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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Weighted Average Assumptions Used for Grants

The following are the weighted average assumptions used for grants during the years ended December 31, 2013, and 2012, respectively, and for valuation of the modified time-based awards in June 2014:

 

     Year Ended December 31,  
     2014     2013     2012  

Dividend yield

     0.00     0.00     0.00

Expected volatility

     65.0     73.25     75.71

Risk-free interest rate

     1.54     0.52     0.58

Expected term (in years) for performance-based shares

     N/A        3.85        3.85   

Expected term (in years) for time-based and modified time-based shares

     4.50        9.21        10.32   
Summary of Stock-based Compensation Expense

The amount of stock-based compensation expense recorded within “Selling, general and administrative expenses” in the consolidated statements of operations for the years ended December 31, 2014, 2013, and 2012, respectively, was as follows:

 

     Year Ended December 31,  
     2014      2013      2012  

Time-based Restricted Stock Awards

   $ 7,037       $ 8,346       $ 4,192   

Modified Time-based Restricted Stock Awards

     2,469         —          —    

Restricted Stock Units- under 2014 Omnibus Plan

     100         —          —    

Liability awards

     50         46         861   

Management Retention Awards

     896         1,416         2,275   

Parent Company Restricted Stock Sales

     —          171         —    
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

$ 10,552    $ 9,979    $ 7,328   
Time-based Restricted Stock Awards [Member]  
Summary of Parent's Modified Time-based Restricted Stock Awards

The following table summarizes the activity in the Parent’s time-based restricted stock awards during the year ended December 31, 2014:

 

Time-based restricted stock

   Shares      Weighted-Average
Grant Date
Fair Value per Share
 

Unvested, December 31, 2013

     131,190       $ 164.97   

Granted

     —          —    

Vested

     (66,143      163.03   

Forfeited

     (2,499      135.21   
  

 

 

    

Unvested, December 31, 2014

  62,548    $ 172.64   
  

 

 

 
Summary of Weighted-average Grant Date Fair Value per Share of Modified Time-based Restricted Stock Awards Granted Total and Fair Value of Awards Vested

The following table summarizes the weighted-average grant date fair value per share of time-based restricted stock awards granted during the years ended December 31, 2014, 2013, and 2012, as well as the total fair value of awards vested during those periods:

 

     Time-Based Restricted Stock  
     Weighted-Average Grant Date
Fair Value per Share
of Grants during Period
    Total Fair Value
of Awards Vested
during Period
 

Year Ended December 31, 2014

     N/A (1)     $ 10,783   

Year Ended December 31, 2013

   $ 155.40      $ 6,795   

Year Ended December 31, 2012

   $ 204.32      $ 9,100   

 

(1) There were no grants of time-based restricted stock awards by the Parent during the year-ended December 31, 2014.
Modified Time-based Restricted Stock Awards [Member]  
Summary of Parent's Modified Time-based Restricted Stock Awards

The following table summarizes the activity in the Parent’s modified time-based restricted stock awards during the year ended December 31, 2014:

 

Modified time-based restricted stock

   Shares      Weighted-Average
Grant Date
Fair Value per Share
 

Unvested, December 31, 2013

     118,123       $ 131.83   

Granted*

     —          —    

Vested*

     —          —    

Forfeited*

     (10,068      97.45   
  

 

 

    

Unvested, June 10, 2014*

  108,055    $ 115.30   

Granted

  —       —    

Vested

  (775   115.30   

Forfeited

  —       —    
  

 

 

    

Unvested, December 31, 2014

  107,280    $ 115.30   
  

 

 

    

 

* Represents activity and balances during the current year prior to the June 2014 modification discussed above. Note that the fair value of all unvested awards was adjusted to reflect the updated fair value per share upon modification.
Summary of Weighted-average Grant Date Fair Value per Share of Modified Time-based Restricted Stock Awards Granted Total and Fair Value of Awards Vested

The following table summarizes the weighted-average grant date fair value per share of modified time-based restricted stock awards (named performance-based awards, prior to June 2014 modification) granted during the years ended December 31, 2014, 2013, and 2012, as well as the total fair value of awards vested during those periods:

 

     Modified Time-Based Restricted Stock  
     Weighted-Average Grant Date
Fair Value per Share
of Grants during Period
    Total Fair Value
of Awards Vested
during Period
 

Year Ended December 31, 2014

     N/A (1)    $ —    

Year Ended December 31, 2013

   $ 114.50      $ —    

Year Ended December 31, 2012

   $ 170.43      $ —    

 

(1) There were no grants of performance-based restricted stock awards (or modified time-based restricted stock awards) by the Parent during the year-ended December 31, 2014.