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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Yearly amounts recognized in total for all stock-based awards were as follows (in millions):
 
2012
 
2011
 
2010
Compensation cost
$3.4
 
$4.7
 
$30.1
Income tax benefit
$0.9
 
$0.8
 
0
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The significant assumptions used to estimate the fair value of stock option awards using the Black-Scholes model are as follows:
 
 
2012
 
2011
 
2010
Risk-free interest rate
n/a
 
2.21%
 
n/a
Expected term (in years)
n/a
 
6
 
n/a
Volatility
n/a
 
60.1%
 
n/a
Expected dividend yield
n/a
 
0
 
n/a
Summary of the Activity and Other Information Related to Stock Option Awards
The following table summarizes the activity related to stock options in 2012:
Stock Options
Number of
Shares
 
Weighted Average
Exercise Price
 
Weighted Average Remaining Contractual Term
 
Intrinsic Value
Outstanding at January 1, 2012
52,819

 
$
48.87

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
—

 
—

 
 
 
 
Forfeited and expired
(17,195
)
 
48.87

 
 
 
 
Outstanding at December 31, 2012
35,624

 
$
48.87

 
4.04
 
0
Options exercisable at December 31, 2012
11,875

 
$
48.87

 
4.04
 
0


Additional annual information for stock options is included in the following table (in millions):
 
2012
 
2011
 
2010
Weighted average grant-date fair value of options granted
n/a
 
$1.5
 
$8.0
Total intrinsic value of options exercised
n/a
 
n/a
 
$14.3
Total fair value of options vested
$0.3
 
n/a
 
$8.0
PBRSUs
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Activity Related to Stock-based Awards
The following tables summarize the activity related to restricted stock-based awards for the year ended December 31, 2012:
PBRSUs
Number of
Shares
 
Weighted Average
Grant-Date
Price
Unvested at January 1, 2012
—

 
—

Granted
45,576

 
$
30.33

Forfeited
(16,274
)
 
$
30.33

Vested
—

 
—

Unvested at December 31, 2012
29,302

 
$
30.33
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Additional annual information for restricted stock-based awards is included in the following tables (in millions):
PBRSUs
2012
 
2011
 
2010
Weighted average grant-date fair value of shares granted
$1.4
 
n/a
 
n/a
Total fair value of shares vested
n/a
 
n/a
 
n/a
RSUs
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Activity Related to Stock-based Awards
RSUs
Number of
Shares
 
Weighted Average
Grant-Date
Price
Unvested at January 1, 2012
78,544

 
$
56.55

Granted
239,618

 
$
23.12

Forfeited
(92,848
)
 
$
36.92

Vested*
(43,712
)
 
$
17.38

Unvested at December 31, 2012
181,602

 
$
32.15


*
Includes: a) deferral and conversion of a portion of fees payable to certain non-employee directors of the Company; b) deferral and conversion of a portion of the 2011 annual cash bonuses paid to certain executive officers and other employees of the Company; and c) RSUs with an accelerated vesting period that were granted to some employees of Molycorp Canada on the acquisition date.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
RSUs
2012
 
2011
 
2010
Weighted average grant-date fair value of shares granted
$5.5
 
$4.5
 
n/a
Total fair value of shares vested
$0.8
 
$0.1
 
n/a
Restricted Stock
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Activity Related to Stock-based Awards
RSAs
Number of
Shares
 
Weighted Average
Grant-Date
Price
Unvested at January 1, 2012
48,924

 
$
40.20

Granted
—

 
—

Forfeited
(8,950
)
 
$
48.87

Vested
—

 
—

Unvested at December 31, 2012
39,974

 
$
40.09
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
RSAs
2012
 
2011
 
2010
Weighted average grant-date fair value of shares granted
n/a
 
$0.6
 
$1.4
Total fair value of shares vested
n/a
 
n/a
 
$1.4