Equity Based Compensation and Profit Interests Awards (Tables)

9 Months Ended

Sep. 30, 2017

Well Services | Class C and D Units

Equity Based Compensation and Profit Interest Awards

Summary of unit activity

The following table summarizes the Class C and Class D unit activity for the year ended December 31, 2016 and for the nine months ended September 30, 2017 (in millions):

	Class C units		Class D units
	Equity-based		Equity-based
	Compensation	Liability	Compensation	Liability
	Awards	Awards	Awards	Awards
Outstanding at January 1, 2016	0.5	0.2	0.4	0.2
Granted	—	—	—	—
Forfeited	—	—	—	—
Outstanding at December 31, 2016	0.5	0.2	0.4	0.2
Granted	0.3	—	0.3	—
Forfeited	(0.2)	—	(0.3)	—
Outstanding at September 30, 2017	0.6	0.2	0.4	0.2

Schedule of assumptions used in the valuation and resulting grant date fair value

The following table presents the assumptions used in the valuation and resulting grant date fair value:

	2016
	Pre-Modification		At Modification		2017
Period	5 years		5 years		5 years
Dividend Yield	—	%	—	%	—	%
Volatility	35 - 60	%	40	%	40	%
Risk Free Rate	1.0 - 1.6	%	1.2	%	1.2	%

Processing Solutions | Class B and C Units

Equity Based Compensation and Profit Interest Awards

Summary of unit activity

The following table summarizes the Class B and Class C unit activity for the year ended December 31, 2016 and for the nine months ended September 30, 2017 (in millions):

	Class B	Class C(1)
Outstanding at January 1, 2016	1.0	—
Granted	—	—
Forfeited	(0.3)	—
Outstanding at December 31, 2016	0.7	—
Granted	0.3	—
Forfeited	—	—
Outstanding at September 30, 2017	1.0	—

(1)There were 2,000 Class C units outstanding at each date.

Schedule of assumptions used in the valuation and resulting grant date fair value

The following table presents the assumptions used in the valuation and resulting grant date fair value:

	Assumptions
Period	2.8	years
Dividend Yield	—	%
Volatility	28.1	%
Risk Free Rate	0.9	%