Share-based Compensation

9 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based Compensation

Share-based Compensation

AK Holding’s Stock Incentive Plan permits the granting of nonqualified stock option, restricted stock, performance share and restricted stock unit awards to Directors, officers and other employees of the Company. The following table summarizes information about share-based compensation expense, which the Company has estimated will be $14.5 for 2012:

	Three Months Ended September 30,				Nine Months Ended September 30,
Share-based Compensation Expense	2012		2011		2012		2011
Stock options	$	0.1	$	0.4	$	2.2	$	1.9
Restricted stock	0.6		1.0		4.7		4.9
Restricted stock units issued to Directors	0.2		0.3		0.6		0.7
Performance shares	1.4		1.2		4.5		4.3
Total share-based compensation expense	$	2.3	$	2.9	$	12.0	$	11.8

The Company granted stock options on 495,650 shares during the nine months ended September 30, 2012, at a weighted-average fair value of $4.31 per share of stock option. There have been no options exercised in 2012.

The Company granted restricted stock awards of 527,060 shares during the nine months ended September 30, 2012, at a weighted-average fair value of $8.79 per share. The total fair value of restricted stock awards that vested (i.e., restrictions lapsed) during the nine months ended September 30, 2012, was $6.9.

The Company granted performance share awards of 577,450 shares during the nine months ended September 30, 2012, at a weighted-average fair value of $9.90 per share.