XML 40 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Non-cash compensation expense
Non-cash compensation expense by type of award under LTI Programs was as follows for each period presented (in millions of dollars):
 
Quarter Ended
 
March 31,
 
2017
 
2016
Non-vested common shares and restricted stock units
$
1.3

 
$
1.1

TSR-Based Performance Shares
1.3

 
1.1

CP-Based Performance Shares
0.4

 
0.1

EVA-Based Performance Shares

 
0.3

Total non-cash compensation expense
$
3.0

 
$
2.6

The following table presents the allocation of the charges detailed above, by segment (in millions of dollars):
 
Quarter Ended
 
March 31,
 
2017
 
2016
Fabricated Products
$
1.2

 
$
0.8

All Other
1.8

 
1.8

Total non-cash compensation expense
$
3.0

 
$
2.6

Unrecognized gross compensation cost data
The following table presents unrecognized gross compensation cost data by type of award as of March 31, 2017:
 
Unrecognized Gross Compensation Costs
(in millions of dollars)
 
Expected Period (in years) Over Which the Remaining Gross Compensation Costs Will Be Recognized
Non-vested common shares and restricted stock units
$
8.7

 
2.3
TSR-Based Performance Shares
$
8.1

 
2.0
CP-Based Performance Shares
$
7.6

 
2.6
EVA-Based Performance Shares
$
1.1

 
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, TSR-Based Performance Shares, CP-Based Performance Shares and EVA-Based Performance Shares for the quarter ended March 31, 2017 is as follows:
 
Non-Vested
Common Shares
 
Restricted
Stock Units
 
TSR-Based Performance Shares
 
CP-Based Performance Shares
 
EVA-Based 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
 
Shares
 
Weighted-Average
Grant-Date Fair
Value per Share
 
Shares
 
Weighted-Average
Grant-Date Fair
Value per Share
Outstanding at December 31, 2016
114,658

 
$
69.51

 
61,800

 
$
74.94

 
394,525

 
$
90.30

 
63,678

 
$
80.46

 

 
$

Granted1

 

 
62,275

 
73.14

 
65,044

 
97.88

 
65,044

 
79.69

 
32,504

 
79.69

Vested
(36,406
)
 
67.63

 
(8,321
)
 
77.04

 
(94,082
)
 
83.18

 

 

 

 

Forfeited1

 

 
(3,425
)
 
82.32

 
(1,340
)
 
97.88

 
(1,340
)
 
79.69

 
(670
)
 
79.69

Canceled1

 

 

 

 
(55,288
)
 
83.18

 

 

 

 

Outstanding at March 31, 2017
78,252

 
$
70.39

 
112,329

 
$
73.56

 
308,859

 
$
95.31

 
127,382

 
$
80.07

 
31,834

 
$
79.69

____________
1 
For performance shares, the number of shares granted and forfeited are presented at their maximum payout; and the number of shares canceled includes the number of shares that did not vest due to performance results falling below those required for maximum payout.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
The weighted-average grant-date fair value per share for shares granted by type of award was as follows for each period presented:
 
Quarter Ended
 
March 31,
 
2017
 
2016
Restricted stock units
$
73.14

 
$
74.49

TSR-Based Performance Shares
$
97.88

 
$
93.02

CP-Based Performance Shares
$
79.69

 
$
80.46

EVA-Based Performance Shares
$
79.69

 
$