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Equity Based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Summary of Option Activity for Stock Options

The following table sets forth the summary of option activity for stock options with service vesting conditions as of June 30, 2014:

 

     Shares     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (Yrs.)
     Aggregate
Intrinsic

Value
 

Outstanding at January 1, 2014

     607,500      $ 8.88         6.04      

Granted

     —        $ —           

Exercised

     (2,500   $ 7.34            70   

Expired

     (5,000   $ 37.46         

Forfeited

     —        $ —           
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at June 30, 2014

     600,000      $ 8.65         5.59       $ 15,890   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable on June 30, 2014

     595,000      $ 8.67         5.57       $ 15,746   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest June 30, 2014

     4,977      $ 6.23         7.09       $ 143   
  

 

 

   

 

 

    

 

 

    

 

 

 
Summary of Activity for Restricted Stock Grants

The following table sets forth the summary of activity for restricted stock grants, including performance-based awards, for the six months ended June 30, 2014:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Nonvested at January 1, 2014

     573,353      $ 12.51   

Granted

     138,855      $ 29.44   

Vested

     (123,437   $ 8.91   

Forfeited

     —        $ —     
  

 

 

   

 

 

 

Nonvested at June 30, 2014

     588,771      $ 17.26   
  

 

 

   

 

 

 
Market Based Vesting Conditions [Member]
 
Summary of Option Activity for Stock Options

The following table sets forth the summary of option activity for the Company’s stock options with market condition vesting for the six months ended June 30, 2014:

 

     Shares      Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
     Aggregate
Intrinsic

Value
 

Outstanding at January 1, 2014

     100,000       $ 25.95         3.28       $ —     

Forfeited

     —              
  

 

 

    

 

 

    

 

 

    

 

 

 

Outstanding at June 30, 2014

     100,000       $ 25.95         2.79       $ 612   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable on June 30, 2014

     66,666       $ 25.95         2.79       $ 612   
  

 

 

    

 

 

    

 

 

    

 

 

 

Expected to vest June 30, 2014

     —         $ —           —         $ —