceled or forfeited
 
21.45-56.98

Weighted average SSAR exercise prices per share:
 
 

Granted
$
55.20

Exercised
 
33.17

Canceled or forfeited
 
52.77

Outstanding at September
 
48.36
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 September 30, 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
 
153,125

 
1.4
 
$
21.89

 
153,125

 
$
21.89

$33.65 – $43.39
 
125,525

 
2.4
 
$
33.88

 
124,075

 
$
33.76

$47.89 – $63.64
 
1,081,405

 
4.8
 
$
53.79

 
390,848

 
$
53.45

 
 
1,360,055

 
 
 
 
 
668,048

 
$
42.56