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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Summary of Stock-Based Compensation Expense

The following table provides a summary of stock-based compensation expense (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

Stock-based compensation resulting from the Spin-off

 

$

916

 

 

$

 

Stock-based compensation related to grants following the Spin-off

 

 

1,881

 

 

 

 

Total stock-based compensation expense

 

$

2,797

 

 

$

 

 

QHC Awards Distributed in Spin-off [Member]  
Summary of Activity Related to Unvested Restricted Stock Awards

The following table provides a summary of the activity related to unvested QHC restricted stock awards held by QHC and CHS employees during the three months ended March 31, 2017 that were distributed in the Spin-off (in shares):

 

 

QHC Awards Distributed in Spin-off

 

 

 

QHC Employees

 

 

CHS Employees

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock awards at December 31, 2016

 

 

52,462

 

 

 

621,525

 

 

 

673,987

 

Vested

 

 

(33,599

)

 

 

(200,834

)

 

 

(234,433

)

Forfeited

 

 

(13,928

)

 

 

(127,183

)

 

 

(141,111

)

Unvested restricted stock awards at March 31, 2017

 

 

4,935

 

 

 

293,508

 

 

 

298,443

 

 

QHC Restricted Stock Awards Granted Following Spin-off [Member]  
Summary of Activity Related to Unvested Restricted Stock Awards

The following table provides a summary of the activity related to unvested restricted stock awards during the three months ended March 31, 2017 that were granted to QHC employees subsequent to the Spin-off:

 

 

QHC Awards Granted

 

 

 

Subsequent to Spin-off

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock awards at December 31, 2016

 

 

1,081,005

 

 

$

12.77

 

Granted

 

 

880,000

 

 

 

8.54

 

Vested

 

 

 

 

 

 

Forfeited

 

 

(17,667

)

 

 

12.77

 

Unvested restricted stock awards at March 31, 2017

 

 

1,943,338

 

 

$

10.85