Employee Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2013

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:

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Cost of products sold, excluding depreciation and amortization and other items	$	1.0	$	1.1	$	3.4	$	3.4
Selling, administrative, research and development, and general	2.4		2.8		8.9		7.6
Total costs recorded in connection with STI Plans	$	3.4	$	3.9	$	12.3	$	11.0

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Fabricated Products	$	2.4	$	2.6	$	8.6	$	7.6
All Other	1.0		1.3		3.7		3.4
Total costs recorded in connection with STI Plans	$	3.4	$	3.9	$	12.3	$	11.0

Non-cash compensation expense

Recorded non-cash compensation expense by type of award under LTI Programs were as follows, for each period presented:

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Service-based non-vested common shares and restricted stock units	$	0.9	$	0.7	$	3.4	$	3.1
Performance shares	0.5		0.9		2.5		2.1
Total non-cash compensation expense	$	1.4	$	1.6	$	5.9	$	5.2

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Fabricated Products	$	0.5	$	0.4	$	1.7	$	1.5
All Other	0.9		1.2		4.2		3.7
Total non-cash compensation expense	$	1.4	$	1.6	$	5.9	$	5.2

Unrecognized gross compensation cost data

The following table presents unrecognized gross compensation cost data as of September 30, 2013:

	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	$	4.6	1.6
Performance shares	$	7.1	2.1

Summary of activity 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 nine months ended September 30, 2013 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, 2012	158,684		$	42.47	5,183		$	43.99	583,950		$	41.78
Granted	76,336		58.65		2,600		57.70		175,317		57.75
Vested	(90,233	)	42.31		(2,311	)	42.74		(34,192	)	34.84
Forfeited	(820	)	53.00		—		—		—		—
Canceled	—		—		—		—		(162,521	)	34.58
Outstanding at September 30, 2013	143,967		$	51.09	5,472		$	51.03	562,554		$	49.26

A summary of select activity with respect to non-vested common shares, restricted stock units and performance shares for the nine months ended September 30, 2012 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
Granted	92,949		$	45.03	2,486		$	44.46	215,579		$	44.47
Vested	(134,746	)	$	24.30	(3,375	)	$	25.77	(7,952	)	$	18.89