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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2016
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      0.0   

Balance at June 30

   $ 0.3       $ 0.1   

Assumptions Used in the Monte Carlo Model

The following assumptions were used in the Monte Carlo model at June 30:

 

     2016     2015  

Dividend yield

     1.39     1.29

Volatility of Innospec’s share price

     24.99     24.38

Risk free interest rate

     0.71     1.01
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 six months ended June 30, 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

     56,046       $ 0.00       $ 36.13   

      - at market value

     24,794       $ 44.34       $ 9.17   

Exercised

     (50,425    $ 5.58       $ 28.00   

Forfeited

     (18,539    $ 18.52       $ 23.32   
  

 

 

       

Outstanding at June 30, 2016

     679,315       $ 20.22       $ 20.44   
Stock Equivalent Units [Member]  
Summarizes Transactions of SEUs

The following table summarizes the transactions of the Company’s SEUs for the six months ended June 30, 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

     (42,123    $ 2.05       $ 25.73   

Forfeited

     (8,980    $ 4.41       $ 30.73   
  

 

 

       

Outstanding at June 30, 2016

     299,616       $ 4.19       $ 32.89