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Share-Based Compensation (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Share-based Compensation |
Schedule of service phantom interest and performance phantom interest values |
|  | March 31, 2011 |
--- | --- | --- | ---
Service Phantom interest (per point) |  | $ | 13.14 |
Performance Phantom interest (per point) |  | $ | 22.62 |
Long-Term Incentive Plan |
Share-based Compensation |
Summary of the status of non-vested shares |
|  | Shares |  | Weighted- Average Grant-Date Fair Value |
--- | --- | --- | --- | --- | ---
Non-vested at January 1, 2012 |  |  | 1,634,154 |  | $ | 14.61 |
Granted |  |  | 44,662 |  |  | 21.57 |
Vested |  |  | — |  |  | — |
Forfeited |  |  | (19,333 | ) |  | 10.21 |
Non-vested at March 31, 2012 |  |  | 1,659,483 |  | $ | 14.73 |
CALLC and CALLC II |
Share-based Compensation |
Schedule of significant assumption used in the valuation of the Units |
|  | March 31, 2011
--- | --- | ---
Estimated forfeiture rate |  | None
Derived Service Period |  | Based on forfeiture schedule
Estimated fair value (per unit) |  | $2.82
Marketability and minority interest discount |  | 5.0%
Volatility |  | 47.0%
CALLC, CALLC II and CALLC III |
Share-based Compensation |
Schedule of key information for share-based compensation plans related to override units |
Award Type |  | Benchmark Value (per Unit) |  | Original Awards Issued |  | Grant Date |  | Compensation Expense Increase (Decrease) for the Three Months Ended March 31, 2011 |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  |  |  |  |  |  |  | (in thousands) |
Override Value Units(a) |  | $ | 11.31 |  |  | 1,839,265 |  | June 2005 |  |  | 4,987 |
Override Value Units(b) |  | $ | 34.72 |  |  | 144,966 |  | December 2006 |  |  | 515 |
Override Units(c) |  | $ | 10.00 |  |  | 642,219 |  | February 2008 |  |  | 135 |
Total |  |  |  |  |  |  |  |  |  | $ | 5,637 |
Override Value Units | CALLC and CALLC II |
Share-based Compensation |
Schedule of significant assumption used in the valuation of the Units |
|  | (a) Override Value Units March 31, 2011 |  | (b) Override Value Units March 31, 2011
--- | --- | --- | --- | ---
Estimated forfeiture rate |  | None |  | None
Derived service period |  | 6 years |  | 6 years
CVR closing stock price |  | $23.16 |  | $23.16
Estimated weighted-average fair value (per unit) |  | $22.61 |  | $13.70
Marketability and minority interest discounts |  | 5.0% |  | 5.0%
Volatility |  | 47.1% |  | 47.1%
(c) Override Units—Using a probability-weighted expected return method which utilized CALLC III's cash flow projections and included expected future earnings and the anticipated timing of IDRs, the estimated grant date fair value of the override units was approximately $3,000. As a non-contributing investor, CVR also recognized income equal to the amount that its interest in the investee's net book value has increased (that is its percentage share of the contributed capital recognized by the investee) as a result of the disproportionate funding of the compensation cost. Of the 642,219 units issued, 109,720 were immediately vested upon issuance and the remaining units are subject to a forfeiture schedule.
CVR Partners' Long-Term Incentive Plan |
Share-based Compensation |
Summary of the status of non-vested shares |
|  | Units |  | Weighted- Average Grant Date Fair Value |
--- | --- | --- | --- | --- | ---
|  | (in thousands) |
Non-vested at January 1, 2012 |  |  | 164,571 |  | $ | 22.99 |
Granted |  |  | — |  |  | — |
Vested |  |  | — |  |  | — |
Forfeited |  |  | — |  |  | — |
Non-vested at March 31, 2012 |  |  | 164,571 |  | $ | 22.99 |

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- Definition Tabular disclosure of key information for share-based compensation plans related to override units. + References No definition available. + Details
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- Definition Tabular disclosure of the values of phantom units under stock based compensation plans. + References No definition available. + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of share-based compensation plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 718 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (c)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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