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Stock Based Compensation
3 Months Ended
Mar. 31, 2015
Stock Based Compensation [Abstract]  
Stock Based Compensation

12. Stock-Based Compensation

Our authorized capital stock consists of 100.0 million shares of common stock, $0.01 par value per share, and 50.0 million shares of preferred stock, $0.01 par value. As of March 31, 2015 and December 31, 2014, there were 20.5 million shares of common stock issued and outstanding, exclusive of the restricted common stock issued. We also have reserved a total of 1.8 million shares of our common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, including outstanding awards.

During the three months ended March 31, 2015, we issued 0.5 million shares of restricted common stock awards with a weighted average grant date fair value of $16.84 per share. The awards vest over a three year period from the grant date.

As of March 31, 2015, 0.9 million shares of restricted common stock were unvested, and $13.0 million of unrecognized compensation costs is expected to be recognized over a weighted average period of 2.5 years.

During the three months ended March 31, 2015 and 2014, we recognized stock-based compensation expense of $1.1 million and $0.3 million, respectively, which is included in selling, general, and administrative on our consolidated statements of operations.