Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock Activity
During the three and nine months ended September 30, 2015, the Company made the following grants of restricted stock, which vest based on the passage of time as described below:
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
Vesting Period

 
22,335

 
Granted shares vested upon the grant date

 
162,695

 
Granted shares vest ratably over a period of two quarters
4,824

 
64,616

 
Granted shares vest ratably over a period of four quarters

 
24,665

 
Granted shares vest ratably over a period of eight quarters
61,795

 
561,318

 
Granted shares vest ratably over a period of twelve quarters
During the three and nine months ended September 30, 2015, the Company made the following grants of restricted stock, which require the achievement of certain market-based conditions to become eligible to vest as described below:
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
Condition to Become Eligible to Vest

 
30,000

 
After the grant date and prior to July 1, 2017, the average closing price per share of the Company's common stock equals or exceeds $25.00 for twenty consecutive trading days

 
30,000

 
After the grant date and prior to July 1, 2017, the average closing price per share of the Company's common stock equals or exceeds $30.00 for twenty consecutive trading days

 
235,579

 
After the grant date and prior to July 1, 2018, the average closing price per share of the Company's common stock equals or exceeds $30.00 for twenty consecutive trading days

 
265,586

 
After the grant date and prior to July 1, 2018, the average closing price per share of the Company's common stock equals or exceeds $35.00 for twenty consecutive trading days

 
30,000

 
After the grant date and prior to July 1, 2018, the average closing price per share of the Company's common stock equals or exceeds $40.00 for twenty consecutive trading days
Schedule of Stock Option Activity
During the three and nine months ended September 30, 2015, the Company made the following grants of stock options, which vest based on the passage of time as described below:
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
Vesting Period
22,700

 
42,825

 
Granted options vested upon the grant date
31,790

 
31,790

 
Granted options vest ratably over a period of seven quarters

 
40,420

 
Granted options vest ratably over a period of eight quarters
205,135

 
2,066,085

 
Granted options vest ratably over a period of twelve quarters