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Equity-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted-average fair values of the Company's stock options granted
The weighted average fair values of the Company’s stock options granted during the first three months of 2014 and 2013 calculated using the Black-Scholes option pricing model and other assumptions used in the option pricing model, were as follows: 
 
Three Months Ended
 
March 31, 2014
 
March 31, 2013
Weighted average fair value of options granted
$
5.07

 
$
11.46

Risk-free interest rate
.46%

 
0.31% - 0.35%

Expected volatility
60
%
 
76
%
Contractual life
7 years

 
7 years

Expected life
3.4 - 5.4 years

 
3.4 - 5.4 years

Expected dividend yield
%
 
%
Summary of stock option activity
A summary of Gentiva stock option activity as of March 31, 2014 and changes during the three months then ended is presented below:
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Balance as of December 31, 2013
4,005,589

 
$
15.40

 
 
 
 
Granted
735,500

 
10.89

 
 
 
 
Exercised
(7,334
)
 
5.86

 
 
 
 
Cancelled
(307,741
)
 
21.18

 
 
 
 
Balance as of March 31, 2014
4,426,014

 
$
14.27

 
4.7
 
$
3,762,925

Exercisable options
2,702,748

 
$
17.25

 
3.8
 
$
2,383,645

Shares expected to vest as of March 31, 2014
1,621,640

 
$
9.53

 
6.0
 
$
1,368,799

Summary of restricted stock activity
A summary of Gentiva restricted stock activity as of March 31, 2014 is presented below:
 
Number of
Restricted
Shares
 
Weighted-
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
Balance as of December 31, 2013
635,400

 
$
18.27

 
 
Granted
364,000

 
10.77

 
 
Exercised
(88,900
)
 
26.58

 
 
Cancelled
(2,800
)
 
11.60

 
 
Balance as of March 31, 2014
907,700

 
$
14.51

 
$
8,278,224

Nonvested shares expected to vest as of March 31, 2014
823,419

 
14.82

 
7,509,590

Performance Cash Award [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of performance share unit
A summary of Gentiva's performance based cash award activity by grant year as of March 31, 2014 is presented below:
 
2012
 
2013
 
2014
Service period to vest:
3 years
 
3 years
 
3 years
Performance range of target:
0% - 200%
 
0% - 240%
 
0% - 240%
Performance measured on:
EPS
 
EPS
 
EPS
Performance measurement period:
1/2 based on 2012 results
 
30% based on 2013 results
 
100% based on 2016 results
 
1/2 based on 2014 results
 
70% based on 2015 results
 

Performance target achieved:
2012 - 85%
 
2013 - 0%
 

Performance cash:
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013 - Earned
1,804,656

 

 

Cancellations
(18,063
)
 

 

Balance at March 31, 2014 - Earned
1,786,593

 

 

 
 
 
 
 
 
Balance at December 31, 2013 - Unearned
2,123,125

 
4,613,750

 

Granted

 

 
5,457,750

Performance target not achieved

 
(1,051,250
)
 

Cancellations
(21,250
)
 

 

Balance at March 31, 2014 - Unearned
2,101,875

 
3,562,500

 
5,457,750