Employee Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2014

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				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Cost of products sold, excluding depreciation and amortization and other items	$	1.4	$	1.3	$	2.5	$	2.4
Selling, administrative, research and development, and general	3.2		3.5		4.5		6.5
Total costs recorded in connection with STI Plans	$	4.6	$	4.8	$	7.0	$	8.9

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

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Fabricated Products	$	3.5	$	3.3	$	5.4	$	6.2
All Other	1.1		1.5		1.6		2.7
Total costs recorded in connection with STI Plans	$	4.6	$	4.8	$	7.0	$	8.9

Non-cash compensation expense

Non-cash compensation expense by type of award under LTI Programs were as follows, for each period presented:

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Service-based non-vested common shares and restricted stock units	$	1.2	$	0.8	$	2.3	$	2.5
Performance shares	0.5		1.1		1.0		2.0
Market-based shares	0.6		—		1.0		—
Total non-cash compensation expense	$	2.3	$	1.9	$	4.3	$	4.5

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

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Fabricated Products	$	1.1	$	0.6	$	2.1	$	1.2
All Other	1.2		1.3		2.2		3.3
Total non-cash compensation expense	$	2.3	$	1.9	$	4.3	$	4.5

Unrecognized gross compensation cost data

The following table presents unrecognized gross compensation cost data as of June 30, 2014:

	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	$	9.5	2.9
Performance shares	$	3.0	1.5
Market-based shares	$	5.7	2.6

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

A summary of the activity with respect to non-vested common shares, restricted stock units and performance shares for the six months ended June 30, 2014 is as follows:

	Non-Vested Common Shares				Restricted Stock Units				Performance Shares				Performance Shares (Market-Based)
	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		Shares		Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2013	143,967		$	51.09	5,472		$	51.03	562,554		$	49.26	—		—
Granted	118,638		66.31		2,235		67.42		—		—		160,868		83.18
Vested	(62,659	)	52.43		(2,350	)	46.83		(42,545	)	47.04		—		—
Forfeited	(526	)	55.03		—		—		(1,682	)	50.40		(235	)	83.18
Canceled	—		—		—		—		(139,384	)	46.77		—		—
Outstanding at June 30, 2014	199,420		$	59.71	5,357		$	59.71	378,943		$	50.43	160,633		83.18

A summary of select activity with respect to non-vested common shares, restricted stock units and performance shares for the six months ended June 30, 2013 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	74,236		$	58.49	2,600		$	57.70	170,298		$	57.57
Vested	(81,161	)	$	41.67	(2,311	)	$	42.74	(32,312	)	$	34.13