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Stockholders' Equity and Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2014
Additional Exceptional Long-Term Incentive Plan [Member]
 
Fair Value of Liability Cash-Settled Stock Appreciation Rights

The fair value is calculated using a Monte Carlo model and is summarized as follows:

 

(in millions)

   2014  

Balance at January 1

   $ 0.0   

Compensation charge for the period

     0.1   
  

 

 

 

Balance at September 30

   $ 0.1   
  

 

 

 
Assumptions Used in the Monte Carlo Model

The following assumptions were used in the Monte Carlo model at September 30, 2014:

 

     2014  

Dividend yield

     1.45

Volatility of Innospec’s share price

     28.96

Risk free interest rate

     1.07
Stock Options Plan [Member]
 
Summary of Transactions of the Company's Stock Option Plans

The following table summarizes the transactions of the Company’s stock option plans for the nine months ended September 30, 2014:

 

     Number of
Options
    Weighted
Average
Exercise
Price
     Weighted
Average
Grant-Date
Fair Value
 

Outstanding at December 31, 2013

     447,390      $ 7.33      

Granted - at discount

     370,925      $ 28.14       $ 13.88   

              - at market value

     21,542      $ 46.03       $ 14.18   

Exercised

     (102,682   $ 4.50      

Forfeited

     (11,652   $ 7.19      
  

 

 

      

Outstanding at September 30, 2014

     725,523      $ 19.52      
  

 

 

      
Stock Equivalent Units [Member]
 
Summarizes Transactions of the SEUs

The following table summarizes the transactions of the Company’s SEUs for the nine months ended September 30, 2014:

 

     Number
of SEUs
    Weighted
Average
Exercise
Price
     Weighted
Average
Grant-Date
Fair Value
 

Outstanding at December 31, 2013

     403,262      $ 3.64      

Granted - at discount

     50,713      $ 0.00       $ 33.33   

      - at market value

     7,147      $ 46.03       $ 14.18   

Exercised

     (164,717   $ 4.86      

Forfeited

     (6,442   $ 7.02      
  

 

 

      

Outstanding at September 30, 2014

     289,963      $ 3.37