Share-based Compensation (Notes)

6 Months Ended

Jun. 30, 2014

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

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 $9.0 for 2014:



	Three Months Ended June 30,				Six Months Ended June 30,
Share-based Compensation Expense	2014		2013		2014		2013
Stock options	$	0.3	$	0.2	$	1.3	$	1.1
Restricted stock	0.4		0.5		2.3		2.2
Restricted stock units issued to Directors	0.2		0.2		0.5		0.4
Performance shares	0.7		0.9		1.5		2.0
Total share-based compensation expense	$	1.6	$	1.8	$	5.6	$	5.7

The Company granted stock options on 546,760 shares during the six months ended June 30, 2014, at a weighted-average fair value of $3.50 per share of stock option. There have been no options exercised in 2014.

The Company granted restricted stock awards of 484,660 shares during the six months ended June 30, 2014, at a weighted-average fair value of $6.66 per share. The total intrinsic value of restricted stock awards that vested (i.e., restrictions lapsed) during the six months ended June 30, 2014 was $2.8.

The Company granted performance share awards of 512,400 shares during the six months ended June 30, 2014, at a weighted-average fair value of $6.40 per share.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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