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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
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 March 31,
 
2017
 
2016
Stock award compensation expense
$
2,438

 
$
17,053

Income tax benefit
926

 
6,480

The following is a summary of the changes in the incentive units for the three months ended March 31, 2017 (units in thousands):
 
Vested
Incentive units at December 31, 2016
16

Issued
—

Vested
(1
)
Exercised
—

Canceled
—

Incentive units at March 31, 2017
15
Summary of Restricted Awards Activity
The following table summarizes restricted awards activity for the three months ended March 31, 2017 (awards in thousands):
 
 
Restricted Stock Units
 
 
Number of
Units
 
Weighted-
Average
Grant date
Fair Value
Outstanding at December 31, 2016
 
5,563

 
$
11.25

Granted
 
800

 
14.27

Vested
 
(2,634
)
 
11.19

Forfeited
 
(72
)
 
12.10

Outstanding at March 31, 2017
 
3,657

 
$
11.93
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) expense, which is recorded in Income tax expense on the Consolidated Statements of Operations are as follows (in thousands):
 
For the three months ended March 31,
 
2017
 
2016
Stock option and SAR compensation expense
$
122

 
$
134

Income tax benefit
46

 
51
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 three months ended March 31, 2017 (awards in thousands):
 
 
Number of Stock Awards
 
Weighted-
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
 
Weighted-
Average
Remaining
Life (years)
Outstanding at December 31, 2016 (1)
 
6,298

 
$
18.88

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Exercised
 
(337
)
 
8.24

 
 
 
 
Forfeited or expired
 
(94
)
 
53.56

 
 
 
 
Outstanding at March 31, 2017 (1)
 
5,867

 
$
19.03

 
$
14,269

 
2.23
Exercisable at March 31, 2017
 
4,492

 
$
17.75

 
$
14,269

 
1.69
Available for future grants at March 31, 2017 (2)
 
13,630

 
 
 
 
 
 

(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 March 31,
 
2017
 
2016
Incentive units
$
437


$
(77
)