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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Based Compensation Expense

Our stock-based compensation expense was as follows for the three and nine months ended September 30, 2016 and 2015 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Restricted stock units

 

$

1,012

 

 

$

608

 

 

$

3,254

 

 

$

1,779

 

Performance units

 

 

651

 

 

 

384

 

 

 

1,708

 

 

 

912

 

Restricted stock issued to directors

 

 

101

 

 

 

213

 

 

 

454

 

 

 

614

 

Incentive units

 

 

 

 

 

32

 

 

 

48

 

 

 

89

 

Total expense

 

$

1,764

 

 

$

1,237

 

 

$

5,464

 

 

$

3,394

 

 

Summary of Restricted Stock Unit Awards Activity

A summary of restricted stock unit awards activity during the nine months ended September 30, 2016 is as follows:

 

 

 

Number of

shares

 

 

Weighted

average grant

date fair value

 

 

Aggregate

intrinsic

value (in

thousands)

 

Total awarded and unvested, December 31, 2015

 

 

1,000,052

 

 

$

7.07

 

 

$

1,820

 

Granted

 

 

3,751,931

 

 

 

1.36

 

 

 

 

 

Vested

 

 

(340,879

)

 

 

7.13

 

 

 

 

 

Forfeited

 

 

(67,522

)

 

 

7.13

 

 

 

 

 

Total awarded and unvested, September 30, 2016

 

 

4,343,582

 

 

$

2.14

 

 

$

14,290

 

 

Summary of Performance Stock Unit Awards Activity

A summary of performance stock unit awards activity during the nine months ended September 30, 2016 is as follows

 

 

 

Number of

shares

 

 

Weighted

average grant

date fair value

 

 

Aggregate

intrinsic

value (in

thousands

 

Total awarded and unvested, December 31, 2015

 

 

458,656

 

 

$

8.77

 

 

$

417

 

Granted

 

 

1,469,346

 

 

 

1.60

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

Total awarded and unvested, September 30, 2016

 

 

1,928,002

 

 

$

3.31

 

 

$

6,343