XML 163 R147.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stockholders' Equity - Additional Information 2 (Detail) - USD ($)
 12 Months Ended
Oct. 06, 2016
Sep. 01, 2012
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Sep. 01, 2013
Sep. 30, 2012
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Period in the beginning of each year to award Performance Share Unit     90 days        
Target level for the determination of performance goals and measures     100.00%        
Shares issued based on completion of performance conditions     481,834 419,844 572,089    
Number of shares granted     20,587 71,893 101,062    
Liabilities Current     $ 2,118,900,000 $ 1,807,100,000 [1],[2]      
Share based compensation expense recognized period     15 months        
Share-based incentive compensation     $ 59,900,000 61,200,000 [3],[4] $ 54,100,000 [3],[4],[5]    
Stock appreciation rights expense     (100,000) 3,900,000 8,100,000    
Payment due to exercise SARs     1,900,000 $ 20,700,000 $ 21,100,000    
Liability for SARs     $ 2,000,000        
2005 Contingent Stock Plan [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Targeted number of common stock shares to be earned under the performance incentive plan   350,000          
Restricted shares issued   50,000          
Number of shares granted     481,834 419,844 572,089    
2012 President and COO Four-year Incentive Compensation [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Performance period end date     Aug. 31, 2016        
Fair value of shares granted     $ 1,600,000        
Aggregate Intrinsic Value     $ 14,700,000        
Number of shares granted     325,000        
2012 President and COO Four-year Incentive Compensation [Member] | Jerome A. Peribere [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Shares issued based on completion of performance conditions 325,000            
Three-year PSU Awards [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Performance Period     3 years        
Fair value of shares granted     $ 14,300,000 $ 20,100,000 $ 5,900,000    
Three-year PSU Awards [Member] | Minimum [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Shares to be issued as percentage of target shares under performance incentive plan     0.00%        
Three-year PSU Awards [Member] | Maximum [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Shares to be issued as percentage of target shares under performance incentive plan     200.00%        
2014 Three-year PSU Awards [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Weighted average return on total shareholders     35.00%        
Target level for the determination of performance goals and measures for adjusted EBITDA goal     65.00%        
2014 Three-year PSU Awards [Member] | 2005 Contingent Stock Plan [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Shares granted             140,155
2015 Three-year PSU Awards [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Weighted average return on total shareholders     35.00%        
Target level for the determination of performance goals and measures for adjusted EBITDA goal     65.00%        
Unrecognized compensation expense     $ 3,000,000        
Weighted-average remaining contractual life     1 year        
2016 Three-year PSU Awards [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Weighted average return on total shareholders     50.00%        
Target level for the determination of performance goals and measures for adjusted EBITDA goal     50.00%        
Unrecognized compensation expense     $ 7,700,000        
Weighted-average remaining contractual life     2 years        
PSUs – Total Shareholder Return [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Target level for the determination of performance goals and measures     100.00%        
Number of shares granted     124,755 65,796 129,150    
Weighted average grant date fair value     $ 57.14 $ 59.91 $ 43.13    
Expected price volatility     26.50% 29.90% 32.90%    
Risk-free interest rate     0.98% 1.05% 0.63%    
Restricted Stock [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Fair value of shares granted     $ 10,000,000 $ 10,200,000 $ 7,600,000    
Unrecognized compensation expense     $ 22,900,000        
Weighted-average remaining contractual life     1 year 2 months 12 days        
Restricted Stock [Member] | 2005 Contingent Stock Plan [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Shares expected to be issued           25,000  
Restricted Stock [Member] | 2015 Annual Incentive Plan [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Number of shares granted     81,614        
2014 Special PSU Awards [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
PSU awards performance period     3 years        
Percentage of reduction in amount earned based on free cash flow performance     25.00%        
PSUs earned will be paid out in equal installments     2 years        
Number of shares granted     641,480        
Weighted average grant date fair value     $ 32.10        
Expected price volatility     32.90%        
Risk-free interest rate     0.68%        
PSUs remain unvested     376,047        
Unrecognized compensation expense     $ 6,000,000        
Weighted-average remaining contractual life     1 year        
Liabilities Current     $ 6,600,000        
TSR [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Number of shares granted     213,827        
Weighted average grant date fair value     $ 13.73        
SLO Awards [Member]              
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]              
Incremental cash bonus     25.00%        
Share Based Compensation Stock Award Premium     25.00%        
Restricted stock shares and restricted stock units included in SLO Award target     49,071        
Share-based incentive compensation     $ 2,500,000 $ 3,700,000 $ 4,600,000    
[1] As of January 1, 2016, we have adopted ASU 2015-03 and ASU 2015-15 with retrospective application. This resulted in a reclassification from other non-current assets to long-term debt, less current portion for debt issuance costs as of December 31, 2015. Refer to Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to the Consolidated Financial Statements for further details.
[2] Property and equipment, net, and other non-current liabilities as of December 31, 2015, have been revised to properly reflect asset retirement obligations. This resulted in an increase to property and equipment, net and other non-current liabilities of $15.0 million. Certain amounts related to external payment terms were misclassified in the Consolidated Balance Sheet. The revision of this item resulted in a decrease in accounts payable and an increase in short-term borrowings of $6.3 million as of December 31, 2015. Additionally, due to changes in the accounting treatment of a factoring agreement the Company reclassified $6.7 million from cash and cash equivalents to other receivables. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] Certain amounts related to external payment terms were misclassified in the Consolidated Balance Sheet as of December 31, 2015 and 2014. The revision of this item resulted in a decrease in accounts payable and an increase in short-term borrowings in each year. Additionally, due to changes in the accounting treatment of a factoring agreement the Company reclassified amounts from cash and cash equivalents to other receivables for the years ended December 31, 2015 and 2014. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[4] During the first quarter of 2015, the Company received the tax refund of $235.2 million related to the Settlement agreement payment. During the first quarter of 2014, we used $929.7 million of cash to fund the cash portion of the Settlement agreement and related accrued interest. We recorded an excess tax benefit of $46.2 million as an out-of-period adjustment in December 2015 and $37.7 million in December 2014 related to the 18 million shares of Common Stock issued in connection with the Settlement agreement. See Note 16 “Income Taxes” of the Notes to Consolidated Financial Statements for further discussion of the out-of-period adjustment.
[5] Interest payments in 2014 include $416.6 million related to the Settlement agreement.