Employee Incentive Plans (Tables)

12 Months Ended

Dec. 31, 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:

	Year Ended December 31,
	2014		2013		2012
Cost of products sold, excluding depreciation and amortization and other items	$	4.7	$	4.6	$	4.3
Selling, administrative, research and development and general	8.0		11.1		10.1
Total costs recorded in connection with STI Plans	$	12.7	$	15.7	$	14.4

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

	Year Ended December 31,
	2014		2013		2012
Fabricated Products	$	9.6	$	11.2	$	9.9
All Other	3.1		4.5		4.5
Total costs recorded in connection with STI Plans	$	12.7	$	15.7	$	14.4

Non-cash compensation expense

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

	Year Ended December 31,
	2014		2013		2012
Non-vested common shares and restricted stock units	$	3.9	$	4.3	$	3.8
EVA-Based Performance Shares	1.0		2.3		1.8
TSR-Based Performance Shares	1.9		—		—
Total non-cash compensation expense	$	6.8	$	6.6	$	5.6

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

	Year Ended December 31,
	2014		2013		2012
Fabricated Products	$	3.2	$	2.2	$	1.7
All Other	3.6		4.4		3.9
Total non-cash compensation expense	$	6.8	$	6.6	$	5.6

Unrecognized gross compensation cost data

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

	December 31, 2014
	Unrecognized gross compensation costs		Expected period (in years) over which the remaining gross compensation costs will be recognized
Non-vested common shares and restricted stock units	$	5.6	2.2
EVA-Based Performance Shares	$	1.6	1.0
TSR-Based Performance Shares	$	4.4	2.1

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, EVA-Based Performance Shares and TSR-Based Performance Shares for the year ended December 31, 2014 is as follows:

	Non-Vested Common Shares				Restricted Stock Units				EVA-Based Performance Shares				TSR-Based 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		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 1	119,799		66.42		2,235		67.42		—		—		160,868		83.18
Vested	(64,493	)	52.20		(2,350	)	46.83		(42,545	)	47.21		—		—
Forfeited 1	(40,503	)	60.21		—		—		(28,613	)	51.44		(10,645	)	83.18
Canceled 2	—		$	—	—		$	—	(137,820	)	46.65		—		—
Outstanding at December 31, 2014	158,770		$	59.88	5,357		$	59.71	353,576		$	50.35	150,223		$	83.18

_____________________

¹  For EVA-Based Performance Shares and TSR-Based Performance Shares, the number of shares granted and forfeited are presented at their maximum payout.

²  For EVA-Based Performance Shares and TSR-Based Performance Shares, canceled represents the number of shares that did not vest due to EVA or TSR performance results falling below those required for maximum payout.