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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock-based Compensation  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Remaining

    

Aggregate

 

 

 

 

 

Exercise

 

Contractual Term

 

Intrinsic Value

 

 

 

Shares

 

Price

 

(in years)

 

(in thousands)(1)

 

Balance at December 31, 2012

 

3,358,408

 

$

20.39

 

7.49

 

$

4,813

 

Granted

 

 

 

 

 

 

 

Exercised

 

(500)

 

$

20.00

 

6.54

 

$

5

 

Forfeited/canceled

 

(250)

 

$

20.00

 

 

$

3

 

Balance at December 31, 2013

 

3,357,658

 

$

20.39

 

6.49

 

$

35,883

 

Granted

 

 

 

 

 

 

 

Exercised

 

(45,500)

 

$

20.00

 

 

$

814

 

Forfeited/canceled

 

 

 

 

 

 

 

Balance at December 31, 2014

 

3,312,158

 

$

20.40

 

5.49

 

$

46,077

 

Granted

 

 

 

 

 

 

 

Exercised

 

(3,000)

 

$

20.00

 

 

$

49

 

Forfeited/canceled

 

 

 

 

 

 

 

Balance at December 31, 2015

 

3,309,158

 

$

20.40

 

4.50

 

$

43,287

 

Vested and exercisable as of December 31, 2015

 

3,309,158

 

$

20.40

 

4.50

 

$

43,287

 


(1)

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price of our Class A common stock as of the respective date.

Summary of additional information regarding exercisable and vested stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Exercisable

 

 

 

Options Outstanding

 

and Vested

 

 

    

 

    

Weighted-

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Number of

 

Remaining Life

 

Number of

 

Remaining Life

 

Range of exercise prices

 

Shares

 

(in years)

 

Shares

 

(in years)

 

$20.00

 

3,159,158

 

4.46

 

3,159,158

    

4.46

 

$28.80

 

150,000

 

5.32

 

150,000

 

5.32

 

$20.00 - $28.80

 

3,309,158

 

4.50

 

3,309,158

 

4.50

 

 

Summary of activities for unvested RSUs

 

 

 

 

 

 

 

 

 

Unvested Restricted Stock Units

 

 

 

 

 

Weighted- 

 

 

 

 

 

Average  

 

 

 

 

 

Grant-Date

 

 

 

Number of Shares

 

Fair Value

 

Unvested at December 31, 2014

    

969,225

    

$

33.51

 

Granted

 

427,194

 

$

44.95

 

Vested

 

(315,315)

 

$

27.98

 

Forfeited/canceled

 

(88,012)

 

$

25.58

 

Unvested at December 31, 2015

 

993,092

 

$

41.62

 

Expected to vest after December 31, 2015(1)

 

980,707

 

$ 

41.62

 


(1)

RSUs expected to vest reflect an estimated forfeiture rate.