XML 36 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholder's Equity (Tables)
6 Months Ended
Jun. 30, 2013
Equity Incentive Plans  
Summary of stock option activity

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

average

 

Aggregate

 

 

 

Number

 

average

 

contractual

 

intrinsic

 

 

 

of shares

 

exercise price

 

term

 

value

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2013:

 

 

$

 

 

$

 

Granted

 

1,575,000

 

11.19

 

10.0

 

4,375,000

 

Exercised

 

 

 

 

 

Forfeited

 

 

 

 

 

Expired

 

 

 

 

 

Outstanding at June 30, 2013:

 

1,575,000

 

$

11.19

 

10.0

 

$

4,375,000

 

Vested at June 30, 2013

 

275,000

 

$

10.20

 

10.0

 

$

962,500

 

Exercisable at June 30, 2013

 

275,000

 

$

10.20

 

10.0

 

$

962,500

 

Summary of restricted share activity

 

 

 

 

Weighted-

 

 

 

 

 

 

 

average

 

Aggregate

 

 

 

Number

 

grant date

 

intrinsic

 

 

 

of shares

 

fair value

 

value

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2013:

 

 

$

 

$

 

Granted

 

1,135,002

 

9.53

 

4,814,250

 

Vested

 

(250,000

)

8.12

 

(1,395,000

)

Forfeited

 

 

 

 

Outstanding at June 30, 2013:

 

885,002

 

$

9.92

 

$

3,419,250

 

Time-based option | Black-Scholes pricing model
 
Equity Incentive Plans  
Schedule of valuation assumptions

 

 

Six Months

 

 

 

 

 

Ended June 30,

 

 

 

Black-Scholes Option Valuation Assumptions

 

2013

 

2012

 

 

 

 

 

 

 

Risk-free interest rates

 

0.93% - 1.02%

 

 

Dividend yield

 

 

 

Volatility

 

32.5%

 

 

Weighted-average expected term (years)

 

6

 

 

Event-based option | Monte Carlo simulation model
 
Equity Incentive Plans  
Schedule of valuation assumptions

 

 

Six Months

 

 

 

 

 

Ended June 30,

 

 

 

Monte Carlo Option Valuation Assumptions

 

2013

 

2012

 

 

 

 

 

 

 

Risk-free interest rate

 

1.78%

 

 

Dividend yield

 

 

 

Volatility

 

32.5%

 

 

Weighted-average expected term (years)

 

5.3 - 6

 

 

Event-based restricted stock | Monte Carlo simulation model
 
Equity Incentive Plans  
Schedule of valuation assumptions

 

 

Six Months

 

 

 

 

 

Ended June 30,

 

 

 

Monte Carlo Restricted Stock Valuation Assumptions

 

2013

 

2012

 

 

 

 

 

 

 

Risk-free interest rate

 

1.78%

 

 

Dividend yield

 

 

 

Volatility

 

32.5%

 

 

Weighted-average expected term (years)

 

0.8 - 1.4