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Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 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 charge for the period

     0.6         0.4   
  

 

 

    

 

 

 

Balance at September 30

   $ 1.6       $ 0.5   
  

 

 

    

 

 

 
Assumptions Used in the Monte Carlo Model

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

 

     2016     2015  

Dividend yield

     1.05     1.25

Volatility of Innospec’s share price

     25.55     24.47

Risk free interest rate

     0.88     0.92
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 nine months ended September 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

     67,546       $ 0.00       $ 38.13   

 - at market value

     24,794       $ 44.34       $ 9.17   

Exercised

     (58,125    $ 5.42       $ 28.50   

Forfeited

     (24,273    $ 21.15       $ 21.12   
  

 

 

       

Outstanding at September 30, 2016

     677,381       $ 19.97       $ 20.83   
  

 

 

       
Stock Equivalent Units [Member]  
Summarizes Transactions of SEUs

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

     70,153       $ 0.00       $ 36.56   

 - at market value

     7,316       $ 44.18       $ 9.11   

Exercised

     (49,623    $ 1.74       $ 27.79   

Forfeited

     (8,980    $ 4.41       $ 30.73   
  

 

 

       

Outstanding at September 30, 2016

     298,616       $ 4.21       $ 32.99