XML 71 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Stock Performance Activity

The activity related to the Company’s time-vesting and performance-vesting share awards during the six months ended June 30, 2015 is as follows:

 

                Performance-Vesting Restricted shares  
    Time-Vesting
Restricted shares
    Bonus
Performance
Restricted shares
    Long-Term
Incentive
Performance
Restricted
shares
    2.25x Performance
Restricted shares
    2.75x Performance
Restricted shares
 
    Shares     Weighted
Average
Grant Date
Fair Value
per Share
    Shares     Weighted
Average
Grant Date
Fair Value
per Share
    Shares     Weighted
Average
Grant
Date Fair
Value
per Share
    Shares     Weighted
Average
Grant Date
Fair Value
per Share
    Shares     Weighted
Average
Grant Date
Fair Value
per Share
 

Outstanding at December 31, 2014

    164,545      $ 11.68        —          —          —          —          1,451,453      $ 20.96        1,451,453      $ 12.61   

Granted

    667,441      $ 19.06        447,627      $ 19.02        75,832      $ 18.96        —          —          —          —     

Vested

    (154,325   $ 14.45        —          —          —          —          —          —          —          —     

Forfeited

    (51,214   $ 11.81        (14,164   $ 18.96        (8,345   $ 18.96        (77,791   $ 22.89        (77,791   $ 15.75   
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

   

Outstanding at June 30, 2015

    626,447      $ 18.85        433,463      $ 19.03        67,487      $ 18.96        1,373,662      $ 20.81        1,373,662      $ 12.36   
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

   

Schedule of Activity Related to Stock Option Awards

The activity related to the Company’s stock option awards during the six months ended June 30, 2015 is as follows:

 

     Options      Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (in years)
     Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2014

     —           —           

Granted

     1,992,594       $ 19.53         

Exercised

     —           —           

Forfeited

     (58,166    $ 18.96         
  

 

 

          

Outstanding at June 30, 2015

     1,934,428       $ 19.55         9.7       $ 8,710   
  

 

 

          

Exercisable at June 30, 2015

     —           —           —           —     
  

 

 

          
Schedule of Key Weighted-average Assumptions Utilized in Black-Scholes Option Pricing Model for Stock Options Granted

Key weighted-average assumptions utilized in the Black-Scholes Option Pricing Model for stock options granted during the six months ended June 30, 2015 were:

 

Grant date fair value

   $ 4.50   

Risk-free interest rate

     1.63

Expected volatility

     36.67

Expected dividend yield

     4.28

Expected life (in years)

     6.25