Share-based Compensation (Notes)

6 Months Ended

Jun. 30, 2015

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

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 $8.7 for 2015:



	Three Months Ended June 30,				Six Months Ended June 30,
Share-based Compensation Expense	2015		2014		2015		2014
Stock options	$	0.3	$	0.3	$	1.5	$	1.3
Restricted stock	0.5		0.4		2.6		2.3
Restricted stock units issued to Directors	0.3		0.2		0.6		0.5
Performance shares	0.6		0.7		1.2		1.5
Total share-based compensation expense	$	1.7	$	1.6	$	5.9	$	5.6

The Company granted stock options on 861,500 shares during the six months ended June 30, 2015, with a weighted-average fair value of $2.41 per share of stock option. There have been 2,733 options exercised in 2015.

The Company granted restricted stock awards of 862,300 shares during the six months ended June 30, 2015, at a weighted-average fair value of $4.10 per share. The total intrinsic value of restricted stock awards that vested (i.e., restrictions lapsed) during the six months ended June 30, 2015 was $2.9.

The Company granted performance share awards of 890,700 shares during the six months ended June 30, 2015, with a weighted-average fair value of $3.09 per share.