| Outstanding Awards Under 2013 Omnibus Equity Incentive Plan |
The following table summarizes the Company’s activity under
the 2013 Plan for the nine months ended September 30, 2015
(dollars in thousands, except per share data):
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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, 2014
|
|
|
42,882 |
|
|
|
516,437 |
|
|
|
647,690 |
|
|
|
1,207,009 |
|
|
$ |
18.23 |
|
|
Granted
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
February 2015
|
|
|
—
|
|
|
|
15,847 |
|
|
|
9,720 |
|
|
|
25,567 |
|
|
|
|
|
|
May 2015
|
|
|
10,110 |
|
|
|
8,142 |
|
|
|
4,212 |
|
|
|
22,464 |
|
|
|
|
|
|
August 2015
|
|
|
—
|
|
|
|
5,607 |
|
|
|
25,148 |
|
|
|
30,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Granted
|
|
|
10,110 |
|
|
|
29,596 |
|
|
|
39,080 |
|
|
|
78,786 |
|
|
|
42.84 |
|
|
Vested
|
|
|
(7,626 |
) |
|
|
(56,719 |
) |
|
|
(136,879 |
) |
|
|
(201,224 |
) |
|
|
14.85 |
|
|
Transferred
|
|
|
— |
|
|
|
(8,423 |
) |
|
|
8,423 |
|
|
|
— |
|
|
|
17.81 |
|
|
Forfeited/canceled
|
|
|
— |
|
|
|
(13,047 |
) |
|
|
(15,904 |
) |
|
|
(28,951 |
) |
|
|
17.78 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonvested shares at September 30, 2015 (1)
|
|
|
45,366 |
|
|
|
467,844 |
|
|
|
542,410 |
|
|
|
1,055,620 |
|
|
$ |
20.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrecognized stock-based compensation expense as of
September 30, 2015 (2)
|
|
$ |
634 |
|
|
$ |
9,185 |
|
|
$ |
19,695 |
|
|
$ |
29,514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average remaining vesting period (years) as of
September 30, 2015
|
|
|
1.98 |
|
|
|
4.04 |
|
|
|
3.41 |
|
|
|
3.58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Nonvested RSU’s will be settled
through the issuance of new shares of common stock. |
|
(2) |
The total unrecognized compensation
expense is expected to be recognized over a weighted-average period
of approximately 3.58 years. |
|
| Components of Stock-Based Compensation Included in Selling, General and Administrative Expense in Condensed Consolidated Statements of Net and Comprehensive Income |
The following table summarizes the components of stock-based
compensation included in selling, general and administrative
expense in the condensed consolidated statements of net and
comprehensive income (in thousands, except common stock price):
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|
|
|
|
|
|
| |
|
Three Months
Ended September 30,
|
|
|
Nine Months
Ended September 30,
|
|
| |
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
|
Employee stock purchase plan
|
|
$ |
56 |
|
|
$ |
45 |
|
|
$ |
184 |
|
|
$ |
68 |
|
|
RSAs – non-employee directors
|
|
|
91 |
|
|
|
61 |
|
|
|
228 |
|
|
|
137 |
|
|
RSUs – employees
|
|
|
547 |
|
|
|
175 |
|
|
|
1,626 |
|
|
|
521 |
|
|
RSUs – independent contractors
|
|
|
1,474 |
|
|
|
1,136 |
|
|
|
4,712 |
|
|
|
2,549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,168 |
|
|
$ |
1,417 |
|
|
$ |
6,750 |
|
|
$ |
3,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|