Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2014
Components of Stock-Based Compensation Included in Consolidated Statements of Net and Comprehensive Income

The following table summarizes the components of stock-based compensation included in the condensed consolidated statements of net and comprehensive income (in thousands):

 

     Three Months
Ended June 30,		      Six Months
Ended June 30,		  
     2014      2013      2014      2013  

Restricted stock and SARs (prior to IPO)

    $ —         $ 2,190       $ —         $ 2,626   

Employee stock purchase plan

      23         —           23         —     

RSAs – non-employee directors

      46         —           76         —     

RSUs – employees

      146         —           346         —     

RSUs – independent contractors

      926         —           1,413         —     
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 1,141       $ 2,190       $ 1,858       $ 2,626   
  

 

 

     

 

 

     

 

 

     

 

 

  

 
Post IPO [Member]
  
Summary of Vested and Nonvested RSU and RSA Activity Under 2013 Plan

The following table summarizes the Company’s vested and nonvested RSU and RSA activity under the 2013 Plan for the six month period ended June 30, 2014 (dollars in thousands, except per share data):

 

     RSA Grants to
Non-employee
Directors		      RSU Grants to
Employees		     RSU Grants to
Independent
Contractors		     Total     Weighted-
Average Grant
Date Fair Value
Per Share		  

Nonvested shares at December 31, 2013

      30,000         313,155        570,760        913,915      $ 14.46   

Granted

      22,884         6,991        79,402        109,277        15.74   

Transferred

      —           (5,158 )      5,158        —          14.54   

Forfeited/canceled

      —           (24,756 )      (11,770 )      (36,526 )      14.65   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Nonvested shares at June 30, 2014

      52,884         290,232        643,550        986,666      $ 14.59   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Unrecognized stock-based compensation expense as of June 30, 2014 (1)

    $ 624       $ 3,471      $ 14,073      $ 18,168     
  

 

 

     

 

 

    

 

 

    

 

 

    

Weighted average remaining vesting period as of June 30, 2014

      2.57         4.52        4.54        4.43     
  

 

 

     

 

 

    

 

 

    

 

 

    

 

(1)  The unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 4.43 years.