XML 72 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary about the Company's Common Stock restricted stock units granted, vested, exercised and forfeited
The following table summarizes information about the Company’s Common Stock RSU’s granted, vested, exercised and forfeited:
 
Number of
Awards
 
Weighted
Average Issue
Price
Awards outstanding - January 1, 2013
505,616

 

$17.14

Issued
204,183

 

$11.96

Vested and restriction lapsed
(192,190
)
 

$15.72

Forfeited
(16,681
)
 

$9.98

Awards outstanding - December 31, 2013
500,928

 

$15.81

Issued
257,030

 

$10.97

Vested and restriction lapsed
(124,906
)
 

$10.42

Forfeited
(16,658
)
 

$10.95

Awards outstanding - December 31, 2014
616,394

 

$15.00

Issued
339,280

 

$9.34

Vested and restriction lapsed
(295,089
)
 

$9.36

Forfeited
(22,687
)
 

$10.56

Awards outstanding - December 31, 2015
637,898

 

$12.87
Summary about the stock appreciate rights granted, forfeited, vested and exercisable
The following table summarizes information about SAR’s granted, forfeited, vested and exercisable:
 
Number of
SAR’s
 
Weighted  Average
Exercise
Price
 
Weighted
Average
Contractual
Term
SAR's outstanding - January 1, 2013
1,053,845

 

$9.47

 
 
Granted
335,057

 

$12.85

 
 
Exercised
(5,106
)
 

$8.92

 
 
Forfeited
(10,727
)
 

$10.85

 
 
SAR's outstanding - December 31, 2013
1,373,069

 

$10.28

 
8.6 years
Granted
449,225

 

$11.73

 
 
Exercised
(435
)
 

$7.37

 

Forfeited
(12,557
)
 

$11.57

 
 
SAR's outstanding - December 31, 2014
1,809,302

 

$10.63

 
8.1 years
Granted
655,855

 

$9.47

 
 
Exercised
(14,470
)
 

$9.21

 
 
Forfeited
(54,561
)
 

$10.30

 
 
SAR's outstanding - December 31, 2015
2,396,126

 

$10.33

 
7.6 years
SAR's exercisable - December 31, 2015
758,952

 

$13.69

 
7.6 years
SAR's expected to vest - December 31, 2015
1,479,586

 

$10.40

 
7.6 years
Assumptions for Black-Scholes options pricing model/Estimated fair value of SAR grant using Black-Scholes options pricing model
The fair value of each SAR grant is estimated using the Black-Scholes option-pricing model as set forth in the table below:
 
2015
 
2014
 
2013
The weighted average fair value of stock appreciation rights issued (per unit)
$3.33 - $3.90
 
$4.18 - $4.93
 
$2.54 - $6.51
Dividend yield
—%
 
—%
 
—%
Weighted average risk-free interest rate
1.4% - 1.6%
 
1.5% - 1.8%
 
0.7% - 1.8%
Weighted average expected volatility
40%
 
40%
 
40%
Expected life in years
6.25
 
6.25
 
6.25
Common Stock options granted, exercised, forfeited, vested and exercisable
The following table summarizes information about Common Stock options granted, exercised, forfeited, vested and exercisable:
 
Number
of Options
 
Weighted  Average
Exercise
Price
 
Weighted
Average
Contractual
Term
Options outstanding - January 1, 2013
87,026

 

$23.75

 
3.6 years
Granted
—

 

$—

 
 
Exercised
—

 

$—

 
 
Forfeited
—

 

$—

 
 
Options outstanding - December 31, 2013
87,026

 

$23.75

 
2.6 years
Granted
—

 

$—

 
 
Exercised
—

 

$—

 
 
Forfeited
—

 

$—

 
 
Options outstanding - December 31, 2014
87,026

 

$23.75

 
1.6 years
Granted
—

 

$—

 
 
Exercised
—

 

$—

 
 
Forfeited
—

 

$—

 
 
Options outstanding - December 31, 2015
87,026

 

$23.75

 
0.6 years
Options exercisable - December 31, 2015
87,026

 

$23.75

 
0.6 years