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Employee Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2011

Compensation expense relating to short term incentive plans


	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Cost of products sold	$	0.8	$	0.7	$	1.9	$	1.3
Selling, administrative, research and development and general		1.5		1.4		2.6		2.8

Total costs recorded in connection with STI Plans	$	2.3	$	2.1	$	4.5	$	4.1


	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Fabricated Products	$	1.7	$	1.3	$	3.4	$	2.6
All Other		0.6		0.8		1.1		1.5

Total costs recorded in connection with STI Plans	$	2.3	$	2.1	$	4.5	$	4.1

Non-cash compensation expense


	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Service-based vested and non-vested common shares and restricted stock units	$	0.9	$	1.0	$	1.9	$	2.0
Performance shares		0.3		0.3		0.7		0.8
Service-based stock options		—		—		—		0.1

Total non-cash compensation expense	$	1.2	$	1.3	$	2.6	$	2.9

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


	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Fabricated Products	$	0.4	$	0.4	$	0.8	$	0.9
All Other		0.8		0.9		1.8		2.0

Total non-cash compensation expense	$	1.2	$	1.3	$	2.6	$	2.9

Unrecognized gross compensation cost data

Unrecognized Gross Compensation Cost Data.

The following data are presented as of June 30, 2011:

Unrecognized gross compensation costs, by type of award:


Service-based vested and non-vested common shares and restricted stock units	$	5.1
Performance shares	$	5.3

Expected period (in years) over which the remaining gross compensation costs will be recognized, by type of award:


Service-based vested and non-vested common shares and restricted stock units			2.0
Performance shares			2.5

Fair value of non-vested common shares, restricted stock units, and performance shares


	Non-Vested					Restricted					Performance
	Common Shares					Stock Units					Shares
				Weighted-Average					Weighted-Average					Weighted-Average
				Grant-Date Fair					Grant-Date Fair					Grant-Date Fair
	Shares			Value per Share		Units			Value per Unit		Shares			Value per Share
Outstanding at December 31, 2010		268,864		$	27.91		7,872		$	21.74		686,895		$	26.84
Granted		76,803			47.19		2,182			46.59		186,918			46.59
Vested		(62,028	)		51.63		(3,314	)		16.83		(10,585	)		74.34
Forfeited		—			—		—			—		—			—
Cancelled		—			—		—			—		(68,799	)		74.34


Outstanding at June 30, 2011		283,639		$	27.95		6,740		$	32.20		794,429		$	26.74


	Non-Vested					Restricted					Performance
	Common Shares					Stock Units					Shares
				Weighted-Average					Weighted-Average					Weighted-Average
				Grant-Date Fair					Grant-Date Fair					Grant-Date Fair
	Shares			Value per Share		Units			Value per Unit		Shares			Value per Share
Granted		96,850		$	34.31		2,362		$	36.23		205,789		$	34.13
Vested		(75,680	)	$	52.92		(686	)	$	37.79		(609	)	$	31.02

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details