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Employee Incentive Programs (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Series B Unit Activity

A summary of the Series B Unit activity for the years ended December 31, 2017, 2016 and 2015 is presented below.

 

     Number of Series B
Units
     Weighted Average
Estimated Fair
Value per Unit
 

Non-vested at December 31, 2014

     642,355      $ 21.04  

Vested

     (175,196      20.43  

Forfeited or cancelled

     (92,500      22.08  
  

 

 

    

Non-vested at December 31, 2015

     374,659      $ 21.07  

Granted

     147,000        4.11  

Vested

     (122,455      17.95  

Forfeited or cancelled

     (72,750      21.22  
  

 

 

    

Non-vested at December 31, 2016

     326,454      $ 14.57  

Granted

     35,100        20.99  

Vested

     (104,614      17.16  

Forfeited or cancelled

     (22,500      15.10  
  

 

 

    

Non-vested at December 31, 2017

     234,440      $ 14.32  
  

 

 

    
Summary of Fair Value Grant Estimated Using Weighted Average Assumptions

The fair value of each grant was estimated at the date of grant using the following weighted-average assumptions:

 

     2017 Grants     2016 Grants  

Assumed value of equity (in thousands)

   $ 789,426     $ 196,280  

Risk-free rate of interest

     1.16     1.11

Expected time to a liquidity event (in years)

     1       3  

Expected volatility of equity

     40     70

Discount for lack of marketability

     25     34