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Share-Based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-based compensation expense and income tax benefits recognized during the periods | The following table provides information on share-based compensation expense and related income tax benefits recognized in 2015, 2014 and 2013:
|  | Years ended December 31,
|  | 2015 |  | 2014 |  | 2013
|  | (In thousands)
Stock option and stock purchase plans |  | $ | 8,048 |  |  | 9,023 |  |  | 8,303 |
Unvested stock awards |  | 13,133 |  |  | 11,882 |  |  | 11,007 |
Share-based compensation expense |  | 21,181 |  |  | 20,905 |  |  | 19,310 |
Income tax benefit |  | (7,271 | ) |  | (7,300 | ) |  | (6,224 | )
Share-based compensation expense, net of tax |  | $ | 13,910 |  |  | 13,605 |  |  | 13,086 |
Summary of share-based compensation expense recognized related to cash awards | The following table is a summary of compensation expense recognized related to cash awards in addition to share-based compensation expense reported in the previous table.
|  | Years ended December 31
|  | 2015 |  | 2014 |  | 2013
|  | (In thousands)
Cash awards |  | $ | 532 |  |  | 1,900 |  |  | 996 |
Summary of stock option activity | The following is a summary of option activity under our stock option plans as of and for the year ended December 31, 2015:
|  | Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term |  | Aggregate Intrinsic Value
|  | (In thousands) |  |  |  | (In years) |  | (In thousands)
Options outstanding at January 1 |  | 1,269 |  |  | $ | 58.03 |  |  |  |  |
Granted |  | 363 |  |  | 93.55 |  |  |  |  |
Exercised |  | (282 | ) |  | 54.26 |  |  |  |  |
Forfeited or expired |  | (87 | ) |  | 71.63 |  |  |  |  |
Options outstanding at December 31 |  | 1,263 |  |  | $ | 68.13 |  |  | 6.6 |  | $ | 3,326 |
Vested and expected to vest at December 31 |  | 1,238 |  |  | $ | 67.63 |  |  | 6.1 |  | $ | 3,358 |
Exercisable at December 31 |  | 588 |  |  | $ | 53.72 |  |  | 4.4 |  | $ | 3,339 |
Summary of Nonvested stock awards | The following is a summary of the status of Ryder’s unvested restricted stock awards as of and for the year ended December 31, 2015:
|  | Time-Vested |  | Market-Based |  | Performance-Based
|  | Shares |  | Weighted- Average Grant Date Fair Value |  | Shares |  | Weighted- Average Grant Date Fair Value |  | Shares |  | Weighted- Average Grant Date Fair Value
|  | (In thousands) |  |  |  | (In thousands) |  |  |  | (In thousands) |  |
Unvested stock outstanding at January 1 |  | 514 |  | $ | 61.83 |  |  | 94 |  | $ | 50.27 |  |  | 47 |  | $ | 68.29 |
Granted (1) |  | 90 |  | 91.84 |  |  | 19 |  | 89.40 |  |  | 42 |  | 93.05 |
Vested (1) |  | (102) |  | 53.95 |  |  | (46) |  | 43.38 |  |  | — |  | — |
Forfeited (2) |  | (29) |  | 74.06 |  |  | (5) |  | 56.98 |  |  | (13) |  | 60.57 |
Unvested stock outstanding at December 31 |  | 473 |  | $ | 68.50 |  |  | 62 |  | $ | 66.97 |  |  | 76 |  | $ | 83.31 |
(1) Includes awards attained above target. (2) Includes awards canceled due to performance and market conditions not being achieved.
Weighted-average assumptions used for options granted | The following table presents the weighted-average assumptions used for options granted:
|  | Years ended December 31,
|  | 2015 |  | 2014 |  | 2013
Option plans: |  |  |  |  |  |
Expected dividends |  | 1.6% |  | 1.9% |  | 2.1%
Expected volatility |  | 26.4% |  | 29.1% |  | 35.1%
Risk-free rate |  | 1.4% |  | 1.3% |  | 0.7%
Expected term in years |  | 4.3 years |  | 4.3 years |  | 4.3 years
Grant-date fair value |  | $18.47 |  | $14.99 |  | $13.97

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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