Share-based Compensation

3 Months Ended

Mar. 31, 2013

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

Share-based Compensation

Share-based Compensation

AK Holding’s Stock Incentive Plan permits the granting of nonqualified stock option, restricted stock, performance share and restricted stock unit awards to Directors, officers and other employees of the Company. The following table summarizes information about share-based compensation expense, which the Company has estimated will be $9.6 for 2013:

	Three Months Ended March 31,
Share-based Compensation Expense	2013		2012
Stock options	$	0.9	$	1.9
Restricted stock	1.7		3.5
Restricted stock units issued to Directors	0.2		0.2
Performance shares	1.1		1.5
Total share-based compensation expense	$	3.9	$	7.1

The Company granted stock options on 498,700 shares during the three months ended March 31, 2013, at a weighted-average fair value of $2.44 per share of stock option. There have been no options exercised in 2013.

The Company granted restricted stock awards of 502,581 shares during the three months ended March 31, 2013, at a weighted-average fair value of $4.53 per share. The total intrinsic value of restricted stock awards that vested (i.e., restrictions lapsed) during the three months ended March 31, 2013, was $1.8.

The Company granted performance share awards of 580,800 shares during the three months ended March 31, 2013, at a weighted-average fair value of $4.69 per share.