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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
STOCK-BASED COMPENSATION  
Summary of assumptions used in the option-pricing models to assess the fair values of the options granted

   

 

 

2012
(2009 Plan)

 

2013
(2013 Plan)

 

2014
(2013 Plan)

Risk free interest rate

 

0.38%–1.20%

 

0.11%–1.07%

 

0.05%–1.33%

Expected option life (years)

 

2.5–5.5

 

0.67–4.00

 

0.42–3.75

Expected dividend yield

 

5.4%–6.28%

 

5.32%–5.66%

 

7.28%–7.39%

Volatility factor

 

51.44%–84.69%

 

36.36%–53.63%

 

35.88%–43.26%

Weighted-average grant date fair value (per share)

 

$
2.24 

 

$
10.53 

 

$
8.36 

   

Summary of common stock options, equity-based incentive awards and restricted stock units activity

 

                                                                                                                                                                                    

 

 

Restricted stock
units

 

Common Stock Options

 

Equity-based incentive
awards

 

 

 

Quantity

 

Quantity

 

Weighted
Average
Exercise
Price

 

Quantity

 

Weighted
Average
Exercise
Price

 

Outstanding as of December 31, 2013

 

 

534,463

 

 

2,405,068

 

 

19.20

 

 

1,571,319

 

 

14.00

 

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Granted

 

 

783,584

 

 

15,000

 

 

9.07

 

 

 

 

 

Exercised

 

 

(51,447

)

 

 

 

 

 

 

 

 

Forfeited

 

 

(485,310

)

 

(47,500

)

 

9.07

 

 

 

 

 

Expired

 

 

 

 

(962,706

)

 

21.54

 

 

(1,571,319

)

 

14.00

 

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Outstanding as of December 31, 2014

 

 

781,290

 

 

1,409,862

 

 

17.84

 

 

 

 

14.00

 

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Summary of information about nonvested common stock options, equity-based incentive awards and restricted stock units

 

                                                                                                                                                                                    

 

 

Restricted stock
units

 

Common stock
options

 

Equity-based
incentive
awards

 

 

 

Quantity

 

Weighted
Average
Grant-date
Fair
Value

 

Quantity

 

Weighted
Average
Grant-date
Fair
Value

 

Quantity

 

Weighted
Average
Grant-date
Fair
Value

 

Nonvested as of December 31, 2013

 

 

534,463

 

 

10.53

 

 

48,752

 

 

2.43

 

 

 

 

—  

 

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Granted

 

 

783,584

 

 

8.36

 

 

15,000

 

 

0.77

 

 

 

 

 

Vested

 

 

(51,447

)

 

11.26

 

 

(16,252

)

 

2.43

 

 

 

 

 

Forfeited

 

 

(485,310

)

 

10.10

 

 

(47,500

)

 

1.90

 

 

 

 

—  

 

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Nonvested as of December 31, 2014

 

 

781,290

 

 

8.62

 

 

 

 

 

 

 

 

—  

 

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​  

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​  

​  

​  

​  

​  

​  

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Summary of information about vested common stock options, equity-based incentive awards and restricted stock units

 

                                                                                                                                                                                    

 

 

Restricted stock
units

 

Common Stock Options

 

Equity-based incentive
awards

 

 

 

Quantity

 

            

 

Quantity

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

Quantity

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

December 31, 2014

 

 

 

 

 

 

 

1,409,862 

 

 

17.84 

 

 

4.7 

 

 

 

 

 

 

 

 

Summary of information about the intrinsic value of Company's common stock options, SAR and equity based incentive awards exercised

 

                                                                                                                                                                                    

 

 

2012

 

2013

 

2014

 

Total intrinsic value of options exercised

 

$

4,624 

 

$

122 

 

 

 

Total intrinsic value of equity-based incentive awards exercised

 

$

35 

 

$

242 

 

 

 

Total intrinsic value of restricted stock units

 

$

 

$

 

$

457