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STOCK COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
STOCK COMPENSATION  
Summary of changes in unvested cash and stock-settled RSUs

 

 

 

Cash-Settled

 

Stock-Settled

 

 

 

RSUs
(000’s)

 

Weighted-Average
Grant Date Fair
Value

 

RSUs
(000’s)

 

Weighted-Average
Grant-Date Fair
Value

 

Unvested at December 31, 2013

 

 

$

 

 

$

 

Granted

 

4,562

 

$

7.37

 

6,663

 

$

7.84

 

Vested

 

 

$

 

 

$

 

Forfeited

 

(14

)

$

7.37

 

 

$

 

Unvested at December 31, 2014

 

4,548

 

$

7.37

 

6,663

 

$

7.84

 

 

Summary of stock option activity

 

 

 

 

Options
(000’s)

 

Weighted-
Average
Exercise Price

 

Weighted-
Average Grant-
Date Fair Value

 

Aggregate
Intrinsic Value

 

Beginning balance, December 31, 2013

 

 

$

 

$

 

$

 

Granted

 

8,481 

 

8.11 

 

1.98 

 

 

Exercised

 

 

 

 

 

Forfeited

 

 

 

 

 

Expired or Canceled

 

 

 

 

 

Ending balance, December 31, 2014

 

8,481 

 

$

8.11 

 

$

1.98 

 

$

 

 

Schedule of grant date assumptions used in the Black-Scholes valuation for stock options

 

 

 

 

 

2014

 

Exercise price per share

 

$

8.11 

 

Expected life (in years)

 

4.5 

 

Expected volatility

 

35.4 

%

Risk-free interest rate

 

1.4 

%

Dividend yield

 

0.5 

%

Grant date fair value of stock option awards granted

 

$

1.98