XML 42 R29.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation and Other Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2016
Share-based Compensation [Abstract]  
Schedule of Activity, Restricted Shares
Activity, restricted shares: (a)
Restricted
Shares
 
Per Share Weighted Average Grant Date Fair Value
Non-vested restricted shares, as of December 31, 2015
1,630,232

 
$
22.94

Granted
421,037

 
12.81

Vested
(14,937
)
 
13.26

Canceled/forfeited
(35,250
)
 
24.57

Non-vested restricted shares, as of March 31, 2016
2,001,082

 
$
20.85


(a)
Includes 48,250 and 32,250 restricted stock units as of March 31, 2016 and December 31, 2015, respectively.
Schedule of Activity, Stock Options
Activity, stock options:
Stock 
Options
 
Per Share Weighted Average 
Exercise Price
 
Weighted Average
Remaining
Contractual Life (in years)
 
Aggregate Intrinsic
Value (a)
(in millions)
Options outstanding and exercisable as of December 31, 2015
202,700

 
$
13.06

 
0.55
 
$
0.9

Exercised
(102,700
)
 
13.19

 
 
 
 
Options outstanding and exercisable as of March 31, 2016
100,000

 
$
12.93

 
0.34
 
$
0.7

(a)
Amount represents the difference between the exercise price and the closing share price of the Company’s stock on the last trading day of the corresponding period, multiplied by the number of in-the-money options.
Schedule of Activity, Employee Stock Purchase Plans
The following table provides details pertaining to the Company’s ESPPs for the periods indicated:
 
For the Three Months Ended March 31,
 
2016
 
2015
Cash proceeds (in millions)
$
0.6

 
$
0.9

Common shares issued
43,172

 
57,258

Weighted average price per share
$
14.77

 
$
16.41

Weighted average per share grant date fair value
$
4.03

 
$
4.43
Schedule of Non-Cash Stock-Based Compensation Expense and Related Tax Benefits
Details of non-cash stock-based compensation expense and related tax benefits for the periods indicated were as follows (in millions):
 
For the Three Months Ended March 31,
 
2016
 
2015
Non-cash stock-based compensation expense
$
3.5

 
$
3.6

Income Tax Effects:
 
 
 
Income tax benefit from non-cash stock-based compensation
$
1.6

 
$
1.4

Excess tax benefit from non-cash stock-based compensation (a)
$
0.2

 
$
—

(a)
Excess tax benefits, which represent cash flows from tax deductions in excess of the tax effect of compensation expense associated with exercised stock options and vested restricted shares, are classified as financing cash flows in the Company’s condensed unaudited consolidated statements of cash flows. There were no excess tax benefits for the three month period ended March 31, 2015.