XML 49 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2015
Share-Based Payments  
Schedule of shares available for issuance under the 2013 Plan

        The following table is a roll-forward of shares available for issuance under the 2013 Plan for the period beginning June 11, 2013 through the year ended December 31, 2015 (in thousands):

                                                                                                                                                                                    

 

 

Shares
Available for
Issuance

 

Shares reserved for issuance at June 11, 2013

 

 

3,300

 

Add:

 

 

 

 

Stockholder-approved increase in share pool in 2014

 

 

1,800

 

Stockholder-approved increase in share pool in 2015

 

 

2,550

 

Stock options and restricted stock awards forfeited or expired under prior plans

 

 

630

 

Stock options and awards forfeited under 2013 Plan

 

 

278

 

Less:

 

 

 

 

Stock options and awards granted under 2013 Plan

 

 

(4,009

)

​  

​  

Shares reserved for issuance at December 31, 2015

 

 

4,549

 

​  

​  

 

Summary of share-based compensation expense (income)

 

        The following table summarizes share-based compensation expense recorded in the years ended December 31, 2015, 2014 and 2013 (in millions):

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

Outstanding employee and non-employee stock option grants

 

$

10.5 

 

$

9.7 

 

$

8.1 

 

Outstanding restricted stock awards

 

 

0.5 

 

 

3.5 

 

 

4.3 

 

Employee stock purchase plan

 

 

0.4 

 

 

0.4 

 

 

0.4 

 

​  

​  

​  

​  

​  

​  

Total compensation cost

 

$

11.4 

 

$

13.6 

 

$

12.8 

 

​  

​  

​  

​  

​  

​  

 

Schedule of weighted average assumptions

 

                                                                                                                                                                                    

 

 

Weighted Average Assumptions

 

 

 

Stock Options

 

Employee Stock
Purchase Plan

 

 

 

2015

 

2014

 

2013

 

2015

 

2014

 

2013

 

Expected volatility

 

 

59 

%

 

66 

%

 

63 

%

 

59 

%

 

63 

%

 

64 

%

Expected dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected life (years)

 

 

6.1 

 

 

6.1 

 

 

6.0 

 

 

0.5 

 

 

0.5 

 

 

0.5 

 

Risk-free interest rate

 

 

1.9 

%

 

2.2 

%

 

1.5 

%

 

0.1 

%

 

0.1 

%

 

0.1 

%

 

 

Schedule of stock option activity of company's stock plan

 

 

                                                                                                                                                                                    

 

 

Number of
Stock
Options
(in thousands)

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term (in years)

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 31, 2014

 

 

7,110

 

$

14.43

 

 

 

 

 

 

 

Granted

 

 

1,635

 

 

14.61

 

 

 

 

 

 

 

Exercised

 

 

(1,737

)

 

13.57

 

 

 

 

 

 

 

Forfeited

 

 

(157

)

 

14.71

 

 

 

 

 

 

 

Expired

 

 

(240

)

 

18.52

 

 

 

 

 

 

 

​  

​  

Outstanding at December 31, 2015

 

 

6,611

 

$

14.54

 

 

6.45

 

$

9,041

 

​  

​  

​  

​  

Exercisable at December 31, 2015

 

 

4,211

 

$

14.09

 

 

5.21

 

$

6,507

 

​  

​  

​  

​  

Vested or expected to vest at December 31, 2015

 

 

6,362

 

$

14.52

 

 

6.35

 

$

8,777

 

​  

​  

 

 

Schedule of nonvested shares of restricted stock

 

        A summary of the status of nonvested shares of restricted stock as of December 31, 2015 and the changes during the year then ended are presented below (in thousands, except fair values):

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted Average
Grant Date
Fair Value

 

Nonvested at January 1, 2015

 

 

1,174

 

$

15.15

 

Granted

 

 

255

 

 

13.19

 

Vested

 

 

(517

)

 

15.15

 

Forfeited

 

 

(151

)

 

14.55

 

​  

​  

Nonvested at December 31, 2015

 

 

761

 

$

14.61

 

​  

​  

 

Summarized information about time-based or performance-based vesting schedules

 

        Nonvested shares of restricted stock that have time-based or performance-based vesting schedules as of December 31, 2015 are summarized below (in thousands):

                                                                                                                                                                                    

Vesting Schedule

 

Nonvested
Shares

 

Time-based

 

 

449 

 

Performance-based

 

 

312 

 

​  

​  

Nonvested at December 31, 2015

 

 

761 

 

​  

​