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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Shareholders' Equity  
Schedule of stock option activity

Stock option activity for the year ended December 31, 2015 was as follows:

                                                                                                                                                                                                                       

 

 

Shares
Subject to
Options

 

Weighted
Average
Option Price

 

Weighted
Average
Remaining
Contractual
Term (Yrs)

 

Aggregate
Intrinsic Value
(in millions) (b)

 

Outstanding at December 31, 2014

 

 

4,810,588

 

$

15.24

 

 

 

 

 

 

 

Granted

 

 

1,107,477

 

 

19.81

 

 

 

 

 

 

 

Exercised

 

 

(926,042

)

 

11.81

 

 

 

 

 

 

 

Forfeited

 

 

(354,744

)

 

19.17

 

 

 

 

 

 

 

​  

​  

Outstanding at December 31, 2015

 

 

4,637,279

 

$

16.72

 

 

6.5

 

$

35.0

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable at December 31, 2015

 

 

2,355,197

 

$

14.08

 

 

4.7

 

$

24.0

 

​  

​  

​  

​  

​  

​  

​  

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Exercisable and expected to vest at

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015 (a)

 

 

4,504,918

 

$

16.64

 

 

6.5

 

$

34.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

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​  

​  

​  

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(a)          

In addition to the options that are vested at December 31, 2015, the Company expects a portion of the unvested options to vest in the future. Options expected to vest in the future are determined by applying an estimated forfeiture rate to the options that are unvested as of December 31, 2015.

(b)          

The aggregate intrinsic value is based on the positive difference between the fair value of the Company's common stock price of $24.27 on December 31, 2015, or the date of exercises, as appropriate, and the exercise price of the underlying stock options.

 

Schedule of restricted stock activity

The following table summarizes information about restricted stock activity during the year ended December 31, 2015: 

                                                                                                                                                                                                                                                                                                                                       

 

 

Shares
Subject to
Restriction

 

Weighted
Average Grant
Date Fair
Value

 

Outstanding at December 31, 2014

 

 

309,725

 

$

17.20

 

Granted

 

 

135,677

 

 

19.83

 

Vested

 

 

(56,395

)

 

17.02

 

Forfeited

 

 

(145,857

)

 

17.42

 

​  

​  

Outstanding at December 31, 2015

 

 

243,150

 

$

18.58

 

​  

​  

​  

​  

​  

​  

​  

​