XML 82 R49.htm IDEA: XBRL DOCUMENT v3.6.0.2
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Treasury Stock by Class
The following provides cumulative information relating to our share repurchase programs from their inception in October 2005 through December 31, 2016 (shares in thousands). No shares were repurchased during 2016:
Authorized share repurchase programs
 
$
8,000

Share repurchase cost
 
$
7,755

Share repurchase fees
 
$
12

Number of shares repurchased
 
695,230
Schedule of Common and Treasury Stock Changes
The following table reflects the changes in Common and Treasury stock shares (shares in thousands):
 
 
Common Stock Shares
 
Treasury Stock Shares
Balance at December 31, 2013
 
1,210,321

 
22,001

Stock based compensation plans, net
 
13,965

 
—

Acquisition of Treasury stock
 
—

 
86,536

Cancellation of Treasury stock
 
(100,928)

 
(100,928)
Conversion of 2014 9% Notes
 
996

 
—

Balance at December 31, 2014
 
1,124,354

 
7,609

Stock based compensation plans, net
 
11,292

 
—

Acquisition of Treasury stock
 
—

 
115,201

Cancellation of Treasury stock
 
(122,810
)
 
(122,810
)
Balance at December 31, 2015
 
1,012,836

 
—

Stock based compensation plans, net
 
1,539

 
—

Balance at December 31, 2016
 
1,014,375

 
—
Schedule of Stock-based Compensation Expense, Tax Effect
Stock-based compensation expense was as follows:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Stock-based compensation expense, pre-tax
 
$
50

 
$
27

 
$
63

Income tax benefit recognized in earnings
 
19

 
10

 
24
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Summary of Stock-based Compensation Activity
 
 
2016
 
2015
 
2014
(shares in thousands)
 
Shares
 
Weighted
Average Grant
Date Fair
Value (1)
 
Shares
 
Weighted
Average Grant
Date Fair
Value (1)
 
Shares
 
Weighted
Average Grant
Date Fair
Value (1)
Restricted Stock Units
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1
 
2,390

 
$
11.05

 
12,197

 
$
9.50

 
19,079

 
$
9.62

Granted
 
7,174

 
9.57

 
798

 
11.08

 
926

 
12.30

Vested
 
(314
)
 
9.62

 
(10,191
)
 
7.86

 
(6,934
)
 
10.33

Cancelled
 
(548
)
 
10.12

 
(414
)
 
9.27

 
(874
)
 
8.55

Separation of Conduent
 
(3,144
)
 
10.07

 
—

 
—

 
—

 
—

Shares granted in equity conversion
 
1,674

 
7.52

 
—

 
—

 
—

 
—

Outstanding at December 31
 
7,232

 
7.52

 
2,390

 
11.05

 
12,197

 
9.50

 
 
 
 
 
 
 
 
 
 
 
 
 
Performance Shares
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1
 
23,206

 
$
11.67

 
20,721

 
$
11.36

 
8,058

 
$
9.15

Granted
 
5,284

 
9.35

 
9,470

 
10.68

 
16,967

 
12.28

Vested
 
(33
)
 
11.33

 
(3,268
)
 
7.90

 
(2,404
)
 
10.68

Cancelled
 
(4,935
)
 
11.84

 
(3,717
)
 
10.74

 
(1,900
)
 
11.07

Separation of Conduent
 
(7,894
)
 
11.09

 
—

 
—

 
—

 
—

Shares granted in equity conversion
 
4,595

 
8.50

 
—

 
—

 
—

 
—

Outstanding at December 31
 
20,223

 
8.50

 
23,206

 
11.67

 
20,721

 
11.36

 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Options
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1
 
3,119

 
$
6.87

 
6,115

 
$
7.00

 
14,199

 
$
6.95

Canceled/expired
 
(392
)
 
6.99

 
(405
)
 
7.43

 
(215
)
 
6.95

Exercised
 
(1,225
)
 
7.03

 
(2,591
)
 
7.09

 
(7,869
)
 
6.92

Separation of Conduent
 
(1,502
)
 
6.70

 
—

 
—

 
—

 
—

Outstanding at December 31
 
—

 
—

 
3,119

 
6.87

 
6,115

 
7.00

Exercisable at December 31
 
—

 
—

 
3,119

 
6.87

 
6,115

 
7.00
Schedule of Unrecognized Compensation Cost, Nonvested Awards
The total unrecognized compensation cost related to non-vested stock-based awards at December 31, 2016 was as follows:
Awards
 
Unrecognized Compensation
 
Remaining Weighted-Average Vesting Period (Years)
Restricted Stock Units
 
$
30

 
2.2
Performance Shares
 
39

 
1.8
Total
 
$
69

 
 
Schedule of Aggregate intrinsic value restricted stock and performance shares compensation awards
The aggregate intrinsic value of outstanding RSUs and PSs awards was as follows:
Awards
 
December 31, 2016
Restricted Stock Units
 
$
48

Performance Shares
 
135
Schedule of Vested and exercised stock based awards total intrinsic value and tax benefit realized
The total intrinsic value and actual tax benefit realized for all vested and exercised stock-based awards was as follows:
 
 
December 31, 2016
 
December 31, 2015
 
December 31, 2014
Awards
 
Total Intrinsic Value
 
Cash Received
 
Tax Benefit
 
Total Intrinsic Value
 
Cash Received
 
Tax Benefit
 
Total Intrinsic Value
 
Cash Received
 
Tax Benefit
Restricted Stock Units
 
$
3

 
$
—

 
$
1

 
$
109

 
$
—

 
$
33

 
$
85

 
$
—

 
$
26

Performance Shares
 
—

 
—

 
—

 
35

 
—

 
12

 
30

 
—

 
10

Stock Options
 
3

 
9

 
1

 
14

 
19

 
5

 
42

 
55

 
15