XML 52 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Incentive Plan (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2016.
Unvested Long-term Incentive Units
Units

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


$
62.92

Granted
28,227


86.82

Vested
(158,844
)

63.73

Cancelled or expired
(4,517
)

58.11

Unvested, end of period
141,535


$
66.80

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 nine-month period ended September 30, 2016:
 
Period Ended September 30, 2016
 
Shares

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


$
41.04

Exercised
(33,948
)

40.68

Options outstanding, end of period
17,674


$
41.73

Exercisable, end of period
17,674


$
41.73

Summary of Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable as of September 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
17,674

 
0.59
 
$
41.73

 
$
978,963

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

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


$
61.37

Granted
150,480


82.88

Vested
(114,834
)

61.46

Cancelled or expired
(31,997
)

66.65

Unvested, end of period
274,988


$
72.61