Equity Compensation Plan (Tables)

9 Months Ended

Sep. 30, 2014

Number of Unvested Shares of Restricted Stock and Weighted Average Fair Value of Shares at Date of Grant

The following table sets forth the number of unvested shares of restricted stock and the weighted average fair value of these shares at the date of grant:

	Nine Months Ended
	September 30, 2014					September 30, 2013
	Shares of Restricted Stock			Weighted Average Fair Value of Date of Grant		Shares of Restricted Stock		Weighted Average Fair Value of Date of Grant
Unvested balance at January 1		256,092		$	29.83		—	$	—
Granted		172,915		$	26.55		182,092	$	33.10
Vested (1)		(40,055	)	$	23.08		—	$	—
Forfeited		(26,724	)	$	30.53		—	$	—
Unvested balance at September 30		362,228		$	28.96		182,092	$	33.10

(1) Includes 7,944 shares which were used to settle minimum employee withholding tax obligations for one employee of approximately $0.2 million in 2014. A net of 32,111 shares of common stock were delivered in the nine months ended September 30, 2014.

Time Based Option Awards Activity

The following table represents the time- and performance-based option awards activity for the nine months ended September 30, 2014 and 2013:

	Nine Months Ended
	September 30, 2014			September 30, 2013
Outstanding at January 1		5,870,138			1,956,713
Exercised		(174,467	)		—
Awards vested at IPO		—			3,913,425
Outstanding at September 30		5,695,671			5,870,138
Options exercisable at end of period		5,695,671			—
Weighted average fair value of options granted	$	2.20		$	2.20

Time Based Option Awards Outstanding

The following table represents the time- and performance-based option awards outstanding cumulatively life-to-date for the nine months ended September 30, 2014 and 2013 as well as other MIP data:

	2014	2013
Range of exercise prices	$16.56-$18.87	$16.56 - $18.87
Outstanding	5,695,671	5,870,138
Remaining contractual life (years)	6.52	7.55
Weighted average exercise price	$17.44	$17.47