Employee Incentive Plans (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Cost of products sold, excluding depreciation and amortization and other items	$	1.3	$	1.0	$	3.8	$	3.4
Selling, administrative, research and development, and general	1.6		2.4		6.1		8.9
Total costs recorded in connection with STI Plans	$	2.9	$	3.4	$	9.9	$	12.3

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Fabricated Products	$	2.2	$	2.4	$	7.6	$	8.6
All Other	0.7		1.0		2.3		3.7
Total costs recorded in connection with STI Plans	$	2.9	$	3.4	$	9.9	$	12.3

Non-cash compensation expense

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Service-based non-vested common shares and restricted stock units	$	0.5	$	0.9	$	2.8	$	3.4
Performance shares	—		0.5		1.0		2.5
Market-based shares	0.4		—		1.4		—
Total non-cash compensation expense	$	0.9	$	1.4	$	5.2	$	5.9

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Fabricated Products	$	0.5	$	0.5	$	2.6	$	1.7
All Other	0.4		0.9		2.6		4.2
Total non-cash compensation expense	$	0.9	$	1.4	$	5.2	$	5.9

Unrecognized gross compensation cost data

The following table presents unrecognized gross compensation cost data as of September 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	$	6.5	2.3
Performance shares	$	2.3	1.3
Market-based shares	$	5.0	2.4

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 nine months ended September 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	119,536		66.41		2,235		67.42		—		—		160,868		83.18
Vested	(64,493	)	52.20		(2,350	)	46.83		(42,545	)	47.21		—		—
Forfeited	(40,503	)	60.21		—		—		(28,613	)	51.44		(10,645	)	83.18
Canceled	—		—		—		—		(137,820	)	46.65		—		—
Outstanding at September 30, 2014	158,507		$	59.86	5,357		$	59.71	353,576		$	50.35	150,223		$	83.18

A summary of select activity with respect to non-vested common shares, restricted stock units and performance shares for the nine months ended September 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	76,336		$	58.65	2,600		$	57.70	175,317		$	57.75
Vested	(90,233	)	$	42.31	(2,311	)	$	42.74	(34,192	)	$	34.84