XML 44 R34.htm IDEA: XBRL DOCUMENT v3.4.0.3

Equity Incentive Program (Tables)

3 Months Ended

Mar. 31, 2016

Share-based Compensation [Abstract]

Schedule of Black-Scholes Option-Pricing Assumptions

The expense related to stock options granted in the three months ended March 31, 2016 and 2015 was estimated on the date of grant using a Black-Scholes option-pricing model based on the assumptions shown in the table below.

	Three Months Ended March 31,
	2016				2015
Risk-free interest rate	1.04%				1.44%
Dividend yield	—%				—%
Expected life (years)	4.5				4.5
Volatility	39.6%				42.4%
Fair value at date of grant	$3.76				$6.59

Schedule of SSAR and Stock Options Activity

The following table summarizes the Company's stock-settled stock appreciation right ("SSAR") and stock option activity for the three months ended March 31, 2016 (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, 2015	1,013,780			$	20.92									3,165,556			$	22.58
Granted	—			—										1,875,001			11.02
Forfeited	—			—										(17,961	)		18.49
Expired	(5,672	)		15.32										(2,666	)		29.53
Outstanding at March 31, 2016	1,008,108			$	20.95			$	0.1			5.5		5,019,930			$	18.28			$	4.1			6.2
Exercisable at March 31, 2016	1,008,108			$	20.95			$	0.1			5.5		939,993			$	22.93			$	—			5.5

Schedule of Restricted Stock Units Award Activity

The following table summarizes the Company's restricted stock unit ("RSU") balances for the three months ended March 31, 2016.

	Share units			Weighted-average grant date fair value
Unvested at December 31, 2015	1,079,994			$	24.41
Granted	865,693			11.02
Vested	(196,502	)		20.95
Forfeited	(38,590	)		19.02
Unvested at March 31, 2016	1,710,595			$	16.23

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited 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

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration