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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense Relating to RSUs and Summary of Changes in Incentive Units
Compensation expense relating to RSUs, which is primarily recorded in Employee compensation and benefits, and the corresponding income tax benefit, which is recorded in Income tax (benefit) expense on the Consolidated Statements of Operations are presented in the following table (in thousands):
 
For the three months 
 ended September 30,
 
For the nine months 
 ended September 30,
 
2016
 
2015
 
2016
 
2015
Stock award compensation expense (1)
$
(232
)
 
$
17,906

 
$
24,124

 
$
72,202

Income tax benefit
(88
)
 
6,804

 
9,167

 
27,437


(1)  
Included in the nine months ended September 30, 2015 is $28.8 million of accelerated stock compensation expense related to the Outstanding Annual RSUs as a result of implementing the Continued Vesting Amendment.
The following is a summary of the changes in the incentive units for the nine months ended September 30, 2016 (units in thousands):
 
Vested
Incentive units at December 31, 2015
30

Issued
—

Vested
(10
)
Exercised
(3
)
Canceled
—

Incentive units at September 30, 2016
17
Summary of Restricted Awards Activity
The following table summarizes restricted awards activity for the nine months ended September 30, 2016 (awards in thousands):
 
 
Restricted Stock Units
 
 
Number of
Units
 
Weighted-
Average
Grant date
Fair Value
Outstanding at December 31, 2015
 
6,737

 
$
11.29

Granted
 
3,179

 
10.71

Vested
 
(4,027
)
 
10.98

Forfeited
 
(206
)
 
11.47

Outstanding at September 30, 2016
 
5,683

 
$
11.18
Compensation Expense Relating to Stock Options and SARs
Compensation expense relating to stock options and SARs, all of which was recorded in Employee compensation and benefits, as well as the corresponding income tax benefit, which is recorded in Income tax (benefit) expense on the Consolidated Statements of Operations are as follows (in thousands):
 
For the three months 
 ended September 30,
 
For the nine months 
 ended September 30,
 
2016
 
2015
 
2016
 
2015
Stock option and SAR compensation expense
$
190

 
$
915

 
$
538

 
$
2,856

Income tax benefit
72

 
348

 
204

 
1,085
Summary of Stock Option, SAR Activity and Stock Options Exercisable
The following table summarizes stock option and SAR activity and stock options exercisable for the nine months ended September 30, 2016 (awards in thousands):
 
 
Number of Stock Awards
 
Weighted-
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
 
Weighted-
Average
Remaining
Life (years)
Outstanding at December 31, 2015 (1)
 
4,371

 
$
17.36

 
 
 
 
Granted
 
2,059

 
23.35

 
 
 
 
Exercised
 
(2
)
 
8.24

 
 
 
 
Forfeited or expired
 
(61
)
 
48.38

 
 
 
 
Outstanding at September 30, 2016 (1)
 
6,367

 
$
18.96

 
$
11,818

 
2.58
Exercisable at September 30, 2016
 
4,308

 
$
16.92

 
$
11,818

 
1.66
Available for future grants at September 30, 2016 (2)
 
13,073

 
 
 
 
 
 

(1)
Includes 1.7 million SARs.
(2)
Represents shares available for grant of options, SARs, RSUs and other awards under the Amended 2015 Plan.
Schedule of Compensation Expense (Benefit)
Compensation expense (benefit) related to the Incentive units which are recorded within Employee compensation and benefits on the Consolidated Statements of Operations are as follows (in thousands):
 
For the three months 
 ended September 30,
 
For the nine months 
 ended September 30,
 
2016
 
2015
 
2016
 
2015
Incentive units
$
253


$
(295
)
 
$
499


$
(109
)