Employee Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2011

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

Compensation expense relating to short term incentive plans

Total costs relating to STI Plans were recorded as follows, for each period presented:



	Year Ended December 31,
	2011		2010		2009
Cost of products sold	$	3.2	$	2.9	$	2.8
Selling, administrative, research and development and general	5.2		3.9		3.2
Total costs recorded in connection with STI Plans	$	8.4	$	6.8	$	6.0

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



	Year Ended December 31,
	2011		2010		2009
Fabricated Products segment	$	5.9	$	4.8	$	4.7
All Other	2.5		2.0		1.3
Total costs recorded in connection with STI Plans	$	8.4	$	6.8	$	6.0

Non-cash compensation expense

Recorded costs by type of award under LTI programs were as follows, for each period presented:



	Year Ended December 31,
	2011		2010		2009
Service-based non-vested common shares and restricted stock units	$	4.1	$	3.6	$	7.9
Performance shares	1.1		0.8		0.9
Service-based stock options	—		0.1		0.3
Total non-cash compensation expense	$	5.2	$	4.5	$	9.1

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



	Year Ended December 31,
	2011		2010		2009
Fabricated Products ¹	$	1.5	$	1.4	$	3.5
All Other	3.7		3.1		5.6
Total non-cash compensation expense	$	5.2	$	4.5	$	9.1

_________


¹	Of the $3.5 compensation charge allocated to the Fabricated Products segment in 2009, $0.8 of the amount relates to the accelerated vesting of previously granted stock-based payments in connection with the Company's restructuring efforts in 2009 (see Note 16).

Unrecognized gross compensation cost data

The following table presents unrecognized gross compensation cost data, by type of award:

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

A summary of the activity with respect to non-vested common shares, restricted stock units and performance shares for the year ended December 31, 2011 is as follows:



	Non-Vested Common Shares				Restricted Stock Units				Performance Shares
	Shares		Weighted-Average Grant-Date Fair Value per Share		Units		Weighted-Average Grant-Date Fair Value per Unit		Shares		Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2010	268,864		$	27.91	7,872		$	21.74	686,895		$	26.84
Granted	83,066		47.07		2,182		46.59		188,741		46.65
Vested	(146,205	)	36.84		(3,982	)	17.16		(13,462	)	62.83
Forfeited	(2,889	)	33.47		—		—		(15,441	)	26.24
Canceled	—		—		—		—		(68,799	)	74.34
Outstanding at December 31, 2011	202,836		$	29.24	6,072		$	33.67	777,934		$	26.84

- 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

December 31, 2011

Unrecognized gross compensation costs, by award type

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

Service-based non-vested common shares and restricted stock units

Performance shares