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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-based compensation expense | The following table summarizes our stock-based compensation expense for the three months and nine months ended September 30, 2014 and 2013.
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in millions) |  | 2014 |  | 2013 |  | 2014 |  | 2013
RSUs and PRSUs |  | $ | 4.7 |  |  | $ | 2.5 |  |  | $ | 9.0 |  |  | $ | 5.4 |
Stock options |  | 1.5 |  |  | 0.1 |  |  | 1.9 |  |  | 0.4 |
Stock-based compensation expense, before income taxes |  | 6.2 |  |  | 2.6 |  |  | 10.9 |  |  | 5.8 |
Tax benefit |  | (0.7 | ) |  | (1.1 | ) |  | (2.8 | ) |  | (2.4 | )
Stock-based compensation expense, net of tax |  | $ | 5.5 |  |  | $ | 1.5 |  |  | $ | 8.1 |  |  | $ | 3.4 |
Activity of RSUs and PRSUs Issued to Our Employees | The following table summarizes the activity of the RSUs and PRSUs issued to our employees.
|  | CBS RSUs |  | Outdoor RSUs
|  | Activity |  | Weighted Average Per Share Grant Date Fair Market Value |  | Activity |  | Weighted Average Per Share Grant Date Fair Market Value |  | RSU and PRSU Dividend Equivalents
Non-vested as of December 31, 2013 |  | 472,490 |  |  | $ | 32.09 |  |  |  |  |  |  |
Employee transfers and grants |  | 11,875 |  |  | 34.66 |  |  |  |  |  |  |
Vested |  | (157,723 | ) |  | 22.51 |  |  |  |  |  |  |
Forfeited |  | (2,909 | ) |  | 37.67 |  |  |  |  |  |  |
Non-vested before conversion |  | 323,733 |  |  | 36.80 |  |  |  |  |  |  |
CBS RSUs converted to Outdoor RSUs |  | (256,172 | ) |  | 37.77 |  |  |  |  |  |  |
Non-vested Outdoor RSUs converted from CBS RSUs |  |  |  |  |  | 561,021 |  |  | $ | 17.24 |  |  |
Non-vested CBS RSUs not converted to Outdoor RSUs(a) |  | 67,561 |  |  | 33.16 |  |  |  |  |  |  |
Granted: |  |  |  |  |  |  |  |  |  |
RSUs |  |  |  |  |  | 478,311 |  |  | 29.59 |  |  |
PRSUs |  |  |  |  |  | 168,468 |  |  | 29.70 |  |  |
Dividend equivalents |  |  |  |  |  |  |  |  |  | 10,032 |
Vested: |  |  |  |  |  |  |  |  |  |
RSUs |  | (67,561 | ) |  | 33.16 |  |  | (5,848 | ) |  | 25.91 |  |  |
PRSUs |  |  |  |  |  | (6,955 | ) |  | 25.88 |  |  |
Forfeitures: |  |  |  |  |  |  |  |  |  |
RSUs |  |  |  |  |  | (27,965 | ) |  | 24.39 |  |  |
PRSUs |  |  |  |  |  | (15,289 | ) |  | 26.39 |  |  |
Dividend equivalents |  |  |  |  |  |  |  |  |  | (2 | )
Non-vested as of September 30, 2014 |  | — |  |  | — |  |  | 1,151,743 |  |  | 23.78 |  |  | 10,030
(a) | Reflects CBS RSUs which vested in April 2014.
Activity of CBS's Stock Options Issued to Our Employees | The following table summarizes the activity of CBS’ stock options issued to our employees.
|  | CBS Stock Options |  | CBS Weighted Average Exercise Price |  | Outdoor Stock Options |  | Outdoor Weighted Average Exercise Price
Outstanding as of December 31, 2013 |  | 399,581 |  |  | $ | 29.30 |  |  |  |  |
Exercised |  | (123,260 | ) |  | 22.04 |  |  |  |  |
Forfeited or expired |  | (38,523 | ) |  | 30.75 |  |  |  |  |
CBS stock options converted to Outdoor stock options |  | (219,741 | ) |  | 33.27 |  |  |  |  |
Outstanding Outdoor stock options converted from CBS stock options |  |  |  |  |  | 409,207 |  |  | $ | 17.87 |
Exercised |  |  |  |  |  | (2,426 | ) |  | 14.71 |
Forfeited or expired |  |  |  |  |  | (16,170 | ) |  | 23.08 |
Outstanding as of September 30, 2014 |  | 18,057 |  |  | 27.38 |  |  | 390,611 |  |  | 17.67 |
Exercisable as of September 30, 2014 |  | 18,057 |  |  | 27.38 |  |  | 166,234 |  |  | 12.29 |

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