Equity-based Incentive Plans (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Equity-based Incentive Plans |
|
| 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, 2015, 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, 2013
|
|
|
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
|
|
|
2,011,226
|
|
$
|
19.85
|
|
$
|
39,702
|
|
$
|
25,171
|
|
|
Granted
|
|
|
1,589,309
|
|
$
|
16.70
|
|
|
|
|
|
|
|
|
Vested
|
|
|
(1,197,403
|
)
|
$
|
18.13
|
|
|
|
|
|
|
|
|
Forfeited
|
|
|
(124,428
|
)
|
$
|
19.89
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015 (nonvested)
|
|
|
2,278,704
|
|
$
|
18.55
|
|
$
|
40,720
|
|
$
|
27,615
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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, 2013
|
|
|
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
|
|
|
Exercised
|
|
|
(753,159
|
)
|
$
|
14.75
|
|
$
|
5.75
|
|
|
Forfeited
|
|
|
(49,411
|
)
|
$
|
15.02
|
|
$
|
5.87
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015
|
|
|
595,945
|
|
$
|
14.43
|
|
$
|
5.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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
|
|
|
333,954
|
|
|
0.89
|
|
$
|
12.54
|
|
|
$15 to $20
|
|
|
261,991
|
|
|
0.39
|
|
$
|
16.85
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
595,945
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of performance period transition awards |
|
|
|
Maximum
Shares That
Could Be
Issued
|
|
Award
Earned
|
|
Award Issued/Issuable
|
|
2013 LTIP 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
|
|
|
149,056
|
|
|
49,686
|
|
March 2016
|
|
|
|
|
|
|
|
|
|
|
49,686
|
|
March 2017
|
|
|
|
|
|
|
|
|
|
|
49,684
|
|
March 2018
|
|
2014 LTIP Award:
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-year performance period award
|
|
|
269,531
|
|
|
|
*
|
|
|
*
|
|
|
2015 LTIP Award:
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-year performance period award
|
|
|
301,759
|
|
|
|
*
|
|
|
*
|
|
|
|
|
|
|
*
|
Not yet earned as performance period not complete.
|
|