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Equity Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The Company has recognized non-cash stock-based compensation cost as shown below. Historical amounts may not be representative of future amounts as the value of future awards may vary from historical amounts.
| Successor
| October 11, 2016 through December 31, 2016
(in thousands)
Restricted stock awards | $ | 405 |
Stock option awards | 928 |
Total equity based compensation expense | $ | 1,333 |
Nonvested Restricted Stock Shares Activity | The following table provides information about restricted stock awards granted in 2016:
| Successor
| Awards |  | Weighted Average Grant-Date Fair Value
Service-based stock awards: |  |  |
Outstanding as of October 11, 2016 | — |  |  | $ | — |
Vested | — |  |  | $ | — |
Granted | 256,597 |  |  | $ | 20.03 |
Canceled | — |  |  | $ | — |
Outstanding as of December 31, 2016 | 256,597 |  |  | $ | 20.03 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The following summarizes the options granted and related information, and the assumptions used to determine the fair value of those options.
| Successor
| October 11, 2016 through December 31, 2016
Options granted | 2,760,500 |
Weighted average grant-date fair value | $ | 5.93 |
Weighted average exercise price | $ | 14.67 |
Total fair value (in thousands) | $ | 16,375 |
Expected term | 6 |
Expected stock volatility | 40.0 | %
Dividend yield | — | %
Risk-free interest rate | 1.5 | %
Schedule of Share-based Compensation, Stock Options, Activity | Information about outstanding stock options is summarized in the table below:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Term (in years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding as of October 11, 2016 | — |  |  | $ | — |  |  | — |  |  | — |
Exercised | — |  |  | $ | — |  |  | — |  |  | — |
Granted | 2,760,500 |  |  | $ | 14.67 |  |  | 5.8 |  |  | $ | 13,934 |
Forfeited | (25,000 | ) |  | $ | 14.52 |  |  | 5.8 |  |  | $ | 130 |
Outstanding as of December 31, 2016 | 2,735,500 |  |  | $ | 14.67 |  |  | 5.8 |  |  | $ | 13,804 |
Exercisable as of December 31, 2016 | — |  |  | $ | — |  |  | — |  |  | $ | — |
The following summary reflects the status of non-vested stock options as of December 31, 2016 and changes since the Business Combination on October 11, 2016:
| Options |  | Weighted Average Grant-Date Fair Value |  | Weighted Average Exercise Price
Non-vested as of October 11, 2016 | — |  |  | $ | — |  |  | $ | — |
Vested | — |  |  | $ | — |  |  | $ | — |
Granted | 2,760,500 |  |  | $ | 5.93 |  |  | $ | 14.67 |
Forfeited | (25,000 | ) |  | $ | 5.86 |  |  | $ | 14.52 |
Non-vested as of December 31, 2016 | 2,735,500 |  |  | $ | 5.93 |  |  | $ | 14.67 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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