XML 61 R34.htm IDEA: XBRL DOCUMENT v3.3.0.814
Stock Compensation (Tables)
 9 Months Ended
Sep. 30, 2015
Stock-based Compensation  
Summary of the components of stock-based compensation expense in the condensed consolidated statements of operations

 

The following table summarizes the components of stock-based compensation expense in the condensed consolidated statements of operations for the two months ended September 30, 2015:

(in thousands)

 

 

 

Research and development expenses

 

$
25 

 

Selling, general, and administrative expenses

 
648 

 

 

 

 

 

Total

 

$
673 

 

 

 

 

 

 

 

Summary of the status of time-based stock options

 

 

Number of
Shares

 

Weighted-Average
Exercise Price

 

Weighted-
Average
Remaining
Contractual
Term (years)

 

Aggregate
Intrinsic 

Value
(In

thousands)

 

Outstanding at August 1, 2015

 

—

 

$

—

 

 

 

 

 

Granted

 
1,106,875 

 
12.00 

 

 

 

 

 

Exercised

 

—

 

—

 

 

 

 

 

Forfeited or expired

 

—

 

—

 

 

 

 

 

Outstanding at September 30, 2015

 
1,106,875 

 

$
12.00 

 
9.93 

 

$

—

 

Exercisable at September 30, 2015

 

—

 

—

 

—

 

$

—

 

Vested and expected to vest at September 30, 2015

 
1,106,875 

 

$
12.00 

 
9.93 

 

$

—

 

 

Schedule of fair value assumptions

Risk-free interest rate

 

1.67%-1.70%

 

Expected life (years)

 

5.73-5.97

 

Estimated volatility factor

 

47.68%-47.95%

 

Expected dividends

 

None

 

 

Director Shares  
Stock-based Compensation  
Schedule of fair value assumptions

Risk-free interest rate

 
1.96 

%

Expected life (years)

 
6.47 

 

Estimated volatility factor

 
31.16 

%

Expected dividends

 

None

 

 

Time-Based Stock Appreciation Rights  
Stock-based Compensation  
Summary of the time-based SARs

 

 

Number of
Shares

 

Weighted-Average
Exercise Price

 

Weighted-Average
Remaining
Contractual
Term (years)

 

Aggregate
Intrinsic Value
(In thousands)

 

Outstanding at August 1, 2015

 

—

 

—

 

 

 

 

 

Granted

 
116,875 

 

$
12.00 

 

 

 

 

 

Exercised

 

—

 

—

 

 

 

 

 

Forfeited or expired

 

—

 

—

 

 

 

 

 

Outstanding at September 30, 2015

 
116,875 

 

$
12.00 

 
9.93 

 

$

—

 

Exercisable at September 30, 2015

 

—

 

—

 

—

 

$

—

 

Vested and expected to vest at September 30, 2015

 
116,875 

 

$
12.00 

 
9.93 

 

$

—

 

 

Schedule of fair value assumptions

 

At reporting date, September 30, 2015:

 

Risk-free interest rate

 
2.04 

%

Expected life (years)

 
6.46 

 

Estimated volatility factor

 
41.82 

%

Expected dividends

 

None