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Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Activity [Table Text Block]
The table below summarizes changes to the issuances under the Company’s 2013 and 2017 Equity Plan for the periods indicated:
2013 Equity Plan
Number of shares (1)
Available for issuance as of December 31, 2016
961,650

Shares granted
(954,291
)
Shares rolled into 2017 Equity Plan
(7,359
)
Available for issuance as of June 30, 2017
—

 
 
2017 Equity Plan
Number of shares (1)
Available for issuance as of December 31, 2016
—

Available from 2007 Manager Plan
134,629

Available from 2013 Equity Plan
7,359

Available from 2017 Equity Plan
5,958,012

Shares granted
(60,000
)
Available for issuance as of June 30, 2017
6,040,000


(1) Excludes shares granted under the Company’s subsidiary incentive plans that are exchangeable for Tiptree Class A common stock.
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes changes to the issuances of Class A common stock and RSUs under the 2017 Equity Plan for the periods indicated:
 
 
Number of shares issuable
 
Weighted Average Grant Date Fair Value
Unvested units as of December 31, 2016
 
299,817

 
$
6.27

Granted (1)
 
443,664

 
6.59

Vested
 
(131,012
)
 
6.31

Unvested units as of June 30, 2017
 
612,469

 
$
6.49


(1) Includes grants of 16,176 shares of Class A common stock to directors.
he following table presents the Company's stock option activity for the current period:
 
Options Outstanding
 
Weighted Average Exercise Price (in dollars per stock option)
 
Weighted Average Grant Date Value (in dollars per stock option)
 
Options Exercisable
Balance, December 31, 2016
251,237

 
$
5.69

 
$
2.62

 
—

Granted
570,627

 
6.65

 
2.91

 
—

Balance, June 30, 2017
821,864

 
$
6.36

 
$
2.82

 
—

 
 
 
 
 
 
 
 
Weighted average remaining contractual term at June 30, 2017 (in years)
9.3

 
 
 
 
 
 
Schedule of Other Share-based Compensation, Activity [Table Text Block]
The following table summarizes changes to the issuances of subsidiary RSU’s under the subsidiary incentive plans for the periods indicated:
 
 
Grant date fair value of equity shares issuable
Unvested balance as of December 31, 2016
 
$
8,089

Vested
 
(2,055
)
Grant value adjustment (1)
 
(210
)
Unvested balance as of June 30, 2017
 
$
5,824



(1) Due to the approval of the 2017 Equity Plan, Tiptree changed the classification of the subsidiary RSU’s during the three months ended June 30, 2017 from liability to equity awards, because the Company expects to settle these awards in stock.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table presents the assumptions used to estimate the fair values of the stock options granted for the following period:
Valuation Input
 
Six Months Ended June 30, 2017
 
 
 
 
Weighted
 
 
Assumption
 
Average
Historical Volatility
 
47.20
%
 
N/A
Risk-free Rate
 
2.44
%
 
N/A
Dividend Yield
 
1.80
%
 
N/A
Expected term (years)
 
 
 
6.5
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The following table presents the total time-based and performance-based stock-based compensation expense and the related income tax benefit recognized on the condensed consolidated statements of operations:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Payroll and employee commissions
$
1,342

 
$
574

 
$
3,140

 
$
964

Professional fees (1)
—

 
29

 
—

 
64

Income tax benefit
(474
)
 
(213
)
 
(1,108
)
 
(363
)
Net stock-based compensation expense
$
868

 
$
390

 
$
2,032

 
$
665


(1)
Professional fees consist of the value of restricted stock units and options granted to persons providing services to the Company.

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]
Additional information on total non-vested stock-based compensation is as follows:
 
As of
 
June 30, 2017
 
Stock Options
 
Restricted Stock Awards and RSUs
Unrecognized compensation cost related to non-vested awards
$
1,953

 
$
7,631

Weighted - average recognition period (in years)
3.8

 
2.3