Share-based Compensation (Notes)

6 Months Ended

Jun. 30, 2017

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

AK Holding’s Stock Incentive Plan (“SIP”) permits the granting of nonqualified stock option, restricted stock, performance share and restricted stock unit awards to our Directors, officers and other employees. We have estimated share-based compensation expense to be $8.1 for 2017. The second quarter information is presented below:



	Three Months Ended June 30,				Six Months Ended June 30,
Share-based Compensation Expense	2017		2016		2017		2016
Stock options	$	0.2	$	0.1	$	1.7	$	0.6
Restricted stock	0.4		0.3		2.3		1.1
Restricted stock units issued to Directors	0.3		0.4		0.7		0.7
Performance shares	0.4		0.4		0.8		0.8
Total share-based compensation expense	$	1.3	$	1.2	$	5.5	$	3.2

We granted stock options on 513,600 shares during the six months ended June 30, 2017, with a weighted-average fair value of $5.33 per share of stock option. Options on 58,999 shares were exercised during the six months ended June 30, 2017.

We granted restricted stock awards of 355,600 shares during the six months ended June 30, 2017, at a weighted-average fair value of $9.78 per share. The total intrinsic value of restricted stock awards that vested (i.e., restrictions lapsed) during the six months ended June 30, 2017 was $4.1.

We granted performance share awards of 263,600 shares during the six months ended June 30, 2017, with a weighted-average fair value of $10.78 per share. The total intrinsic value of performance share awards that vested during the six months ended June 30, 2017 was $4.5.