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Share-Based Compensation and Employee Ownership Plans (Tables)
 6 Months Ended
Jun. 30, 2016
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 six months ended June 30, 2016:
 
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, 2015
16,667

 
$
4.89

 
1.10

 
$
—

Options granted
—

 
—

 
—

 
—

Options exercised
—

 
—

 
—

 
—

Options expired
—

 
—

 
—

 
—

Balance outstanding at June 30, 2016
16,667

 
$
4.89

 
0.60

 
$
—

Options exercisable at June 30, 2016
16,667

 
$
4.89

 
0.60

 
$
—

(1)
Based on the Company's closing stock price of $2.96 on June 30, 2016 and $3.83 on December 31, 2015.
Schedule of Share-based Compensation, Stock Appreciation Rights, Activity
As of June 30, 2016, the Company's stock options were fully expensed.
The following table summarizes the Company's SAR's for the six months ended June 30, 2016:
 
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, 2015
400,000

 
$
2.90

 
2.21

 
$
558

SAR's granted
—

 
—

 
—

 
—

SAR's acquired
—

 
—

 
—

 
—

SAR's expired
—

 
—

 
—

 
—

Balance outstanding at June 30, 2016
400,000

 
$
2.90

 
1.71

 
$
260

SAR's exercisable at June 30, 2016
—

 
$
—

 
—

 
$
—


(1)
Based on the Company's closing stock price of $2.96 on June 30, 2016 and $3.83 on December 31, 2015.
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 six months ended June 30, 2016:
 
Nonvested Restricted Shares and Restricted Stock Units
 
Weighted-Average
Grant Date
Fair Value
Balance outstanding at December 31, 2015
21,480,364

 
$
4.17

Granted
7,459,588

 
3.47

Vested
(5,845,613
)
 
3.73

Canceled
—

 
—

Forfeited
(1,024,709
)
 
3.74

Balance outstanding at June 30, 2016 (1)
22,069,630

 
$
4.07


(1) Performance linked restricted stock units of 1,925,750 were awarded to employees of the Company in December 2013 and January 2014. An additional 2,800,000 performance linked restricted stock units were awarded in March 2016. Of the awards granted, 326,250 have been forfeited through June 30, 2016. The remaining awards, included in the outstanding balance as of June 30, 2016, will vest between March 2019 and December 2020 and will be earned only to the extent that the Company attains specified market goals relating to its volume-weighted average share price and total shareholder return in relation to certain benchmark indices and performance goals relating to aggregate net income and average return on shareholder equity. The actual number of RSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 150% 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.