XML 64 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity Incentive Program (Tables)
6 Months Ended
Jun. 30, 2018
Share-based Compensation [Abstract]  
Schedule of Black-Scholes Option-Pricing Assumptions
The expense related to stock options granted in the six months ended June 30, 2018 and 2017 was estimated on the date of grant using a Black-Scholes option-pricing model based on the assumptions shown in the table below:
 
Six Months Ended June 30,
 
2018
 
2017
Risk-free interest rate
2.59%
 
1.73%
to
1.93%
Dividend yield
—%
 
—%
Expected life (years)
4.5
 
4.5
Volatility
41.2%
 
38.1%
to
38.8%
Fair value at date of grant
$4.83
to
$5.39
 
$6.07
to
$6.73
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 six months ended June 30, 2018 (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, 2017
850,516

 
$
21.54

 
 
 
 
 
4,901,739

 
$
18.36

 
 
 
 
Granted

 

 
 
 
 
 
923,283

 
14.28

 
 
 
 
Exercised
(30,624
)
 
12.26

 
 
 
 
 
(26,595
)
 
11.02

 
 
 
 
Forfeited

 

 
 
 
 
 
(47,918
)
 
15.91

 
 
 
 
Expired
(37,897
)
 
22.79

 
 
 
 
 
(140,839
)
 
21.27

 
 
 
 
Outstanding at June 30, 2018
781,995

 
$
21.85

 
$0.1
 
3.6
 
5,609,670

 
$
17.67

 
$7.5
 
4.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at June 30, 2018
781,995

 
$
21.85

 
$0.1
 
3.6
 
3,555,319

 
$
19.37

 
$4.3
 
3.9
Schedule of Restricted Stock Units Award Activity
The following table summarizes the Company's restricted stock unit ("RSU") balances for the six months ended June 30, 2018:
 
Share units
 
Weighted-average grant date fair value
Unvested at December 31, 2017
2,202,576

 
$
16.54

Granted
1,569,435

 
14.14

Vested
(896,114
)
 
17.10

Forfeited
(193,995
)
 
15.37

Unvested at June 30, 2018
2,681,902

 
$
15.05



Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]
 
Share units
 
Weighted-average grant date fair value
Unvested at December 31, 2017
176,000

 
$
15.32

Granted
381,967

 
13.78

Vested

 

Forfeited

 

Unvested at June 30, 2018
557,967

 
$
14.27