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Acquisition and Strategic Partnership (Details 2) (USD $)
In Millions, unless otherwise specified
12 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2010
Amega West
item
Dec. 31, 2010
Amega West
Customer relationships
Dec. 31, 2010
Amega West
Non-compete agreements
Dec. 31, 2010
Amega West
Trademarks and trade names
Jun. 30, 2011
Oilfield Alloys
Sep. 30, 2011
Oilfield Alloys
Jun. 27, 2011
Oilfield Alloys
Acquisition and strategic partnership disclosures                  
Net working capital, including $4.9 million of accounts payable to Carpenter effectively settled at closing     $ 6.5         $ 1.2  
Property, plant and equipment     25.9         1.7  
Intangible assets       5.2 5.4 1.9      
Intangible assets               1.5  
Goodwill     9.7         0.4  
Deferred tax liabilities     (0.6)            
Long-term debt     (12.4)            
Total purchase price     41.6           4.8
Accounts payable included in working capital     4.9            
Amount of goodwill expected to be tax deductible     8.3            
Cash purchase price held back to pay earn-out participants     2.8            
Multiple of holdback which can be achieved     2            
Duration of earn-out     4 years 6 months            
Earn-out payments, guaranteed amount included in total purchase price     2.2            
Cash paid, net of cash acquired 12.9 45.4         4.1    
Cash acquired             0.3    
Remaining purchase price                 $ 0.7