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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the Company's Stock Option Activity

A summary of the Company’s stock option activity is as follows ( the weighted average exercise price per share has been adjusted for the Spin-Off and November 2017 1-for-4 reverse stock split):

 

 

 

Shares

 

 

Weighted

Average

Exercise Price

 

 

Aggregate

Intrinsic

Value

 

Options outstanding as of January 1, 2016

 

 

1,397,571

 

 

$

15.51

 

 

 

 

 

Granted

 

 

439,741

 

 

 

17.20

 

 

 

 

 

Exercised

 

 

(712,514

)

 

 

13.09

 

 

 

 

 

Forfeited

 

 

(97,842

)

 

 

16.38

 

 

 

 

 

Cancelled

 

 

(61,056

)

 

 

18.68

 

 

 

 

 

Options outstanding as of December 31, 2016

 

 

965,900

 

 

 

17.76

 

 

 

 

 

Granted

 

 

273,800

 

 

 

25.68

 

 

 

 

 

Exercised

 

 

(258,699

)

 

 

19.86

 

 

 

 

 

Forfeited

 

 

(78,100

)

 

 

20.16

 

 

 

 

 

Cancelled

 

 

(26,536

)

 

 

27.29

 

 

 

 

 

Options outstanding as of December 31, 2017

 

 

876,365

 

 

$

19.13

 

 

$

17.8

 

Options exercisable as of:

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

372,206

 

 

$

15.97

 

 

$

8.7

 

 

Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant

The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing method with the following assumptions:

 

 

2017

 

 

2016

 

 

2015

 

Expected Life (years)

 

 

6.5

 

 

 

6.5

 

 

 

6.0

 

Risk-free Interest rate

 

 

2.2

%

 

 

1.6

%

 

 

1.8

%

Expected volatility

 

 

45.0

%

 

 

45.0

%

 

 

56.0

%

Expected dividend yield

 

 

%

 

 

%

 

 

0.3

%

 

Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

A summary of activity for restricted stock awards for the year ended December 31, 2017 is as follows:

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested as of January 1, 2017

 

 

39,028

 

 

$

86.92

 

Granted

 

 

 

 

 

 

Vested

 

 

(11,058

)

 

 

86.92

 

Forfeited

 

 

(5,544

)

 

 

86.92

 

Unvested as of December 31, 2017

 

 

22,426

 

 

$

86.92

 

 

Performance Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

A summary of activity for restricted stock units for the year ended December 31, 2017 is as follows:

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested as of January 1, 2017

 

 

465,117

 

 

$

44.08

 

Granted

 

 

267,902

 

 

 

25.87

 

Vested

 

 

(72,891

)

 

 

96.59

 

Forfeited

 

 

(66,029

)

 

 

27.72

 

Unvested as of December 31, 2017

 

 

594,099

 

 

$

29.18