XML 62 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2015
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

Issued
504,647

 

$9.07

Vested and restriction lapsed
(249,356
)
 

$9.77

Forfeited
(33,938
)
 

$8.15

Awards outstanding - December 31, 2016
859,251

 

$11.73

Issued
360,741

 

$11.91

Vested and restriction lapsed
(204,198
)
 

$11.05

Forfeited
(127,403
)
 

$10.04

Awards outstanding - December 31, 2017
888,391

 

$12.12
Summary about the Company's Common Stock performance 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, 2015
—

 
$
—

Issued
59,623

 
$
9.40

Vested and restriction lapsed
—

 
$
—

Forfeited
—

 
$
—

Awards outstanding - December 31, 2015
59,623

 
$
9.40

Issued
175,217

 
$
9.06

Vested and restriction lapsed
—

 
$
—

Forfeited
—

 
$
—

Awards outstanding - December 31, 2016
234,840

 
$
9.15

Issued
270,765

 
$
11.79

Vested and restriction lapsed
(87,622
)
 
$
11.75

Forfeited
(62,865
)
 
$
9.48

Awards outstanding - December 31, 2017
355,118

 
$
10.46
Summary about the stock appreciate rights granted, forfeited, vested and exercisable
The following table summarizes information about SARs granted, forfeited, vested and exercisable:
 
Number of
SAR’s
 
Weighted  Average
Exercise
Price
 
Weighted
Average
Contractual
Term
SAR's outstanding - January 1, 2015
1,809,302

 

$10.63

 
 
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
Granted
176,824

 

$8.80

 
 
Exercised
(8,003
)
 

$8.57

 

Forfeited
(56,932
)
 

$10.75

 
 
SAR's outstanding - December 31, 2016
2,508,015

 

$10.22

 
6.7 years
Granted
—

 


 
 
Exercised
(700,765
)
 

$10.36

 
 
Forfeited
(105,981
)
 

$9.66

 
 
SAR's outstanding - December 31, 2017
1,701,269

 

$10.20

 
5.7 years
SAR's exercisable - December 31, 2017
1,247,161

 

$10.34

 
5.7 years
SAR's expected to vest - December 31, 2017
863,626

 

$10.40

 
5.7 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:
 
2017
 
2016
 
2015
The weighted average fair value of stock appreciation rights issued (per unit)
$2.79 - $3.74
 
$2.79 - $3.74
 
$3.33 - $3.90
Dividend yield
—%
 
—%
 
—%
Weighted average risk-free interest rate
1.1% - 1.4%
 
1.1% - 1.4%
 
1.4% - 1.6%
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
At the end of December 31, 2014 and 2015, there were 87,026 options outstanding at $23.75/share. Such options were forfeited during 2016.