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Equity-based Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Equity-based Incentive Plans  
Schedule of performance period transition awards

 

                                                                                                                                                                                    

 

 

Maximum
Shares That
Could Be Issued

 

Award Earned

 

Award
Issued/Issuable

2012 Award:

 

 

 

 

 

 

 

 

 

 

 

One-year performance period transition award

 

 

164,291 

 

 

95,291 

 

 

31,764 

 

March 2013

 

 

 

 

 

 

 

 

 

31,764 

 

March 2014

 

 

 

 

 

 

 

 

 

31,763 

 

March 2015

2013 Award:

 

 

 

 

 

 

 

 

 

 

 

One-year performance period transition award

 

 

173,319 

 

 

164,653 

 

 

54,885 

 

March 2014

 

 

 

 

 

 

 

 

 

54,884 

 

March 2015

 

 

 

 

 

 

 

 

 

54,884 

 

March 2016

Two-year performance period transition award

 

 

173,319 

 

 

159,454 

 

 

53,152 

 

March 2015

 

 

 

 

 

 

 

 

 

53,151 

 

March 2016

 

 

 

 

 

 

 

 

 

53,151 

 

March 2017

Three-year performance period award

 

 

173,319 

 

 

 


*

 

 


*

 

2014 Award:

 

 

 

 

 

 

 

 

 

 

 

Three-year performance period award

 

 

269,351 

 

 

 

*

 

 

*

 


*

Not yet earned as performance period not complete.

 

 

Summary of the company's RSU activity and outstanding RSU's

 

A summary of the company's RSU activity and outstanding RSUs as of December 31, 2014, are presented below (dollars in thousands except grant date fair value):

                                                                                                                                                                                    

 

 

Number of
RSUs

 

Weighted Average
Grant
Date Fair Value

 

Aggregate Intrinsic
Value

 

Unrecognized
Compensation

 

Outstanding RSUs as of January 1, 2012

 

 

 

$

 

 

 

 

 

 

 

Granted

 

 

1,422,448

 

$

11.95

 

 

 

 

 

 

 

Vested

 

 

(143,666

)

$

12.65

 

 

 

 

 

 

 

Forfeited

 

 

(9,475

)

$

11.92

 

 

 

 

 

 

 

​  

​  

As of December 31, 2012

 

 

1,269,307

 

$

11.87

 

$

17,428

 

$

12,318

 

Granted

 

 

1,293,140

 

$

18.16

 

 

 

 

 

 

 

Vested

 

 

(170,398

)

$

17.74

 

 

 

 

 

 

 

Forfeited

 

 

(112,406

)

$

12.48

 

 

 

 

 

 

 

​  

​  

As of December 31, 2013

 

 

2,279,643

 

$

14.97

 

$

44,544

 

$

22,197

 

Granted

 

 

1,121,416

 

$

21.82

 

 

 

 

 

 

 

Vested

 

 

(1,245,489

)

$

13.20

 

 

 

 

 

 

 

Forfeited

 

 

(144,344

)

$

15.51

 

 

 

 

 

 

 

​  

​  

As of December 31, 2014 (nonvested)

 

 

2,011,226

 

$

19.85

 

$

39,702

 

$

25,171

 

​  

​  

​  

​  

​  

 

Schedule of stock option activity for all plans

 

                                                                                                                                                                                    

 

 

Number of
Options

 

Weighted Average
Exercise Price

 

Weighted Average
Grant Date
Fair Value

 

Outstanding options as of January 1, 2012

 

 

8,602,282

 

$

15.06

 

$

5.25

 

Exercised

 

 

(451,135

)

$

6.70

 

$

2.67

 

Forfeited

 

 

(1,077,438

)

$

21.85

 

$

6.04

 

​  

​  

As of December 31, 2012

 

 

7,073,709

 

$

14.56

 

$

5.30

 

Exercised

 

 

(3,134,953

)

$

11.02

 

$

4.19

 

Forfeited

 

 

(681,586

)

$

29.52

 

$

9.01

 

​  

​  

As of December 31, 2013

 

 

3,257,170

 

$

14.84

 

$

5.58

 

Exercised

 

 

(1,773,872

)

$

15.01

 

$

5.57

 

Forfeited

 

 

(84,783

)

$

14.98

 

$

5.45

 

​  

​  

As of December 31, 2014

 

 

1,398,515

 

$

14.62

 

$

5.61

 

​  

​  

​  

​  

​  

 

Schedule of information concerning outstanding options, by range of exercise price

 

 

                                                                                                                                                                                    

Range of Exercise Price

 

Exercisable
Outstanding
Options

 

Weighted Average
Remaining
Contractual Life
(Years)

 

Weighted Average Exercise
Price of Exercisable
Outstanding
Options

 

$10 to $15

 

 

731,256 

 

 

1.29 

 

$

12.95 

 

$15 to $20

 

 

667,259 

 

 

1.15 

 

$

16.46 

 

​  

​  

 

 

 

1,398,515 

 

 

 

 

 

 

 

​  

​  

​  

​  

​