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Shareholders' equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Summary of Stock Option Activity under Plan

The following table summarizes stock option activity under the Plan for the years ended December 31, 2013 and 2012:

 

     Year ended December 31,  
     2013      2012  
     Stock Options     Weighted Average
Exercise Price
     Stock Options      Weighted Average
Exercise Price
 

Outstanding at beginning of the year

     700,000      $ 15.00         —         $ —     

Granted

     550,000        16.03         700,000         15.00   

Exercised

     —          —           —           —     

Forfeited

     (60,000     15.00         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at end of the year

     1,190,000      $ 15.48         700,000       $ 15.00   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at end of the year

     160,000      $ 15.00         —         $ —     
Summary of Black-Scholes Option Pricing Model Inputs used for Valuation of Stock Options Outstanding

The following table summarizes the Black-Scholes Option Pricing Model inputs used for valuation of the stock options for Class A common shares issued during the year ended December 31, 2013:

 

Weighted average fair value

   $  4.75   

Weighted average remaining life (years)

     9.9   

Expected term (years)

     7.0   

Dividend Yield

     3

Volatility

     38

Risk-free interest rate

     1.98