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Stock-Based Compensation (Tables)
 9 Months Ended
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