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Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Long-Term Incentive Unit Activity
Below is a summary of our long-term incentive unit activity for the six months ended June 30, 2016.
Unvested Long-term Incentive Units
Units

Weighted-Average
Grant Date Fair
Value
Unvested, beginning of period
276,669


$
62.92

Granted
24,823


84.65

Vested
(134,318
)

62.74

Cancelled or expired



Unvested, end of period
167,174


$
66.28

Market Performance Based Awards
In the event that the RMS Relative Market Performance during the Market Performance Period is achieved at the “threshold,” “target” or “high” level as set forth below, the awards will become vested as to the market condition with respect to the percentage of Class D units or RSUs, as applicable, set forth below:
 
Level
RMS Relative
Market Performance (2015 and 2016 Awards)
Market
Performance
Vesting
Percentage
Below Threshold Level
< -300 basis points
0
%
Threshold Level
-300 basis points
25
%
Target Level
100 basis points
50
%
High Level
> 500 basis points
100
%
Summary of Incentive Award Plan's Stock Option
The following table summarizes the Amended and Restated 2004 Incentive Award Plan’s stock option activity for the six-month period ended June 30, 2016:
 
Period Ended June 30, 2016
 
Shares

Weighted
average exercise
price
Options outstanding, beginning of period
51,622


$
41.04

Exercised
(30,945
)

40.58

Options outstanding, end of period
20,677


$
41.73

Exercisable, end of period
20,677


$
41.73

Summary of Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable as of June 30, 2016:
Options outstanding and exercisable
Exercise price
Number
outstanding

Weighted-average
remaining
contractual  life
(years)

Weighted-average
exercise price

Aggregate
intrinsic value
$41.73
20,677

 
0.84
 
$
41.73

 
$
1,390,735

Summary of Restricted Stock Activity
Below is a summary of our restricted stock activity for the six months ended June 30, 2016.
Unvested Restricted Stock
Shares

Weighted-Average
Grant Date Fair
Value
Unvested, beginning of period
271,339


$
61.37

Granted
136,566


80.96

Vested
(101,181
)

61.07

Cancelled or expired
(22,325
)

65.93

Unvested, end of period
284,399


$
70.54