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Stock Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2015

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



	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Cost of goods sold	$	0.3	$	(1.8	)	$	0.8	$	(1.0	)
Selling, general and administrative expenses	3.2		(21.0		)	10.1		(9.8		)
Total stock compensation expense (credit)	$	3.5	$	(22.8	)	$	10.9	$	(10.8	)

Performance Award Transactions

Performance award transactions during the nine months ended September 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	861,686
Shares forfeited or unearned	(53,671	)
Shares earned	—
Shares awarded but not earned at September 30	3,289,782

Restricted Stock Unit Award Transactions

RSU transactions during the nine months ended September 30, 2015 were as follows:



Shares awarded but not vested at January 1	—
Shares awarded	144,398
Shares forfeited	(3,100	)
Shares vested	—
Shares awarded but not vested at September 30	141,298

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, 2015 and 2014:



	Nine Months Ended September 30,
	2015			2014
Weighted average grant-date fair value	$	7.41		$	13.11
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 nine months ended September 30, 2015 were as follows:



SSARs outstanding at January 1		1,220,824
SSARs granted		325,200
SSARs exercised		(56,300	)
SSARs canceled or forfeited		(92,544	)
SSARs outstanding at September 30		1,397,180
SSAR price ranges per share:
Granted	$	43.88
Exercised		21.45-52.94
Canceled or forfeited		43.88-56.98
Weighted average SSAR exercise prices per share:
Granted	$	43.88
Exercised		27.27
Canceled or forfeited		56.43
Outstanding at September 30		49.33

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, 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	15,500	0.6	$	23.32	15,500	$	23.32
$33.65 – $43.88	437,800	5.0	$	41.24	115,175	$	33.83
$47.89 – $63.64	943,880	4.1	$	53.52	543,049	$	52.96
	1,397,180				673,724