XML 74 R64.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation and Employee Ownership Plans Restricted Shares and Restricted Stock Units (Details) - Equity Plans - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 2 Months Ended 3 Months Ended 9 Months Ended
Mar. 31, 2016
Jan. 31, 2014
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Weighted-Average Grant Date Fair Value            
Allocated Share-based Compensation Expense     $ 6.2 $ 5.3 $ 19.3 $ 16.2
Restricted Shares and Restricted Stock Units (RSUs)            
Nonvested Restricted Shares and Restricted Stock Units            
Balance outstanding, beginning of period, shares         21,480,364  
Granted, shares         8,087,610  
Vested, shares         (5,912,240)  
Canceled, shares         0  
Forfeited, shares         (1,291,693)  
Balance outstanding, end of period, shares [1]     22,364,041   22,364,041  
Weighted-Average Grant Date Fair Value            
Balance outstanding, beginning of period, in dollars per share         $ 4.17  
Granted, in dollars per share         3.48  
Vested, in dollars per share         3.74  
Canceled, in dollars per share         0.00  
Forfeited, in dollars per share         3.72  
Balance outstanding, end of period, in dollars per share [1]     $ 4.06   $ 4.06  
Unrecognized compensation expense     $ 65.3   $ 65.3  
Weighted-average recognition period for unrecognized compensation expense         2 years 8 months 9 days  
Performance based restricted stock            
Nonvested Restricted Shares and Restricted Stock Units            
Granted, shares 2,800,000 1,925,750        
Forfeited, shares         (387,500)  
[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, 387,500 have been forfeited through September 30, 2016. The remaining awards, included in the outstanding balance as of September 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.