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Stock Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2017
Share-based Compensation [Abstract]  
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value
The weighted average grant-date fair value of performance awards granted under the 2006 Plan during 2017, 2016 and 2015 was as follows:
 
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
Weighted average grant-date fair value
 
$
61.94

 
$
47.93

 
$
45.54

Performance Award Transactions
Performance award transactions during 2017 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
1,982,120

Shares awarded
539,598

Shares forfeited or unearned
(876,640
)
Shares earned and vested

Shares awarded but not earned at December 31
1,645,078

Restricted Stock Unit Award Transactions
RSU transactions during the year ended December 31, 2017 were as follows:
Shares awarded but not vested at January 1
222,730

Shares awarded
111,166

Shares forfeited
(7,783
)
Shares vested
(88,645
)
Shares awarded but not vested at December 31
237,468

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 years ended December 31, 2017, 2016 and 2015:
 
Years Ended December 31,
 
2017
 
2016
 
2015
Weighted average grant-date fair value
$
11.45

 
$
7.98

 
$
7.41

Weighted average assumptions under Black-Scholes option model:
 

 
 

 
 

Expected life of awards (years)
3.0

 
3.0

 
3.0

Risk-free interest rate
1.5
%
 
1.1
%
 
0.9
%
Expected volatility
25.9
%
 
25.9
%
 
25.9
%
Expected dividend yield
0.9
%
 
1.1
%
 
1.1
%
SSAR Activity
SSAR transactions during the year ended December 31, 2017 were as follows:
SSARs outstanding at January 1
 
1,458,611

SSARs granted
 
286,200

SSARs exercised
 
(670,269
)
SSARs canceled or forfeited
 
(14,350
)
SSARs outstanding at December 31
 
1,060,192

SSAR price ranges per share:
 
 

Granted
$
63.47-70.41

Exercised
 
32.01-55.23

Canceled or forfeited
 
32.01-63.47

Weighted average SSAR exercise prices per share:
 
 

Granted
$
63.51

Exercised
 
52.04

Canceled or forfeited
 
48.42

Outstanding at December 31
 
52.48

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 lives by groups of similar price as of December 31, 2017:
 
 
SSARs Outstanding
 
SSARs Exercisable
Range of Exercise Prices
 
Number of
Shares
 
Weighted Average
Remaining
Contractual Life
(Years)
 
Weighted Average
Exercise Price
 
Exercisable as of December 31, 2017
 
Weighted Average
Exercise Price
$43.39-$52.94
 
614,600

 
4.1
 
$
46.35

 
248,975

 
$
47.62

$55.07-$70.41
 
445,592

 
5.0
 
$
60.94

 
99,067

 
$
57.11

 
 
1,060,192

 
 
 
 
 
348,042

 
$
50.32