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Share-Based Compensation and Employee Ownership Plans (Tables)
 9 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the Company's stock option activity for the nine months ended September 30, 2015:
 
Shares Subject
to Option
 
Weighted Average
Exercise Price/Share
 
Weighted Average
Remaining Term
 
Aggregate Intrinsic
Value(1)
 
 
 
 
 
(in years)
 
(dollars in thousands)
Balance outstanding at December 31, 2014
216,672

 
$
5.65

 
1.60

 
$
87

Options granted
—

 
—

 
—

 
—

Options exercised
(100,002
)
 
3.96

 
—

 
—

Options expired
(100,003
)
 
7.49

 
—

 
—

Balance outstanding at September 30, 2015
16,667

 
$
4.89

 
1.35

 
$
—

Options exercisable at September 30, 2015
16,667

 
$
4.89

 
1.35

 
$
—

(1)
Based on the Company's closing stock price of $4.56 on September 30, 2015 and $4.80 on December 31, 2014.
Schedule of Share-based Compensation, Stock Appreciation Rights, Activity
As of September 30, 2015, the unrecognized compensation expense related to the Company's grant of stock options was insignificant.
The following table summarizes the Company's SAR's for the nine months ended September 30, 2015:
 
Shares Subject
to Option
 
Weighted Average
Exercise Price/Share
 
Weighted Average
Remaining Term
 
Aggregate Intrinsic
Value(1)
 
 
 
 
 
(in years)
 
(dollars in thousands)
Balance outstanding at December 31, 2014
400,000

 
$
2.90

 
3.21

 
$
913

SAR's granted
—

 
—

 
—

 
—

SAR's acquired
—

 
—

 
—

 
—

SAR's expired
—

 
—

 
—

 
—

Balance outstanding at September 30, 2015
400,000

 
$
2.90

 
2.46

 
$
781

SAR's exercisable at September 30, 2015
—

 
$
—

 
—

 
$
—


(1)
Based on the Company's closing stock price of $4.56 on September 30, 2015 and $4.80 on December 31, 2014.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Restricted shares and restricted stock units are referred to collectively as restricted stock. The following table summarizes the Company's restricted share and restricted stock unit activity for the nine months ended September 30, 2015:
 
Nonvested Restricted Shares and Restricted Stock Units
 
Weighted-Average
Grant Date
Fair Value
Balance outstanding at December 31, 2014
17,654,582

 
$
3.70

Granted
5,718,605

 
4.79

Vested
(3,992,005
)
 
3.08

Canceled
—

 
—

Forfeited
(1,017,758
)
 
3.41

Balance outstanding at September 30, 2015 (1)
18,363,424

 
$
4.19


(1) Performance linked restricted stock units of 1,925,750 were awarded to employees of the Company in December 2013 and January 2014. Of the awards granted, 326,250 have been forfeited through September 30, 2015. The remaining awards, included in the outstanding balance as of September 30, 2015, will vest on June 10, 2019 and will be earned only to the extent that the Company attains specified performance goals relating to its volume-weighted average share price and the aggregate net income for the years from 2014 to 2018. The actual number of RSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 100% of the targeted award. Each RSU is equal to the one share of the Company’s Class A common stock. Compensation expense is recognized to the extent that it is probable that the Company will attain the performance goals.