XML 63 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense
Stock-based compensation expense was as follows:

For the periods ended December 31,
2015
2014
2013
Founders
$
5.2

$
5.4

$
5.3

2013 Grants
1.2

1.2

0.9

2014 Grants
3.0

3.7


2015 Grants
5.0



Total
$
14.4

$
10.3

$
6.2

Schedule of Restricted Stock Awards Activity
The following table summarizes the unvested restricted stock activity and the weighted average fair value of these shares at the date of grant for the year ended December 31, 2015:
For the year ended December 31,
2015
 
Shares
Weighted
Average
Grant Date
Fair Value
Non-vested at January 1
1,739,642

$
20.20

Granted
571,224

23.80

Vested
(458,606
)
20.90

Forfeited
(266,779
)
21.80

Non-vested at December 31
1,585,481

$
20.99

Schedule of Unvested Stock Options
The following table summarizes the stock option activity for the year ended December 31, 2015:
For the year ended December 31,
2015
 
Options
Weighted
Average
Exercise
Price
Outstanding at January 1
166,872

$
23.58

Granted
223,186

28.44

Exercised
(2,525
)
23.58

Forfeited or expired
(53,554
)
25.98

Outstanding at December 31
333,979

26.44

Exercisable at December 31
78,806

25.75

Vested and expected to vest
78,806

$
25.75

Schedule of Option Valuation Assumptions
The following table summarizes the stock option assumptions for the years ended December 31, 2015, 2014, and 2013:

 
Options Outstanding
 
Options Exercisable
 
Assumption Range
Exercise Prices
Number
of
Shares
Weighted
Average
Remaining
Contractual
Terms
(Years)
 
Number
of
Shares
Weighted
Average
Remaining
Contractual
Terms
(Years)
 
Risk-Free
Interest Rate
Expected Annual Dividend Yield
Expected
Terms
in Years
Expected
Volatility
2013
 
 
 
 
 
 
 
 
 
 
$23.58
168,963

9.3
 
0.0
 
0.92%
3.4%
6.0
35%
2014
 
 
 
 
 
 
 
 
 
 
$23.58
166,872

8.3
 
13,915
8.3
 
0.92%
3.4%
6.0
35%
2015
 
 
 
 
 
 
 
 
 
 
$23.58
142,556

7.3
 
43,460
7.3
 
0.92%
3.4%
6.0
35%
$28.42
178,704

9.1
 
35,346
9.1
 
1.6% - 1.75%
4.4%
5.5-6.5
32.5% - 37.5%
$30.74
12,719

9.6
 
0.0
 
1.6% - 1.75%
4.4%
5.5-6.5
32.5% - 37.5%