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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Key Assumptions Utilized in Determining Fair Value of Awards Granted
The key assumptions utilized in determining the fair value of the stock options granted during the years ended December 31, 2015, 2014 and 2013 are as follows for the various tranches:
 
  
Time-Based Options
 
 
Year Ended December 31,
 
  
2015
  
2014
  
2013
Assumptions:
  
 
  
 
  
 
Expected term (years)
  
2.07 - 7.50
 
2.07 - 7.50
 
2.81 - 7.50
Expected volatility
  
45.00% - 77.00%
 
47.00% - 77.00%
 
64.00% - 84.00%
Risk-free interest rate
  
0.46% - 2.31%
 
0.46% - 2.31%
 
0.34% - 1.35%
Expected dividend yield
  
—%
 
—%
 
—%
 
  
Performance-Based Options
 
 
Year Ended December 31,
 
  
2015
  
2014
  
2013
Assumptions:
  
 
  
 
  
 
Expected term (years)
  
2.07 - 4.30
 
2.07 - 4.30
 
2.80 - 3.80
Expected volatility
  
44.00% - 74.00%
 
44.00% - 74.00%
 
64.00% - 83.00%
Risk-free interest rate
  
0.29% - 3.09%
 
0.29% - 3.09%
 
0.34% - 2.50%
Expected dividend yield
  
—%
 
—%
 
—%
Outstanding and Exercisable Stock Options, By Exercise Price
 
 
Outstanding
 
Exercisable
Exercise Price
 
Options
 
Weighted-
Average
Remaining
Contractual
Term
(In years)
 
Weighted-
Average
Exercise
Price
 
Options
 
Weighted-
Average
Exercise
Price
$6.64
 
5,044,408

 
7.2
 
$
6.64

 
4,648,885

 
$
6.64

$20.00
 
1,252,381

 
9.5
 
20.00

 

 

Total
 
6,296,789

 
7.7
 
$
9.30

 
4,648,885

 
$
6.64

Stock Option Activity
 
 
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
(In years)
 
Aggregate
Intrinsic
Value
(In millions)
Outstanding at December 31, 2014
 
5,262,914

 
$
6.64

 

 

Granted
 
1,297,772

 
19.62

 

 

Exercised
 
(47,835
)
 
6.64

 

 

Expired
 
(157,402
)
 
6.64

 

 

Forfeited
 
(58,660
)
 
8.50

 

 

Outstanding at December 31, 2015
 
6,296,789

 
$
9.30

 
7.7
 
$
29.6

Exercisable at December 31, 2015
 
4,648,885

 
$
6.64

 
7.3
 
$
27.3

Options expected to vest
 
6,034,302

 
$
8.86

 
7.6
 
$
29.5