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Share-based Compensation (Notes)

3 Months Ended

Mar. 31, 2017

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

AK Holding’s Stock Incentive Plan (“SIP”) permits the granting of nonqualified stock option, restricted stock, performance share and restricted stock unit awards to our Directors, officers and other employees. We have estimated share-based compensation expense to be $8.1 for 2017. The first quarter information is presented below:



	Three Months Ended March 31,
Share-based Compensation Expense	2017		2016
Stock options	$	1.5	$	0.5
Restricted stock	1.9		0.8
Restricted stock units issued to Directors	0.4		0.3
Performance shares	0.4		0.4
Total share-based compensation expense	$	4.2	$	2.0

We granted stock options on 513,600 shares during the three months ended March 31, 2017, with a weighted-average fair value of $5.33 per share of stock option. Options on 41,800 shares were exercised in 2017.

We granted restricted stock awards of 355,600 shares during the three months ended March 31, 2017, at a weighted-average fair value of $9.78 per share. The total intrinsic value of restricted stock awards that vested (i.e., restrictions lapsed) during the three months ended March 31, 2017 was $3.8.

We granted performance share awards of 263,600 shares during the three months ended March 31, 2017, with a weighted-average fair value of $10.78 per share. The total intrinsic value of performance share awards that vested during the three months ended March 31, 2017 was $4.5.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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