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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Common Stock Shares Reserved for Issuance

Of the 126,015,473 shares of common stock authorized but unissued as of December 31, 2014, the following shares were reserved for issuance:

 

 

 

For outstanding restricted stock units, stock options and warrants

 

1,655,659 

For future grants under the 2014 Incentive Award Plan

 

3,133,024 

 

 

4,788,683 

 

Restricted Stock Units Activity

A summary of the Company’s RSU activity is presented below: 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2014

 

2013

 

2012

Restricted stock units granted

 

504,255 

 

 

574,017 

 

 

635,266 

Weighted average grant-date fair value of restricted stock units granted

$

42.54 

 

$

34.06 

 

$

31.52 

Total fair value of restricted stock units granted

$

21,449 

 

$

19,550 

 

$

20,025 

Restricted stock units becoming free of restrictions

 

563,117 

 

 

543,921 

 

 

662,909 

Weighted average restriction period (in years)

 

3.9 

 

 

3.9 

 

 

3.2 

 

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information under these plans during the year ended December 31, 2014, is presented below: 

 

 

 

 

 

 

 

 

Number of Shares (Options)

 

 

Weighted Average Exercise Price

Outstanding as of December 31, 2013

 

274,902 

 

$

14.36 

Granted

 

-

 

 

-

Forfeited

 

-

 

 

-

Exercised

 

(237,902)

 

 

14.19 

Outstanding as of December 31, 2014

 

37,000 

 

 

15.45 

 

Stock Options Outstanding

The following table summarizes information about stock options outstanding as of December 31, 2014: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Vested and Exercisable

Exercise Price

 

Shares

 

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Life

(in years)

 

Shares

 

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Life (in years)

$15.45

 

37,000 

 

$

15.45 

 

1.1 

 

37,000 

 

$

15.45 

 

1.1 

 

Summary of Warrant Activity

 

A summary of warrant activity during the year ended December 31, 2014, is presented below: 

 

 

 

 

 

 

 

 

 

Warrants

 

Weighted-Average Exercise Price

 

Outstanding at December 31, 2013

 

90,501 

 

$

30.92 

 

Granted

 

50,403 

 

 

48.33 

 

Forfeited

 

(3,499)

 

 

23.12 

 

Exercised

 

(3,814)

 

 

23.12 

 

Outstanding at December 31, 2014

 

133,591 

 

 

37.92 

 

 

Summarized Information about Warrants Outstanding

The following table summarizes information about warrants outstanding as of December 31, 2014 and 2013: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

 

 

Fair Value of Warrants

 

Outstanding at December 31,

Grant Date

 

Issued

 

Exercise Price

 

Issued

 

2014

 

2013

Throughout 2010

 

51,627 

 

$20.64 to $27.41

 

351 

 

1,886 

 

9,199 

Throughout 2011

 

9,324 

 

$27.53 to $33.14

 

79 

 

9,324 

 

9,324 

Throughout 2012

 

71,978 

 

$30.52 to $33.03

 

628 

 

71,978 

 

71,978 

Throughout 2014

 

50,403 

 

$45.62 to $49.06

 

276 

 

50,403 

 

-

 

 

 

 

 

 

 

 

133,591 

 

90,501 

 

Restricted Stock Units (RSUs) [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity Related to Restricted Stock Units

A summary of activity related to RSUs during the year ended December 31, 2014, is presented below: 

 

 

 

 

 

 

 

 

Unvested Shares

 

Weighted-Average Grant Date Fair Value Per Share

Outstanding at December 31, 2013

 

1,299,466 

 

$

29.98 

Granted

 

504,255 

 

 

42.54 

Forfeited

 

(39,720)

 

 

36.98 

Vested and Issued

 

(492,695)

 

 

27.17 

Vested and Unissued

 

(70,422)

 

 

26.53 

Outstanding at December 31, 2014

 

1,200,884 

 

 

36.06 

 

Performance Shares [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Performance-Based Restricted Stock Units Activity and Related Information

A summary of activity related to PSU’s during the year ended December 31, 2014, is presented below: 

 

 

 

 

 

 

 

 

Unvested Shares

 

 

 

Outstanding at December 31, 2013

 

-

 

 

 

Granted

 

54,723 

 

 

 

Forfeited

 

-

 

 

 

Vested

 

-

 

 

 

Outstanding at December 31, 2014

 

54,723