Employee Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Compensation expense relating to short term incentive plans

Total costs relating to STI Plans were recorded as follows, for each period presented:



	Quarter Ended
	March 31,
	2012		2011
Cost of products sold	$	1.2	$	1.1
Selling, administrative, research and development, and general	2.7		1.1
Total costs recorded in connection with STI Plans	$	3.9	$	2.2

The following table presents the allocation of the charges detailed above, by segment:



	Quarter Ended
	March 31,
	2012		2011
Fabricated Products	$	2.7	$	1.7
All Other	1.2		0.5
Total costs recorded in connection with STI Plans	$	3.9	$	2.2

Non-cash compensation expense

Non-cash Compensation Expense. Recorded costs by type of award under LTI programs were as follows, for each period presented:



	Quarter Ended
	March 31,
	2012		2011
Service-based non-vested common shares and restricted stock units	$	1.7	$	1.0
Performance shares	0.8		0.4
Total non-cash compensation expense	$	2.5	$	1.4

The following table presents the allocation of the charges detailed above, by segment:



	Quarter Ended
	March 31,
	2012		2011
Fabricated Products	$	0.7	$	0.4
All Other	1.8		1.0
Total non-cash compensation expense	$	2.5	$	1.4

Unrecognized gross compensation cost data

Unrecognized Gross Compensation Cost Data. The following table presents unrecognized gross compensation cost data:

Summary of activity of non-vested common shares, restricted stock units, and performance shares

Summary of Activity. A summary of the activity with respect to non-vested common shares, restricted stock units and performance shares for the quarter ended March 31, 2012 is as follows:



	Non-Vested Common Shares				Restricted Stock Units				Performance Shares
	Shares		Weighted-Average Grant-Date Fair Value per Share		Units		Weighted-Average Grant-Date Fair Value per Unit		Shares		Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2011	202,836		$	29.24	6,072		$	33.67	777,934		$	26.84
Granted	72,859		44.46		2,486		44.46		211,900		44.46
Vested	(119,413	)	21.09		(3,375	)	25.77		(7,952	)	18.89
Forfeited	(1,402	)	44.03		—		—		—		—
Canceled	—		—		—		—		(398,191	)	14.49
Outstanding at March 31, 2012	154,880		$	42.55	5,183		$	43.99	583,691		$	41.77

A summary of select activity with respect to non-vested common shares, restricted stock units and performance shares for the quarter ended March 31, 2011 is as follows:



	Non-Vested Common Shares				Restricted Stock Units				Performance Shares
	Shares		Weighted-Average Grant-Date Fair Value per Share		Units		Weighted-Average Grant-Date Fair Value per Unit		Shares		Weighted-Average Grant-Date Fair Value per Share
Granted	63,303		$	46.59	2,182		$	46.59	186,918		$	46.59
Vested	(46,464	)	$	56.63	(3,314	)	$	16.83	(10,585	)	$	74.34

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

March 31, 2012

Unrecognized gross compensation costs, by award type

Expected period (in years) over which the remaining gross compensation costs will be recognized, by award type

Service-based non-vested common shares and restricted stock units

Performance shares