Employee Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2015

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 (in millions of dollars):

	Quarter Ended
	March 31,
	2015		2014
Cost of products sold, excluding depreciation and amortization and other items	$	0.8	$	1.1
Selling, general, administrative, research and development	2.5		1.3
Total costs recorded in connection with STI Plans	$	3.3	$	2.4

The following table presents the allocation of the charges detailed above, by segment (in millions of dollars):

	Quarter Ended
	March 31,
	2015		2014
Fabricated Products	$	2.4	$	1.9
All Other	0.9		0.5
Total costs recorded in connection with STI Plans	$	3.3	$	2.4

Non-cash compensation expense

Non-cash compensation expense by type of award under LTI Programs were as follows for each period presented (in millions of dollars):

	Quarter Ended
	March 31,
	2015		2014
Non-vested common shares and restricted stock units	$	1.1	$	1.1
EVA-Based Performance Shares	0.4		0.5
TSR-Based Performance Shares	0.6		0.4
Total non-cash compensation expense	$	2.1	$	2.0

The following table presents the allocation of the charges detailed above, by segment (in millions of dollars):

	Quarter Ended
	March 31,
	2015		2014
Fabricated Products	$	0.7	$	1.0
All Other	1.4		1.0
Total non-cash compensation expense	$	2.1	$	2.0

Unrecognized gross compensation cost data

The following table presents unrecognized gross compensation cost data by type of award:

	March 31, 2015
	Unrecognized gross compensation costs (in millions of dollars)		Expected period (in years) over which the remaining gross compensation costs will be recognized
Non-vested common shares and restricted stock units	$	8.2	2.5
EVA-Based Performance Shares	$	1.1	1.0
TSR-Based Performance Shares	$	10.9	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, EVA-Based Performance Shares and TSR-Based Performance Shares for the quarter endedMarch 31, 2015 was 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, 2014	158,770		$	59.88	5,357		$	59.71	353,576		$	50.35	150,223		$	83.18
Granted1	51,510		69.83		2,325		69.83		—		—		150,424		95.68
Vested	(41,562	)	47.53		(2,161	)	52.91		(48,648	)	44.48		—		—
Forfeited1	(540	)	66.80		—		—		(432	)	57.54		(404	)	83.18
Canceled2	—		—		—		—		(146,016	)	44.48		—		—
Outstanding at March 31, 2015	168,178		$	65.95	5,521		$	66.64	158,480		$	57.75	300,243		$	89.44

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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.