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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Based Compensation Expense

Our stock based compensation expense is as follows for the years ended December 31, 2017, 2016, and 2015 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Restricted stock units

 

$

5,301

 

 

$

4,006

 

 

$

2,408

 

Performance units

 

 

3,622

 

 

 

1,922

 

 

 

1,297

 

Restricted stock issued to directors

 

 

378

 

 

 

556

 

 

 

827

 

Incentive units

 

 

 

 

 

(268

)

 

 

103

 

Total expense

 

$

9,301

 

 

$

6,216

 

 

$

4,635

 

 

Summary of Restricted Stock Unit Awards Activity

A summary of restricted stock unit awards activity during the year ended December 31, 2017 is as follows:

 

 

 

Number of

shares

 

 

Weighted

average grant

date fair value

 

 

Aggregate

intrinsic

value (in

thousands)

 

Total awarded and unvested, December 31, 2016

 

 

4,343,582

 

 

$

2.14

 

 

$

11,597

 

Granted

 

 

2,692,797

 

 

 

2.12

 

 

 

 

 

Vested

 

 

(2,914,881

)

 

 

1.65

 

 

 

 

 

Forfeited

 

 

(64,144

)

 

 

2.46

 

 

 

 

 

Total awarded and unvested, December 31, 2017

 

 

4,057,354

 

 

$

2.48

 

 

$

9,738

 

 

Summary of Performance Stock Unit Awards Activity

A summary of performance stock unit awards activity during the year ended December 31, 2017 is as follows:

 

 

 

Number of

shares

 

 

Weighted

average grant

date fair value

 

 

Aggregate

intrinsic

value (in

thousands)

 

Total awarded and unvested, December 31, 2016

 

 

1,928,002

 

 

$

3.31

 

 

$

5,148

 

Granted

 

 

2,564,523

 

 

 

1.94

 

 

 

 

 

Vested

 

 

(448,018

)

 

 

8.77

 

 

 

 

 

Forfeited

 

 

(78,130

)

 

 

2.75

 

 

 

 

 

Total awarded and unvested, December 31, 2017

 

 

3,966,377

 

 

$

1.82

 

 

$

11,257

 

 

Assumptions Used to Determine Fair Value of Performance Stock Units Granted

The following table presents the assumptions used to determine the fair value for performance stock units granted during the years ended December 31, 2017, 2016, and 2015:

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Volatility

 

 

50.41

%

 

 

49.84

%

 

 

44.25

%

Risk-free interest rate

 

 

1.34

%

 

 

0.96

%

 

 

0.94

%