Equity Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Yrs.)		Aggregate Intrinsic Value
Outstanding at January 1, 2015		600,000	$	8.65		5.08
Granted		—	$	—
Exercised		—	$	—
Expired		—	$	—
Forfeited		—	$	—
Outstanding at March 31, 2015		600,000	$	8.65		4.83	$	14,972
Exercisable on March 31, 2015		600,000	$	8.65		4.83	$	14,972
Expected to vest March 31, 2015		—	$	—		—	$	—

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 three months ended March 31, 2015:

	Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015		346,377		$	19.15
Granted		169,589		$	33.64
Vested		(264,651	)	$	20.75
Forfeited		—		$	—
Nonvested at March 31, 2015		251,315		$	27.24

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 three months ended March 31, 2015:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at January 1, 2015		100,000	$	25.95		2.28	$	—
Forfeited		—		—		—
Outstanding at March 31, 2015		100,000	$	25.95		2.04	$	765
Exercisable on March 31, 2015		66,666	$	25.95		2.04	$	510
Expected to vest March 31, 2015		—	$	—		—	$	—