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Equity Incentive Program (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-Based Compensation Recognized Period Costs
The following table summarizes the compensation expense recognized by the Company for the periods presented (in millions):
 
Years Ended December 31,
 
2015
 
2014
 
2013
Pre-tax compensation expense
$
16.5

 
$
9.0

 
$
2.0

Tax benefit
—

 
(3.1
)
 
(0.7
)
Total stock-based compensation expense, net of tax
$
16.5

 
$
5.9

 
$
1.3
Schedule of Black-Scholes Option-Pricing Assumptions
The fair value of stock options granted by the Company subsequent to the Separation and our Former Parent's SSARs and stock options granted to Knowles employees prior to the Separation was estimated on the date of grant using a Black-Scholes option-pricing model based on the assumptions shown in the table below.
 
Knowles Grants
 
Former Parent Grants
 
2015
 
2014
 
2013
Risk-free interest rate
1.24
%
to
1.50%
 
1.32%
to
1.70%
 
1.39%
Dividend yield
—%
 
—%
 
2.06%
Expected life (years)
4.5
 
4.5
to
5.3
 
7.1
Volatility
39.8
%
to
42.4%
 
42.9%
to
49.9%
 
33.8%
Fair value at date of grant
$5.94
to
$6.88
 
$7.99
to
$13.50
 
$20.62
Schedule of SSAR and Stock Options Activity
The following table summarizes the Company's SSAR and stock option activity for the year ended December 31, 2015 (in millions except share and per share amounts).
 
SSARs
 
Stock Options
 
Number of Shares
 
Weighted-Average Exercise Price
 
Aggregate Intrinsic Value
 
Weighted-Average Remaining Contractual Term (Years)
 
Number of Shares
 
Weighted-Average Exercise Price
 
Aggregate Intrinsic Value
 
Weighted-Average Remaining Contractual Term (Years)
Outstanding at December 31, 2014
1,064,383

 
$
20.81

 
 
 
 
 
1,327,990

 
$
29.31

 
 
 
 
Granted
—

 
—

 
 
 
 
 
1,980,959

 
18.00

 
 
 
 
Assumed from Audience Acquisition
—

 
—

 
 
 
 
 
29,117

 
17.50

 
 
 
 
Exercised
(18,947
)
 
11.79

 
 
 
 
 
(2,100
)
 
12.65

 
 
 
 
Forfeited
(13,380
)
 
23.92

 
 
 
 
 
(162,069
)
 
20.67

 
 
 
 
Expired
(18,276
)
 
$
21.89

 
 
 
 
 
(8,341
)
 
$
28.83

 
 
 
 
Outstanding at December 31, 2015
1,013,780

 
$
20.92

 
$
0.1

 
5.8
 
3,165,556

 
$
22.58

 
$
—

 
6.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2015
687,897

 
$
19.50

 
$
0.1

 
5.1
 
217,506

 
$
29.19

 
$
—

 
5.3
Schedule of Other Share-based Compensation, Activity
Other information regarding the exercise of SSARs and stock options is listed below (in millions):
 
Years Ended December 31,
 
2015
 
2014
 
2013
SSARs
 
 
 
 
 
Fair value of SSARs that are exercisable
$
0.6

 
$
1.1

 
$
1.2

Aggregate intrinsic value of SSARs exercised
$
0.1

 
$
0.1

 
$
7.0

 
 
 
 
 
 
Stock Options
 
 
 
 
 
Cash received by Knowles for exercise of stock options
$
—

 
$
0.1

 
 N/A

Cash received by the Former Parent for exercise of stock options
N/A

 
 N/A

 
$
0.8

Aggregate intrinsic value of options exercised
$
—

 
$
0.2

 
$
0.9
Schedule of Restricted Stock Units Award Activity
The following table summarizes the Company's RSU balances for the year ended December 31, 2015.
 
Share units
 
Weighted-average grant date fair value
Unvested at December 31, 2014
390,939

 
$
28.41

Granted
546,765

 
18.48

Assumed from Audience Acquisition
432,254

 
17.92

Vested
(217,316
)
 
20.82

Forfeited
(72,648
)
 
20.00

Unvested at December 31, 2015
1,079,994

 
$
24.41