Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Cash Dividends Declared on Common Stock

For the years ended December 31, 2015 and 2014, our Board of Directors has declared cash dividends on our common stock as summarized in the following table.

Date Declared	Record Date	Payable Date	Dividends per Share
October 20, 2015	November 2, 2015	November 27, 2015	$	0.20
June 16, 2015	July 31, 2015	August 28, 2015	$	0.20

Compensation Expense Related to Awards

The following table presents compensation expense related to these awards for the periods indicated:

	Year Ended December 31,
	2015		2014			2013
Stock options	$	7	$	(44	)	$	484
Restricted shares		381		296			146
RSUs		6,627		8,897			7,589

Unrecognized Compensation Related to Awards

The following table presents the unrecognized compensation related to unvested restricted shares of common stock and RSUs and the weighted average vesting period in which the expense will be recognized:

	As of  December 31, 2015
	Restricted Shares		RSUs		Performance Condition RSUs (1)
Unrecognized compensation	$	244	$	2,244	$	431
Unvested awards		22,191		1,060,492		375,000
Weighted average vesting period	0.53 years		0.29 years		0.25 years

(1) The unvested performance condition RSUs and unrecognized compensation amounts specified are based on the Company’s assessment of the rate at which the performance conditions will be met and the related percentage of awards that will vest. The total unvested awards that include a performance condition and related unrecognized compensation and weighted average vesting period are 882,663, $12,525 and 1.0 year, respectively. This total compensation would only be recognized if all of the applicable awards with performance conditions vested at a 100% rate.

Summary of Option Activity under the FBR & Co. Long Term Incentive Plan

A summary of option activity under the FBR & Co. Long Term Incentive Plan as of December 31, 2015, and changes during the years ended December 31, 2015, 2014 and 2013 are presented below:

	Number of Shares			Weighted-average Exercise Prices		Weighted-average Remaining Contractual Life
Share Balance as of December 31, 2012		1,288,027		$	21.72		2.12
Granted		—			—
Forfeitures/Expirations		(102,802	)		24.14
Option Exercised		(118,422	)		20.34
Share Balance as of December 31, 2013		1,066,803		$	21.63		0.13
Granted		—			—
Forfeitures/Expirations		(13,334	)		22.44
Option Exercised		(63,368	)		16.87
Share Balance as of December 31, 2014		990,101		$	21.92		0.08
Granted		—			—
Forfeitures/Expirations		(80,651	)		26.79
Option Exercised		(448,657	)		21.49
Share Balance as of December 31, 2015		460,793		$	21.49		1.99
Options Exercisable as of December 31, 2015		460,793		$	21.49		1.99

Summary of Unvested Restricted Stock Awards

A summary of unvested restricted stock awards as of December 31, 2015, and changes during the years ended December 31, 2015, 2014 and 2013 are presented below:

	Number of Shares			Weighted-average Grant-date Fair Value		Weighted-average Remaining Vested Period
Share Balance as of December 31, 2012		6,252		$	25.04		0.15
Granted		10,421			24.23		0.43
Vestings		(6,252	)		26.13
Forfeitures		—			—
Share Balance as of December 31, 2013		10,421		$	24.23		0.43
Granted		12,218			26.19		0.42
Vestings		(10,421	)		24.23
Forfeitures		—			—
Share Balance as of December 31, 2014		12,218		$	26.19		0.42
Granted		22,191			22.02		0.53
Vestings		(12,218	)		26.19
Forfeitures		—			—
Share Balance as of December 31, 2015		22,191			22.02		0.53

Summary of Unvested Restricted Stock Units

A summary of unvested restricted stock units as of December 31, 2015, and changes during the years ended December 31, 2015, 2014 and 2013 are presented below:

	Number of Shares			Weighted-average Grant-date Fair Value		Weighted-average Remaining Vested Period
Share Balance as of December 31, 2012		1,667,411		$	15.72		2.10
Granted		827,562			18.94
Vestings		(501,307	)		22.11
Forfeitures		(90,332	)		14.58
Share Balance as of December 31, 2013		1,903,334		$	15.69		1.88
Granted		374,939			24.71
Vestings		(162,993	)		18.81
Forfeitures		(126,368	)		16.82
Share Balance as of December 31, 2014		1,988,912		$	17.06		1.17
Granted		372,547			23.44
Vestings		(328,415	)		17.29
Forfeitures		(89,889	)		19.03
Share Balance as of December 31, 2015		1,943,155		$	18.06		0.62

Restricted Stock [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Restricted Stock and Restricted Stock Unit Awards Held in the Irrevocable Trust

A summary of restricted stock irrevocable trust awards as of December 31, 2015, and changes during the years ended December 31, 2015, 2014 and 2013 are presented below:

	Number of Shares			Weighted-average Grant-date Fair Value		Weighted-average Remaining Vested Period
Share Balance as of December 31, 2012		5,901		$	19.60		0.64
Granted		—			—
Vestings		(4,399	)		16.15
Share Balance as of December 31, 2013		1,502		$	13.51		0.46
Granted		—			—
Vestings		(1,225	)		14.40
Share Balance as of December 31, 2014		277		$	9.56		1.10
Granted		—			—
Vestings		—			—
Share Balance as of December 31, 2015		277		$	9.56		0.11

RSUs [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Restricted Stock and Restricted Stock Unit Awards Held in the Irrevocable Trust

A summary of restricted stock unit awards held in the irrevocable trust as of December 31, 2015, and changes during the years ended December 31, 2015, 2014 and 2013 are presented below:

	Number of Shares			Weighted-average Grant-date Fair Value		Weighted-average Remaining Vested Period
Share Balance as of December 31, 2012		185,340		$	18.68		1.48
Granted		127,977			16.40
Vestings		(77,953	)		19.45
Share Balance as of December 31, 2013		235,364		$	18.09		1.92
Granted		294,843			24.82
Vestings		(34,737	)		15.43
Share Balance as of December 31, 2014		495,470		$	20.79		1.68
Granted		26,549			23.73
Vestings		(5,470	)		9.56
Share Balance as of December 31, 2015		516,549		$	21.10		0.79