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Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2016
Stock Options Plan [Member]  
Summary of Transactions of Company's Stock Option Plans

The following table summarizes the transactions of the Company’s stock option plans for the three months ended March 31, 2016:

 

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

Outstanding at December 31, 2015

     667,439       $ 19.87       $ 20.19   

Granted - at discount

     54,642       $ 0.00       $ 35.91   

      - at market value

     23,852       $ 44.18       $ 9.11   

Exercised

     (47,212    $ 5.26       $ 28.63   

Forfeited

     (10,832    $ 13.82       $ 1.00   
  

 

 

       

Outstanding at March 31, 2016

     687,889       $ 20.23       $ 20.37   
  

 

 

       
Stock Equivalent Units [Member]  
Summarizes Transactions of SEUs

The following table summarizes the transactions of the Company’s SEUs for the three months ended March 31, 2016:

 

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

Outstanding at December 31, 2015

     279,750       $ 3.79       $ 31.72   

Granted - at discount

     63,653       $ 0.00       $ 35.71   

      - at market value

     7,316       $ 44.18       $ 9.11   

Exercised

     (38,638    $ 2.24       $ 26.44   

Forfeited

     (3,310    $ 11.97       $ 28.48   
  

 

 

       

Outstanding at March 31, 2016

     308,771       $ 4.07       $ 32.70   
  

 

 

       

Additional Exceptional Long-Term Incentive Plan [Member]  
Summary of Fair Value of Balance Sheet Dates

The fair values at each of the balance sheet dates are summarized as follows:

 

(in millions)

   2016      2015  

Balance at January 1

   $ 1.0       $ 0.1   

Compensation (credit)/charge for the period

     (0.7      0.1   
  

 

 

    

 

 

 

Balance at March 31

   $ 0.3       $ 0.2   
  

 

 

    

 

 

 

Assumptions Used in the Monte Carlo Model

The following assumptions were used in the Monte Carlo model at March 31:

 

     2016     2015  

Dividend yield

     1.41     1.19

Volatility of Innospec’s share price

     25.37     25.91

Risk free interest rate

     0.87     0.89