Stock-Based Compensation

9 Months Ended

Sep. 30, 2015

STOCK-BASED COMPENSATION

A summary of stock-based compensation costs follows (in millions):



	Three Months Ended September 30,				Nine Months Ended September 30,
	Successor		Predecessor		Successor		Predecessor
	2015		2014		2015		2014

Total stock-based compensation costs:
Restricted stock and restricted stock units	$	0.1	$	0.1	$	0.2	$	0.6
Stock options, performance awards and other	—		—		0.1		—
Expense included primarily in selling, general and administrative expense	$	0.1	$	0.1	$	0.3	$	0.6

Total recognized tax benefit	$	—	$	—	$	—	$	—

As of September 30, 2015, there was $0.9 million of unrecognized compensation cost, adjusted for estimated forfeitures, of which $0.8 million relates to stock options and $0.1 million relates to unvested restricted stock units. Unrecognized compensation cost is expected to be recognized over a weighted-average period of 2.8 years.

Stock-based compensation cost is measured at the grant date, based on the fair value of the award using the Black-Scholes option pricing model, and is recognized over the vesting period. Stock options vest and become exercisable in equal annual installments over a three or four year period and expire 10 years from the date of grant.

Assumptions used in the Black-Scholes option pricing model to value option grants follow. There were no option grants in the nine months ended September 30, 2014.



	Three Months Ended September 30,		Nine Months Ended September 30,
	Successor	Predecessor	Successor	Predecessor
	2015	2014	2015	2014
Risk-free interest rate	1.91%	-	1.91%	-
Expected volatility	75%	-	75%	-
Expected option life (years)	6	-	6	-
Weighted-average grant date fair value	$2.59	-	$2.85	-
Options granted	37,500	-	337,500	-