|
Stockholders' Equity and Equity Based Awards (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Valuation Model for Performance-Based Awards |
The valuation model for the Performance-Based Awards used the
following assumptions:
|
|
|
|
|
|
|
|
Grant Year
|
|
Average Expected Volatility
|
|
Expected Dividend Yield
|
|
Risk-Free Interest Rate
|
|
2011
|
|
31.9% -
74.5% |
|
0% |
|
0.63% -
1.77% |
|
2012
|
|
32.1% -
33.0% |
|
0% |
|
0.56% -
0.85% |
|
2013
|
|
35.0% |
|
0% |
|
0.42% |
|
|
Time Based Restricted Stock Awards
|
|
| Changes in Non-Vested Awards |
The following table summarizes the changes in non-vested time-based
awards for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
| |
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Non-vested, beginning of period
|
|
|
1,176,890 |
|
|
$ |
12.00 |
|
|
|
952,920 |
|
|
$ |
14.11 |
|
|
$ |
885,482 |
|
|
$ |
11.40 |
|
|
Granted
|
|
|
1,570,393 |
|
|
|
10.31 |
|
|
|
811,080 |
|
|
|
10.16 |
|
|
|
488,634 |
|
|
|
16.88 |
|
|
Vested
|
|
|
(559,763 |
) |
|
|
12.47 |
|
|
|
(543,593 |
) |
|
|
12.83 |
|
|
|
(374,351 |
) |
|
|
13.68 |
|
|
Forfeited
|
|
|
(181,799 |
) |
|
|
11.15 |
|
|
|
(43,517 |
) |
|
|
13.18 |
|
|
|
(46,845 |
) |
|
|
14.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested, end of period
|
|
|
2,005,721 |
|
|
$ |
10.62 |
|
|
|
1,176,890 |
|
|
$ |
12.00 |
|
|
$ |
952,920 |
|
|
$ |
14.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TSR Awards | TSR
|
|
| Changes in Non-Vested Awards |
The following table summarized changes in non-vested TSR Awards for
the periods presented.
|
|
|
|
|
|
|
|
|
| |
|
2013 |
|
| |
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Non-vested, beginning of period
|
|
|
— |
|
|
$ |
— |
|
|
Granted
|
|
|
354,517 |
|
|
|
15.91 |
|
|
Vested
|
|
|
— |
|
|
|
— |
|
|
Forfeited
|
|
|
(14,351 |
) |
|
|
15.91 |
|
|
|
|
|
|
|
|
|
|
|
Non-vested, end of period
|
|
|
340,166 |
|
|
$ |
15.91 |
|
|
|
|
|
|
|
|
|
|
|
|
TSR Awards | Stock Appreciation Awards
|
|
| Changes in Non-Vested Awards |
The following table summarized changes in non-vested Stock
Appreciation Awards for the periods presented.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
| |
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Non-vested, beginning of period
|
|
|
895,892 |
|
|
$ |
8.43 |
|
|
|
600,310 |
|
|
$ |
10.71 |
|
|
|
436,117 |
|
|
$ |
9.38 |
|
|
Granted
|
|
|
— |
|
|
|
— |
|
|
|
316,008 |
|
|
|
4.02 |
|
|
|
192,903 |
|
|
|
13.81 |
|
|
Vested
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(867 |
) |
|
|
12.64 |
|
|
Forfeited
|
|
|
(61,147 |
) |
|
|
7.82 |
|
|
|
(20,426 |
) |
|
|
7.56 |
|
|
|
(27,483 |
) |
|
|
14.51 |
|
|
Expired
|
|
|
(390,174 |
) |
|
|
9.38 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested, end of period
|
|
|
444,571 |
|
|
$ |
7.60 |
|
|
|
895,892 |
|
|
$ |
8.43 |
|
|
|
600,310 |
|
|
$ |
10.71 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|