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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Shareholders' Equity  
Schedule of outstanding awards issued pursuant to plans

The following table summarizes the outstanding awards issued pursuant to the 2006 Plan described above as of December 31, 2015 and the remaining shares of common stock available for future issuance (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

    

Remaining

 

 

 

 

 

 

 

 

shares of

 

 

 

 

 

 

 

 

common stock

 

 

Restricted

 

 

 

SSAR

 

available for

Plan name

 

Stock

 

RSUs

 

Awards

 

future issuance

2006 Plan (1)

 

1.4

 

0.7

 

0.2

 

3.2

 

As of December 31, 2015, unvested restricted stock will vest between February 2016 and August 2020, unvested RSUs will vest between February 2016 and May 2020 and the outstanding SSAR Awards will expire between March 2018 and March 2020. RSUs granted to non‑employee directors under the 2006 Plan prior to 2011 remain outstanding until the date the non‑employee director ceases, for any reason, to be a member of the Board of Directors.

Schedule of unvested restricted stock outstanding

The following table summarizes the status of our unvested restricted stock outstanding and related transactions for each of the following years (in millions, except weighted average grant‑date fair value price and weighted average remaining vesting term data):

 

 

 

 

 

 

 

 

 

 

 

 

Unvested Restricted Stock Outstanding

 

    

 

    

 

 

    

 

 

    

Weighted

 

 

 

 

Weighted

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Remaining

 

 

Unvested

 

Grant-date

 

 

Aggregate

 

Vesting

 

 

Restricted

 

Fair Value

 

 

Intrinsic

 

Term

 

 

Stock

 

Price

 

 

Value

 

(in Years)

As of December 31, 2012

 

1.1

 

$

39.38

 

$

45.3

 

3.4

Granted

 

0.3

 

 

41.83

 

 

 

 

 

Vested

 

 —

 

 

37.00

 

 

 

 

 

Forfeited

 

 —

 

 

38.89

 

 

 

 

 

As of December 31, 2013

 

1.4

 

 

40.07

 

 

59.3

 

2.7

Granted

 

0.3

 

 

44.18

 

 

 

 

 

Vested

 

(0.2)

 

 

38.00

 

 

 

 

 

Forfeited

 

 —

 

 

39.58

 

 

 

 

 

As of December 31, 2014

 

1.5

 

 

41.18

 

 

70.2

 

2.1

Granted

 

0.2

 

 

49.95

 

 

 

 

 

Vested

 

(0.2)

 

 

39.63

 

 

 

 

 

Forfeited

 

(0.1)

 

 

41.84

 

 

 

 

 

As of December 31, 2015

 

1.4

 

$

42.69

 

$

54.9

 

1.4

 

Schedule of RSUs

The following table summarizes the status of our RSUs and related transactions for each of the following years (in millions, except for weighted average grant‑date fair value data and weighted average remaining contractual life):

 

 

 

 

 

 

 

 

 

 

 

 

RSUs Outstanding

 

    

 

    

 

 

    

 

 

    

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

Weighted

 

 

 

 

Remaining

 

 

 

 

Average

 

 

Aggregate

 

Contractual

 

 

 

 

Grant-date

 

 

Intrinsic

 

Life

 

 

RSUs

 

Fair Value

 

 

Value

 

(in Years)

As of December 31, 2012

 

1.0

 

$

34.06

 

$

39.9

 

1.5

Granted

 

 —

 

 

40.59

 

 

 

 

 

Issued

 

(0.3)

 

 

32.00

 

 

 

 

 

Forfeited

 

 —

 

 

35.92

 

 

 

 

 

As of December 31, 2013

 

0.7

 

 

35.61

 

 

31.8

 

1.3

Granted

 

0.3

 

 

44.34

 

 

 

 

 

Issued

 

(0.2)

 

 

36.67

 

 

 

 

 

Forfeited

 

-

 

 

40.25

 

 

 

 

 

As of December 31, 2014

 

0.8

 

 

38.55

 

 

36.9

 

1.5

Granted

 

0.2

 

 

51.00

 

 

 

 

 

Issued

 

(0.3)

 

 

38.80

 

 

 

 

 

Forfeited

 

 —

 

 

42.65

 

 

 

 

 

As of December 31, 2015

 

0.7

 

$

43.10

 

$

28.0

 

1.7

 

Schedule of outstanding and exercisable SSAR Awards

The following table summarizes the status of our outstanding and exercisable SSAR Awards and related transactions for each of the following years (in millions, except weighted average exercise price and weighted average remaining contractual life data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SSAR Awards Outstanding

 

SSAR Awards Exercisable

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Average

 

 

 

 

Weighted

 

 

 

Remaining

 

 

 

Weighted

 

 

 

Remaining

 

 

 

 

Average

 

Aggregate

 

Contractual

 

 

 

Average

 

Aggregate

 

Contractual

 

 

SSAR

 

Exercise

 

Intrinsic

 

Life

 

SSAR

 

Exercise

 

Intrinsic

 

Life

 

    

Awards

    

Price

    

Value

    

(in Years)

    

Awards

    

Price

    

Value

    

(in Years)

As of December 31, 2012

 

0.4

 

$

15.30

 

$

10.9

 

0.6

 

0.3

 

 

16.02

 

 

8.1

 

0.7

Granted

 

0.2

 

 

41.42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

(0.4)

 

 

14.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 —

 

 

37.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2013

 

0.2

 

 

37.69

 

 

1.5

 

3.6

 

 —

 

 

23.25

 

 

1.1

 

1.0

Exercised

 

 —

 

 

22.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 —

 

 

40.91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2014

 

0.2

 

 

40.06

 

 

1.5

 

3.0

 

 —

 

$

35.81

 

$

0.6

 

2.2

Granted

 

 —

 

 

57.48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 —

 

 

25.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

0.2

 

$

42.91

 

$

 —

 

2.5

 

 —

 

$

42.06

 

$

 —

 

2.2

 

Schedule of unrecognized compensation cost

 

 

 

 

Year Ended December 31,

    

    

 

2016

 

$

14.6

2017

 

 

10.8

2018

 

 

5.7

2019

 

 

1.3

2020

 

 

0.2

 

 

$

32.6

 

Schedule of components of other comprehensive income and accumulated other comprehensive loss

Our other comprehensive loss, consisting of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and cash flow hedges, was as follows (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

    

Foreign

    

 

 

    

Accumulated

 

 

Currency

 

 

 

 

Other

 

 

Translation

 

Cash

 

Comprehensive

 

 

Adjustments

 

Flow Hedges

 

Loss

Balance as of December 31, 2013

 

$

(29.3)

 

$

 —

 

$

(29.3)

Other comprehensive loss

 

 

(30.9)

 

 

 —

 

 

(30.9)

Balance as of December 31, 2014

 

 

(60.2)

 

 

 —

 

 

(60.2)

Other comprehensive loss

 

 

(49.6)

 

 

0.6

 

 

(49.0)

Less: Net other comprehensive income attributable to noncontrolling interest

 

 

4.0

 

 

 —

 

 

4.0

Balance as of December 31, 2015

 

$

(113.8)

 

$

0.6

 

$

(113.2)