XML 56 R43.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equity-Based compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Equity-Based Compensation Expense
The following table summarizes the compensation expense included in selling, general and administrative expenses in the Consolidated Statements of Earnings (Loss) related to equity-based compensation plans:
 
For the Year Ended December 31,
 
2015
2014
2013
Service-Based RSUs
$
1,944

$
1,771

$
2,879

Performance-Based RSUs
754

479

674

Market-Based RSUs
497

410

666

Total
$
3,195

$
2,660

$
4,219

Income tax benefit
$
1,201

$
1,000

$
1,600

Schedule of Unrecognized Equity-Based Compensation Expense
The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:
 
Unrecognized
compensation
expense at
December 31,
2015
Weighted-
average
period
Service-Based RSUs
$
1,475

1.28 years
Performance-Based RSUs
344

1.34 years
Market-Based RSUs
447

1.36 years
Total
$
2,266

 
Summary of Status of Equity-Based Compensation Plans
The following table summarizes the status of these plans as of December 31, 2015:
 
2014 Plan
2009 Plan
2004 Plan
Directors' Plan
Awards originally available
1,500,000

3,400,000

6,500,000

N/A

Stock options outstanding




RSUs outstanding
298,882

540,247

78,947

33,974

Options exercisable




Awards available for grant
1,113,383

540,247

78,947

33,974

Summary of Changes of Stock Options
A summary of the status of stock options as of December 31, 2015 and changes during the year then ended, is presented below:
 
Year Ended
 
December 31, 2015
 
Options
Weighted-
Average
Exercise Price
Outstanding at beginning of year
5,200

$
12.35

Exercised
(5,200
)
$
12.35

Expired

$

Forfeited

$

Outstanding at end of period

$

Exercisable at end of period

$

Summary of Status of Stock Options
 
Year Ended
 
December 31, 2015
Intrinsic values of stock options exercised
$
33

Weighted average remaining contractual life
0

Aggregate intrinsic values of options outstanding and options exercisable
$

Summary of Service-Based Restricted Stock Units
A summary of the status of RSUs for the 2004 Plan, 2009 Plan and 2014 Plan is presented below:
 
Units
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding at January 1, 2015
517,965

$
12.06

 
 

Granted
166,725

17.31

 
 

Released
(166,801
)
12.44

 
 

Forfeited
(46,693
)
17.20

 
 

Outstanding at December 31, 2015
471,196

$
13.27

8.07
$
8,312

Releasable at December 31, 2015
252,347

$
10.66

19.69
$
4,451

Schedule of Weighted Average Grant Date Fair Value and Intrinsic Value of RSU's
 
For the Year Ended December 31,
 
2015
2014
2013
Weighted-average grant date fair value
$
17.31

$
9.00

$
10.97

Intrinsic value of RSUs released
$
2,933

$
5,670

$
4,535

RSUs for the Director's Plan
A summary of the status of RSUs for the Director's Plan is presented below:
 
Units
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding at January 1, 2015
33,974

$
11.75




Granted


 
 

Released


 
 

Forfeited


 
 

Outstanding at December 31, 2015
33,974

$
11.75

N/A
$
599

Releasable at December 31, 2015
33,974

$
11.75

$

$
599

Summary of Changes of Nonvested RSU's
A summary of the nonvested RSUs is presented below:
 
RSUs
Weighted
Average
Grant Date
Fair Value
Nonvested at January 1, 2015
234,142

$
14.48

Granted
166,725

17.31

Vested
(135,325
)
14.10

Forfeited
(46,693
)
17.20

Nonvested at December 31, 2015
218,849

16.29

Summary of Fair Value of Restricted Stock Units Vested
 
Year Ended December 31,
 
2015
2014
2013
Fair value of RSUs vested
$
1,908

$
2,055

$
3,700

Schedule of Components of Performance-Based RSU's
Performance-Based RSUs include the following components:
Grant Date
Target
Units
Vesting
Year
Vesting
Dependency
Units
Awarded
February 11, 2013
54,950

2016
Sales growth

February 11, 2013
47,100

2016
Cash flow

February 14, 2014
15,071

2017
Sales growth

February 14, 2014
12,918

2017
Cash flow

February, 5, 2015
24,150

2018
Sales growth

February 5, 2015
20,700

2018
Cash flow

Schedule of Components of Market-Based RSU's
Market-Based RSUs include the following components:
Grant Date
Target
Units
Vesting
Year
Number of
Peer Group
Companies
Units
Awarded
February 11, 2013
26,950

2016
20


February 11, 2013
32,500

2016
20


February 14, 2014
15,071

2017
15


February 5, 2015
24,150

2018
23