Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock option activity

The following table summarizes stock option activity during the year and also presents stock options outstanding and exercisable as of June 30, 2016 (dollars in millions, except for per share data):

	Number of Shares		Weighted Average Exercise Price Per Share
Options outstanding at December 31, 2015	4,366,297		$	6.24
Granted	375,688		$	25.57
Exercised	(25,000	)	$	12.57
Forfeited	(69,417	)	$	13.59
Expired	(2,357	)	$	7.06
Options outstanding at June 30, 2016	4,645,211		$	7.65
Options exercisable at June 30, 2016	2,293,596		$	5.69

Schedule of RSA and RSU activity

The following table summarizes RSA and RSU activity for the six months ended June 30, 2016:

	RSAs				RSUs
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Outstanding at December 31, 2015	—		$	—	—		$	—
Granted	31,871		$	25.57	82,993		$	25.57
Vested	(31,871	)	$	25.57	—		$	—
Forfeited	—		$	—	(1,635	)	$	25.57
Outstanding at June 30 2016	—		$	—	81,358		$	25.57

Schedule of unrecognized compensation cost

Unrecognized stock-based compensation related to outstanding unvested stock options is expected to be recognized in the Company’s statements of income as follows (by fiscal year):

(dollars in thousands)
2016 (period from July 1, to December 31, 2016)	$	1,717
2017	3,438
2018	2,082
2019	598
2020	58
Total	$	7,893