Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Additional Information Related to Equity-Based Compensation

Equity-Based Compensation (in thousands, except weighted average years):

	Three Months Ended June 30,				Six Months Ended June 30,				Unrecognized Equity-Based Compensation as of		Weighted Average Years Remaining of Equity-Based Compensation as of
	2014		2013		2014		2013		June 30, 2014		June 30, 2014
SARs	$	201	$	601	$	451	$	1,202	$	887	1.62
Restricted Stock		6,268		1,237		9,561		2,426		49,926	1.8
DSUs	99		96		245		186		215		0.5
		6,568		1,934		10,257		3,814		51,028
Equity-Based Compensation for Consolidated Businesses	171		162		358		345			1,227	1.81
Total Equity-Based Compensation	$	6,739	$	2,096	$	10,615	$	4,159	$	52,255

Changes in Stock Appreciation Rights

Activity with respect to SARs during the three and six months ended June 30, 2014 and 2013 was as follows:

	Three Months Ended June 30,
	2014						2013
	Number of SARs		Weighted Average Base Price		Weighted Average Fair Value		Number of SARs		Weighted Average Base Price		Weighted Average Fair Value
Granted		-	$	-	$	-		-	$	-	$	-
Exercised ⁽¹⁾		24,352	$	9.56	$	4.92		28,864	$	7.40	$	4.44
Forfeited		-	$	-	$	-		5,346	$	9.95	$	5.39


	Six Months Ended June 30,
	2014						2013
	Number of SARs		Weighted Average Base Price		Weighted Average Fair Value		Number of SARs		Weighted Average Base Price		Weighted Average Fair Value
Granted		-	$	-	$	-		-	$	-	$	-
Exercised ⁽¹⁾		318,277	$	8.19	$	4.72		155,488	$	8.78	$	5.27
Forfeited		-	$	-	$	-		5,346	$	9.95	$	5.39

⁽¹⁾

The exercise of SARs listed in the three-month period table resulted in the issuance of 8,634 shares and 6,999 shares of ICG’s Common Stock during the three months ended June 30, 2014 and 2013, respectively. The exercise of SARs listed in the six-month period table resulted in the issuance of 129,093 shares and 44,232 shares of ICG’s Common Stock during the six months ended June 30, 2014 and 2013, respectively.

Changes in Restricted Stock

Share activity with respect to restricted stock awards for the three and six months ended June 30, 2014 and 2013 was as follows:

	Three Months Ended June 30,
	2014				2013
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Granted		135,000	$	17.41		-	$	-
Vested		61,647	$	10.52		62,458	$	10.54
Forfeited		-	$	-		1,718	$	10.31


	Six Months Ended June 30,
	2014				2013
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Granted		3,230,948	$	17.22		168,190	$	13.06
Vested		237,418	$	12.12		137,904	$	10.12
Forfeited		366,666	$	9.96		10,395	$	12.67

Summary of Share Activity with Respect to Deferred Stock Units

Share activity with respect to periodically-issued DSUs for the three and six months ended June 30, 2014 and 2013 was as follows:

	Three Months Ended June 30,
	2014				2013
	Number of DSUs		Grant Date Fair Value		Number of DSUs		Grant Date Fair Value
Granted		-	$	-		29,250	$	13.09
Vested		-	$	-		41,250	$	8.40


	Six Months Ended June 30,
	2014				2013
	Number of DSUs		Grant Date Fair Value		Number of DSUs		Grant Date Fair Value
Granted		22,500	$	17.63		29,250	$	13.09
Vested		29,250	$	13.09		41,250	$	8.40

Changes in Deferred Stock Units Related to Quarterly Grants

Activity related to grants of DSUs for service in lieu of cash for the three and six months ended June 30, 2014 and 2013 was as follows:

	Three Months Ended June 30,
	2014				2013
	Number of DSUs		Expense Recognized (in thousands)		Number of DSUs		Expense Recognized (in thousands)
Granted and vested		3,755	$	80		7,888	$	96


	Six Months Ended June 30,
	2014				2013
	Number of DSUs		Expense Recognized (in thousands)		Number of DSUs		Expense Recognized (in thousands)
Granted and vested		9,668	$	159		15,372	$	191

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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