Employee Incentive Plans (Tables)

12 Months Ended

Dec. 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):



	Year Ended December 31,
	2015		2014		2013
Cost of products sold, excluding depreciation and amortization and other items	$	4.7	$	4.7	$	4.6
SG&A and R&D	9.3		8.0		11.1
Total costs recorded in connection with STI Plans	$	14.0	$	12.7	$	15.7

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



	Year Ended December 31,
	2015		2014		2013
Fabricated Products	$	10.2	$	9.6	$	11.2
All Other	3.8		3.1		4.5
Total costs recorded in connection with STI Plans	$	14.0	$	12.7	$	15.7

Non-cash compensation expense

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



	Year Ended December 31,
	2015		2014		2013
Non-vested common shares and restricted stock units	$	4.4	$	3.9	$	4.3
EVA-Based Performance Shares	0.9		1.0		2.3
TSR-Based Performance Shares	4.0		1.9		—
Total non-cash compensation expense	$	9.3	$	6.8	$	6.6

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



	Year Ended December 31,
	2015		2014		2013
Fabricated Products	$	3.5	$	3.2	$	2.2
All Other	5.8		3.6		4.4
Total non-cash compensation expense	$	9.3	$	6.8	$	6.6

Unrecognized gross compensation cost data

Unrecognized Gross Compensation Cost Data. The following table presents unrecognized gross compensation cost data by type of award as of December 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	$	5.8	1.9
EVA-Based Performance Shares	$	0.3	0.2
TSR-Based Performance Shares	$	7.5	1.9

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, 2015 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, 2014	158,770		$	59.88	5,357		$	59.71	353,576		$	50.35	150,223		$	83.18
Granted ¹	62,285		72.09		2,325		69.83		—		—		150,424		95.68
Vested	(63,515	)	53.68		(2,161	)	52.91		(49,945	)	44.81		—		—
Forfeited ¹	(987	)	66.93		—		—		(1,212	)	57.54		(770	)	89.12
Canceled ¹	—		—		—		—		(147,314	)	44.59		—		—
Outstanding at December 31, 2015	156,553		$	67.20	5,521		$	66.64	155,105		$	57.76	299,877		$	89.43

_____________________


^1.	For EVA-Based Performance Shares and TSR-Based Performance Shares, the number of shares granted and forfeited are presented at their maximum payout; and the number of shares canceled includes the number of shares that did not vest due to EVA performance results falling below those required for maximum payout.

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The weighted-average grant-date fair value per share for shares granted by type of award was as follows for each period presented:



	Year Ended December 31,
	2015		2014		2013
Non-vested common shares	$	72.09	$	66.42	$	58.65
Restricted stock units	$	69.83	$	67.42	$	57.70
EVA-Based Performance Shares	$	—	$	—	$	57.75
TSR-Based Performance Shares	$	95.68	$	83.18	$	—

- Definition

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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