Share-based Compensation (Tables)
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3 Months Ended |
Mar. 31, 2016 |
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| Non-voting common interest units (formerly Class A 2 profits interests) |
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| Schedule of activity |
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Weighted
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Weighted
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Average
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Number of
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Average Fair
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Remaining
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Interests
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Value
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Life
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Outstanding December 31, 2014
|
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6,069,007
|
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$
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6.82
|
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2.54
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Interests granted
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6,418
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|
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7.52
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3.00
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Interests repurchased
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(13,495)
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|
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7.17
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—
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Outstanding March 31, 2015
|
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6,061,930
|
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$
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6.82
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2.27
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|
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| East MIP | Class A-2 profits interests and Class B interests |
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| Schedule of weighted-average assumptions used in estimating the grant date fair values |
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Three Months Ended March 31,
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2016
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2015
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Expected life (in years)
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2.7
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0.5
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Weighted average risk free interest rate
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0.72
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%
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0.12
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%
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Expected stock price volatility
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47
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%
|
25
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%
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Expected dividend yield
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—
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—
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| Non-qualified stock options |
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| Schedule of activity |
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Options Outstanding
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Options Exercisable
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Weighted Average
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Weighted Average
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Weighted Average
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Number of
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Exercise Price
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Remaining
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Number of
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Exercise Price
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Options
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Per Share
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Contractual Life
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Options
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Per Share
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At December 31, 2015
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8,994,000
|
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$
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19.00
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9.29
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—
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$
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—
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Granted
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—
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—
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—
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—
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—
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Exercised
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—
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—
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—
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—
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—
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Forfeited or expired
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(625,000)
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—
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—
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—
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—
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At March 31, 2016
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8,369,000
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$
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19.00
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9.05
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—
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$
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—
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| Schedule of weighted-average assumptions used in estimating the grant date fair values |
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Three Months Ended
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March 31, 2016
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Expected life (in years)
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6.25
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Weighted average risk free interest rate
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1.52
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%
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Expected stock price volatility
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30
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%
|
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Expected dividend yield
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|
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5.05
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%
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Weighted average fair value at grant date
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$
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3.02
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| Restricted stock units |
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| Schedule of activity related to restricted stock units |
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Weighted
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Number of
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Average Fair
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Shares
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Value
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At December 31, 2015
|
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984,466
|
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$
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22.32
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Granted
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—
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—
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Forfeited
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(115,869)
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22.51
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Vested
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—
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—
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At March 31, 2016
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868,597
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$
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22.30
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