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Equity Incentive Program (Tables) | 12 Months Ended
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Dec. 31, 2016
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:
| Years Ended December 31,
(in millions) | 2016 |  | 2015 |  | 2014
Pre-tax stock-based compensation expense | $ | 21.5 |  |  | $ | 15.2 |  |  | $ | 8.6 |
Tax benefit | — |  |  | — |  |  | (3.0 | )
Total stock-based compensation expense, net of tax | $ | 21.5 |  |  | $ | 15.2 |  |  | $ | 5.6 |
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
| 2016 |  | 2015 |  | 2014
Risk-free interest rate | 1.04% | to | 1.25% |  | 1.24% | to | 1.50% |  | 1.32% | to | 1.70%
Dividend yield | —% |  | —% |  | —%
Expected life (years) | 4.5 |  | 4.5 |  | 4.5 | to | 5.3
Volatility | 37.0% | to | 39.6% |  | 39.8% | to | 42.4% |  | 42.9% | to | 49.9%
Fair value at date of grant | $3.76 | to | $4.83 |  | $5.94 | to | $6.88 |  | $7.99 | to | $13.50
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, 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)
(in millions except share and per share amounts)
Outstanding at December 31, 2015 | 1,013,780 |  |  | $ | 20.92 |  |  |  |  |  |  | 3,165,556 |  |  | $ | 22.58 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |  |  | 2,038,013 |  |  | 11.20 |  |  |  |  |
Exercised | (56,707 | ) |  | 14.50 |  |  |  |  |  |  | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |  |  | (410,959 | ) |  | 18.15 |  |  |  |  |
Expired | (58,355 | ) |  | $ | 22.06 |  |  |  |  |  |  | (108,493 | ) |  | $ | 22.22 |  |  |  |  |
Outstanding at December 31, 2016 | 898,718 |  |  | $ | 21.25 |  |  | $ | 0.5 |  |  | 4.9 |  | 4,684,117 |  |  | $ | 18.03 |  |  | $ | 10.4 |  |  | 5.5
Exercisable at December 31, 2016 | 898,718 |  |  | $ | 21.25 |  |  | $ | 0.5 |  |  | 4.9 |  | 938,890 |  |  | $ | 22.67 |  |  | $ | — |  |  | 5.0
Schedule of Other Share-based Compensation, Activity | Other information regarding the exercise of SSARs and stock options is listed below:
| Years Ended December 31,
(in millions) | 2016 |  | 2015 |  | 2014
SSARs |  |  |  |  |
Fair value of SSARs that are exercisable | $ | 1.9 |  |  | $ | 0.6 |  |  | $ | 1.1 |
Aggregate intrinsic value of SSARs exercised | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.1 |
Stock Options |  |  |  |  |
Cash received by Knowles for exercise of stock options | $ | — |  |  | $ | — |  |  | $ | 0.1 |
Aggregate intrinsic value of options exercised | $ | — |  |  | $ | — |  |  | $ | 0.2 |
Schedule of Restricted Stock Units Award Activity | The following table summarizes the Company's RSU balances for the year ended December 31, 2016:
| Share units |  | Weighted-average grant date fair value
Unvested at December 31, 2015 | 1,079,994 |  |  | $ | 24.41 |
Granted | 1,685,512 |  |  | 12.17 |
Vested | (415,905 | ) |  | 19.81 |
Forfeited | (274,603 | ) |  | 15.81 |
Unvested at December 31, 2016 | 2,074,998 |  |  | $ | 14.94 |

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