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Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Equity-Based Compensation  
Schedule of equity-based compensation expense in condensed consolidated statements of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

    

2015

    

2014

    

2015

    

2014

 

Cost of revenue, excluding depreciation and amortization

 

$

10,643

 

$

728

 

$

11,355

 

$

1,363

 

General and administrative

 

 

62,390

 

 

1,854

 

 

63,642

 

 

3,544

 

Total equity-based compensation expense

 

$

73,033

 

$

2,582

 

$

74,997

 

$

4,907

 

 

Schedule of restricted stock with vesting terms

 

 

 

 

4-year service vesting (20% for years 1-2, 30% for years 3-4)

    

807,000

 

3-year performance vesting (cliff)

 

807,000

 

2-year service vesting (quarterly)

 

120,000

 

1-year service vesting

 

20,000

 

 

 

1,754,000

 

 

Schedule of changes in nonvested restricted stock

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Fair Value

 

 

 

 

 

at Grant

 

 

    

Shares

    

Date

 

Nonvested at January 1, 2015

 

 —

 

$

 —

 

Converted from liquidation of Parent

 

1,028,122

 

 

25.00

 

Granted

 

1,754,000

 

 

25.00

 

Vested

 

(48,901)

 

 

25.00

 

Forfeited

 

 —

 

 

 —

 

Nonvested at June 30, 2015

 

2,733,221

 

$

25.00