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Stock Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2015

The Company recorded stock compensation expense as follows for the three and six months ended June 30, 2015 and 2014 (in millions):



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Cost of goods sold	$	0.3	$	0.3	$	0.5	$	0.8
Selling, general and administrative expenses	4.7		5.3		6.9		11.2
Total stock compensation expense	$	5.0	$	5.6	$	7.4	$	12.0

Performance Award Transactions

Performance award transactions during the six months ended June 30, 2015 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	2,481,767
Shares awarded	717,900
Shares forfeited or unearned	(18,521	)
Shares earned	—
Shares awarded but not earned at June 30	3,181,146

Restricted Stock Unit Award Transactions

RSU transactions during the six months ended June 30, 2015 were as follows:



Shares awarded but not vested at January 1	—
Shares awarded	142,150
Shares forfeited	(1,150	)
Shares vested	—
Shares awarded but not vested at June 30	141,000

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 six months ended June 30, 2015 and 2014:



	Six Months Ended June 30,
	2015			2014
Weighted average grant-date fair value	$	7.41		$	13.13
Weighted average assumptions under Black-Scholes option pricing model:
Expected life of awards (years)	3.0			3.0
Risk-free interest rate	0.9		%	0.9		%
Expected volatility	25.9		%	35.7		%
Expected dividend yield	1.1		%	0.8		%

SSAR Activity

SSAR transactions during the six months ended June 30, 2015 were as follows:



SSARs outstanding at January 1		1,220,824
SSARs granted		325,200
SSARs exercised		(36,750	)
SSARs canceled or forfeited		(83,400	)
SSARs outstanding at June 30		1,425,874
SSAR price ranges per share:
Granted	$	43.88
Exercised		21.45-33.65
Canceled or forfeited		56.98
Weighted average SSAR exercise prices per share:
Granted	$	43.88
Exercised		25.02
Canceled or forfeited		56.98
Outstanding at June 30		49.10

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 June 30, 2015:



	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	27,500	0.7	$	22.51	27,500	$	22.51
$33.65 – $43.88	443,100	5.2	$	41.22	117,175	$	33.83
$47.89 – $63.64	955,274	4.4	$	53.52	539,552	$	52.92
	1,425,874				684,227	$	48.43