Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.5.0.2
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2016
Share-Based Compensation  
Schedule of share-based compensation activity

The following table presents a summary of our share-based compensation activity for the six months ended June 30, 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

 
325.8

 

$
28.58

 
409.3

 

$
10.20

 

$
26.30

 

 

 

Converted/Exercised

 
(154.2)

 

$
19.21

 
(3.7)

 

$
10.35

 

$
26.81

 

 

 

Forfeited

 
(23.6)

 

$
25.70

 
(34.9)

 

$
10.28

 

$
26.58

 

 

 

Balance June 30, 2016

 
734.6

 

$
25.36

 
758.3

 

$
9.76

 

$
25.13

 

$
8,397.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable June 30, 2016

 

 

 

 

 

 
71.7

 

$
6.69

 

$
16.86

 

$
1,387.3

 

Schedule of unrecognized share-based compensation expense relating to unvested awards

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2016

 

 

Unrecognized Compensation Expense
on Unvested Awards

 

Weighted Average
Remaining
Vesting Period

 

Weighted Average
Remaining
Contractual Term
for Vested Options

Restricted stock awards

 

$
14,915

 

 

1.9 years

 

 

 

Stock options

 

 
5,929

 

 

2.0 years

 

 

9.1 years

Total unrecognized compensation expense related to unvested awards

 

$
20,844

 

 

 

 

 

 

 

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

 

$
2,275

 

$

 —

 

$
569

 

$
2,275

 

$
4,550

 

Market-based conditions | Stock Options  
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