Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.4.0.3
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2016
Share-Based Compensation  
Schedule of share-based compensation activity

The following table presents a summary of our share-based compensation activity for the three months ended March 31, 2016 (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Share Awards

 

Stock Options

 

 

 

Number of
Shares

 

Weighted
Average Grant
Date Fair Value
Per Share

 

Number of
Shares

 

Weighted
Average Grant
Date Fair Value
Per Share

 

Weighted
Average
Exercise Price
Per Share

 

Aggregate
Intrinsic Value

 

Balance December 31, 2015

 
586.6

 

$
21.97

 
387.6

 

$
9.35

 

$
24.03

 

$
2,611.7

 

Granted

 
317.2

 

 
28.41

 
409.3

 

 
10.20

 

 
26.30

 

 

 

 

Converted/Exercised

 
(152.1)

 

 
19.16

 

 —

 

 

 —

 

 

 —

 

 

 

 

Forfeited

 
(1.2)

 

 
23.20

 

 —

 

 

 —

 

 

 —

 

 

 

 

Balance March 31, 2016

 
750.5

 

$
25.25

 
796.9

 

$
9.79

 

$
25.20

 

$
3,620.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable March 31, 2016

 

 

 

 

 

 
71.7

 

$
6.69

 

$
16.86

 

$
923.9

 

 

Schedule of assumptions used to estimate the fair values of options granted

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

Risk free interest rate

    

 
1.51

%

 

 
1.82

%

 

Expected volatility

 

 
38.00

%

 

 
37.00

%

 

Expected life (in years)

 

 
6.00

 

 

 
6.00

 

 

Dividend yield

 

 
0.00

%

 

 
0.00

%

 

Estimated fair value of options granted

 

$
10.20

 

 

$
10.44

 

 

 

Performance-based conditions | Restricted Stock Awards  
Share-Based Compensation  
Schedule of the range of payouts and the related expense for RSAs with performance-based conditions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payout Ranges and related expense

 

RSAs with performance-based conditions

 

Grant Date Fair Value

 

0%

 

25%

 

100%

 

200%

 

February 22, 2016

 

$
2,351.7

 

$

 —

 

$
587.9

 

$
2,351.7

 

$
4,703.4

 

 

Market-based conditions | Restricted Stock Awards  
Share-Based Compensation  
Schedule of key inputs used to estimate the fair value of awards

 

 

 

 

 

 

 

 

2016

 

Remaining measurement period (years)

 

 
2.86

 

 

Risk free interest rate

 

 
0.90

%

 

Dividend yield

 

 
0.00

%

 

Estimated fair value of market-based RSAs granted

 

$
33.77