Employee Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2014

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
	March 31,
	2014		2013
Cost of products sold, excluding depreciation and amortization and other items	$	1.1	$	1.1
Selling, administrative, research and development, and general	1.3		3.0
Total costs recorded in connection with STI Plans	$	2.4	$	4.1

The following table presents the allocation of the charges detailed above, by reportable segment and business unit:

	Quarter Ended
	March 31,
	2014		2013
Fabricated Products	$	1.9	$	2.9
All Other	0.5		1.2
Total costs recorded in connection with STI Plans	$	2.4	$	4.1

Non-cash compensation expense

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

	Quarter Ended
	March 31,
	2014		2013
Service-based non-vested common shares and restricted stock units	$	1.1	$	1.7
Performance shares	0.5		0.9
Market-based shares	0.4		—
Total non-cash compensation expense	$	2.0	$	2.6

The following table presents the allocation of the charges detailed above, by reportable segment and business unit:

	Quarter Ended
	March 31,
	2014		2013
Fabricated Products	$	1.0	$	0.6
All Other	1.0		2.0
Total non-cash compensation expense	$	2.0	$	2.6

Unrecognized gross compensation cost data

The following table presents unrecognized gross compensation cost data as of March 31, 2014:

	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	$	6.6	2.1
Performance shares	$	3.7	1.7
Market-based shares	$	6.3	2.9

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 (both financial performance-based and market-based) for the quarter ended March 31, 2014 is as follows:

	Non-Vested Common Shares				Restricted Stock Units				Performance Shares (Financial performance-based)				Performance Shares (Market-Based)
	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		Shares	Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2013	143,967		$	51.09	5,472		$	51.03	562,554		$	49.26	—	$	—
Granted	55,613		67.42		2,235		67.42		—		—		160,868	83.18
Vested	(43,640	)	48.61		(2,350	)	46.83		(41,212	)	46.65		—	—
Forfeited	(323	)	52.32		—		—		(1,111	)	50.51		—	—
Canceled	—		—		—		—		(138,051	)	46.65		—	—
Outstanding at March 31, 2014	155,617		$	57.62	5,357		$	59.71	382,180		$	50.49	160,868	$	83.18

A summary of select activity with respect to non-vested common shares, restricted stock units and performance shares for the quarter ended March 31, 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
Granted	57,190		$	57.54	2,333		$	57.54	167,312		$	57.54
Vested	(65,646	)	$	40.29	(2,311	)	$	42.74	(32,312	)	$	34.13