Equity-Based compensation (Tables)

12 Months Ended

Dec. 31, 2014

Equity-Based Compensation

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,
($ in thousands)	2014		2013		2012
Service-Based RSUs	$	1,771	$	2,879	$	2,939
Performance-Based RSUs		479		674		242
Market-Based RSUs		410		666		918
Total	$	2,660	$	4,219	$	4,099
Income tax benefit	$	1,000	$	1,600	$	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:

($ in thousands)	Unrecognized compensation expense at December 31, 2014		Weighted- average period
Service-Based RSUs	$	1,106	1.3 years
Performance-Based RSUs		875	1.4 years
Market-Based RSUs		634	1.3 years
Total	$	2,615

Summary of Status of Equity-Based Compensation Plans

The following table summarizes the status of these plans as of December 31, 2014:

	2014 Plan		2009 Plan		2004 Plan		2001 Plan
Awards originally available		1,500,000		3,400,000		6,500,000		2,000,000
Stock options outstanding		—		—		5,200		—
RSUs outstanding		42,300		374,442		101,223		—
Options exercisable		—		—		5,200		—
Awards available for grant		1,457,700		1,616,398		106,423		—

Summary of Changes of Stock Options

A summary of the status of stock options as of December 31, 2014, and changes during the year then ended, is presented below:

	Year Ended
	December 31, 2014
	Options			Weighted- Average Exercise Price
Outstanding at beginning of year		123,000		$	12.78
Exercised		(115,100	)	$	12.84
Expired		(2,700	)	$	11.04
Forfeited		—		$	—
Outstanding at end of period		5,200		$	12.35
Exercisable at end of period		5,200		$	12.35

Summary of Status of Stock Options

	Year Ended
	December 31, 2014
Intrinsic values of stock options exercised	$	831,000
Weighted average remaining contractual life		0.9 years
Aggregate intrinsic values of options outstanding and options exercisable	$	29,000

Summary of Service-Based Restricted Stock Units

A summary of the status of RSUs is presented below:

	Units			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2014		630,288		$	10.36
Granted		259,315			9.00
Converted		(289,677	)		5.68
Forfeited		(81,961	)		11.86
Outstanding at December 31, 2014		517,965		$	12.06	11.1 years	$	9,235,000
Convertible at December 31, 2014		283,823		$	10.07	19.2 years	$	5,061,000

Schedule of Weighted Average Grant Date Fair Value and Intrinsic Value of RSU's

	For the Year Ended December 31,
	2014		2013		2012
Weighted average grant date fair value	$	9.00	$	10.97	$	9.83
Intrinsic value of RSUs converted	$	5,670,000	$	4,535,000	$	2,700,000

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, 2014		369,565		$	11.05
Granted		259,315			9.00
Vested		(312,777	)		6.57
Forfeited		(81,961	)		11.86
Nonvested at December 31, 2014		234,142			14.48

Summary of Fair Value of Restricted Stock Units Vested

	Year Ended December 31,
($ in thousands)	2014		2013		2012
Fair value of RSUs vested	$	2,055	$	3,700	$	2,600

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 8, 2012		45,850		2014	Sales growth		—
February 8, 2012		39,300		2014	Cash flow		69,600
February 11, 2013		77,700		2016	Sales growth		—
February 11, 2013		66,600		2016	Cash flow		—
February 14, 2014		25,085		2017	Sales growth		—
February 14, 2014		21,500		2017	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 8, 2012		45,850		2014		28		63,800
February 11, 2013		77,700		2016		20		—
February 11, 2013		32,500		2016		20		—
February 14, 2014		25,085		2017		15		—