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EQUITY‑BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2018
Schedule of assumptions used in determining the fair value of certain equity options

 

 

 

 

 

 

 

Assumptions

Underlying equity

 

$

20.50

 

Strike price

 

$

20.50 - 30.75

 

Dividend yield (%)

 

 

0.0

%  

Risk free rate (%)

 

 

2.3

%  

Volatility (%)

 

 

50.0

%  

Expected term (years)

 

 

10.0

 

 

Schedule of equity option activity and related information

 

 

 

 

 

 

 

 

For the three months ended March 31, 2018

 

    

 

    

Weighted-average

 

 

Stock Options

 

Exercise Price

Beginning balance, outstanding

 

3,495,935

 

$

14.12

Granted

 

584,846

 

 

26.02

Exercised

 

(19,398)

 

 

6.70

Forfeited

 

(13,659)

 

 

16.84

Ending balance, outstanding

 

4,047,724

 

$

15.86

Ending balance, exercisable

 

566,829

 

$

8.46

Non-vested at end of period

 

1,097,790

 

$

19.20

 

Restricted Stock  
Schedule of restricted stock activity

 

 

 

 

 

 

 

 

For the three months ended March 31, 2018

 

 

 

 

Weighted-average

 

 

Restricted Stock Awards

 

Grant Date Fair Value

Non-vested at December 31, 2017

 

299,801

 

$

16.36

Granted

 

331,389

 

 

20.87

Vested

 

(33,429)

 

 

16.36

Forfeited

 

(18,640)

 

 

16.36

Non-vested at March 31, 2018

 

579,121

 

$

18.94

 

Restricted Stock Units  
Schedule of restricted stock activity

 

 

 

 

 

 

 

 

For the three months ended March 31, 2018

 

    

 

    

Weighted-average

 

 

Restricted Stock Units

 

Grant Date Fair Value

Non-vested at December 31, 2017

 

30,360

 

$

19.88

Granted

 

 —

 

 

 —

Vested

 

(27,235)

 

 

20.00

Non-vested at March 31, 2018

 

3,125

 

$

18.80

 

Performance share units  
Schedule of percentage of target PSUs earned

 

 

 

Return on Assets at Performance Period End Date

 

Percentage of Target PSUs Earned

Less than 9.6%

 

0%

9.6%

 

50%

12%

 

100%

14.4%

 

175%