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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity incentive plans  
Summary of stock option activity

 

        The following table summarizes stock option activity for the years ended December 31, 2016, 2015 and 2014 (shares and intrinsic values in thousands):

                                                                                                                                                                                    

 

 

Number of
shares

 

Weighted-
average exercise
price

 

Weighted-
average
remaining
contractual
term

 

Aggregate
intrinsic
value

 

Outstanding at December 31, 2013

 

 

1,730

 

$

11.20

 

 

9.3

 

$

2,208

 

Granted

 

 

140

 

$

11.56

 

 

9.7

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Outstanding at December 31, 2014

 

 

1,870

 

$

11.23

 

 

8.4

 

$

4,721

 

Granted

 

 

215

 

$

13.61

 

 

6.2

 

 

 

Exercised

 

 

(15

)

 

10.60

 

 

 

 

 

Forfeited or expired

 

 

(27

)

 

10.60

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Outstanding at December 31, 2015

 

 

2,043

 

$

11.49

 

 

7.6

 

$

6,740

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Granted

 

 

890

 

$

11.97

 

 

6.2

 

 

 

Exercised

 

 

(13

)

 

10.60

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Outstanding at December 31, 2016

 

 

2,920

 

$

11.64

 

 

7.6

 

$

1,274

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Vested at December 31, 2016

 

 

1,533

 

$

11.55

 

 

6.5

 

$

974

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable at December 31, 2016

 

 

1,533

 

$

11.55

 

 

6.5

 

$

974

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of restricted share activity

 

        The following table summarizes restricted share activity for the years ended December 31, 2016, 2015 and 2014 (shares in thousands):

                                                                                                                                                                                    

 

 

Number of
shares

 

Weighted-average
grant date fair value

 

Outstanding at December 31, 2013

 

 

945

 

$

10.18

 

Granted

 

 

79

 

 

11.34

 

Vested

 

 

(305

)

 

11.33

 

Forfeited

 

 

 

 

 

​  

​  

​  

​  

Outstanding at December 31, 2014

 

 

719

 

$

9.82

 

Granted

 

 

99

 

$

12.42

 

Vested

 

 

(324

)

 

10.65

 

Forfeited

 

 

 

 

 

​  

​  

​  

​  

Outstanding at December 31, 2015

 

 

494

 

$

9.79

 

Granted

 

 

395

 

 

11.82

 

Vested

 

 

(328

)

 

10.88

 

Forfeited

 

 

 

 

 

​  

​  

​  

​  

Outstanding at December 31, 2016

 

 

561

 

$

10.58

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Time Based Stock Option | Black Scholes Pricing Model  
Equity incentive plans  
Schedule of valuation assumptions

 

                                                                                                                                                                                    

Black-Scholes Option Valuation Assumptions

 

2016

 

2015

 

2014

Risk-free interest rate

 

1.60% - 2.44%

 

1.76% - 2.12%

 

1.76% - 1.92%

Dividend yield

 

 

 

Volatility

 

26.4% - 32.4%

 

25.8% - 29.5%

 

28.4% - 30.9%

Weighted-average expected term (years)

 

6.2 

 

6.3 

 

6.0 - 6.3