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Equity and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Assumptions used to estimate the fair value of the stock options and their results
In 2015, 2014, and 2013, there were no stock option grants.
Stock options activity
The following is a summary of stock option activity for the years ended December 31, 2015, 2014, and 2013:
 
Number of
Options
(000s)
 
Weighted Average
Exercise Price Per Option
Outstanding at December 31, 2012
4,437

 
$
21.74

Exercised
(283
)
 
8.12

Forfeited/Expired
(1,076
)
 
21.98

Outstanding at December 31, 2013
3,078

 
22.90

Exercised
(206
)
 
8.26

Forfeited/Expired
(661
)
 
28.18

Outstanding at December 31, 2014
2,211

 
22.69

Exercised
(23
)
 
8.02

Forfeited/Expired
(425
)
 
26.13

Outstanding at December 31, 2015
1,763

 
22.05

Options Exercisable at December 31, 2015
1,763

 
$
22.05

 
 
 
 
Summary of restricted stock activity
The following table summarizes restricted stock activity for the years ended December 31, 2015, 2014, and 2013:
 
Number of
Shares
(000s)
 
Weighted-Average Grant Date
Fair Value
Non-vested restricted stock at December 31, 2012
703

 
$
7.55

Granted
160

 
8.91

Vested
(361
)
 
7.50

Forfeited
(52
)
 
8.24

Non-vested restricted stock at December 31, 2013
450

 
8.00

Granted
138

 
10.75

Vested
(236
)
 
8.00

Forfeited
(10
)
 
9.48

Non-vested restricted stock at December 31, 2014
342

 
9.08

Granted
166

 
11.06

Vested
(210
)
 
8.41

Forfeited
(5
)
 
10.68

Non-vested restricted stock at December 31, 2015
293

 
$
10.65

Summary of regular RSU activity
Summary of all performance-based RSU activity
The following table summarizes the performance-based RSU activity as of December 31, 2015, 2014, and 2013 (in thousands):
 
 
Outstanding at December 31, 2012
782

Granted
196

Exercised
(94
)
Forfeited
(129
)
Outstanding at December 31, 2013
755

Granted
205

Exercised
(150
)
Forfeited
(14
)
Outstanding at December 31, 2014
796

Granted
244

Exercised
(191
)
Forfeited
(6
)
Outstanding at December 31, 2015
843

Summary of distribution of taxable income
The following reconciles dividends paid and dividends applied in 2015, 2014, and 2013 to meet REIT distribution requirements (in thousands):
 
2015
 
2014
 
2013
Common and preferred dividends paid
$
69,196

 
$
64,510

 
$
37,200

Dividends treated as taxable compensation
(94
)
 
(110
)
 
(98
)
Portion of dividends declared in current year, and paid in current year, which was applied to the prior year distribution requirements
(731
)
 
(2,182
)
 
(470
)
Portion of dividends declared in subsequent year, and paid in subsequent year, which apply to current year distribution requirements
34

 
731

 
2,182

Dividends applied to meet current year REIT distribution requirements
$
68,405

 
$
62,949

 
$
38,814

Summary of components of the taxability of the Company's dividends
The following summarizes the components of the taxability of the Company’s distributions for the years ended December 31, 2015, 2014, and 2013:
 
Total 
Distributions
Per Share
 
Ordinary
Dividends
 
Long-Term
Capital Gain
 
Unrecaptured
Section 1250
Gain (A)
 
Cash Liquidation Distributions
Common:
 
 
 
 
 
 
 
 
 
2015
$
0.320000

 
$
0.161738

 
$
0.158262

 
$
0.097271

 
$

2014
$
0.300000

 
$
0.281564

 
$
0.018436

 
$
0.018436

 
$

2013
$
0.180000

 
$
0.170355

 
$
0.009645

 
$
0.009457

 
$

Series A Preferred:
 
 
 
 
 
 
 
 
 
2013
$
25.968750

 
$
0.966882

 
$
0.001868

 
$

 
$
25.000000

Series B Preferred:
 
 
 
 
 
 
 
 
 
2014
$
25.776040

 
$
0.467750

 
$
0.001000

 
$
0.001000

 
$
25.307290

2013
$
1.875000

 
$
1.774673

 
$
0.100327

 
$
0.098519

 
$

 
(A)
Represents a portion of the dividend allocated to long-term capital gain.