Equity Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Compensation Expense

The Company has recognized stock-based compensation cost as shown below. Historical amounts may not be representative of future amounts as the value of future awards may vary from historical amounts.

(in thousands)	For the Three Months Ended June 30, 2017		For the Six Months Ended June 30, 2017
Restricted stock awards	$	1,018	$	1,874
Stock option awards	1,967		3,721
Total equity based compensation expense	$	2,985	$	5,595

Nonvested Restricted Stock Shares Activity

The following table provides information about restricted stock awards granted during the six months ended June 30, 2017:

	Awards		Weighted Average Grant-Date Fair Value
Service-based stock awards:
Outstanding as of December 31, 2016	256,597		$	20.03
Vested	—		$	—
Granted	324,010		$	18.77
Canceled	(6,679	)	$	18.81
Outstanding as of June 30, 2017	573,928		$	19.33

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the assumptions and related information used to determine the grant date fair value of stock options awarded during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
Weighted average grant-date fair value	$	7.15
Expected term (in years)	6
Expected stock volatility	38.1		%
Dividend yield	—		%
Risk-free interest rate	2.0		%