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Share-based compensation (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of management and director options activity
The management and director options activity for the six months ended June 30, 2014 and the year ended December 31, 2013 were as follows:
 
Number of
options
 
Weighted
average exercise
price
Balance as of January 1, 2013
10,956,838

 
$
13.20

Granted - employees
348,836

 
14.09

Granted - directors

 

Forfeited
(324,599
)
 
13.20

Exercised

 

Balance as of December 31, 2013
10,981,075

 
13.23

Granted - employees
348,836

 
18.25

Granted - directors

 

Forfeited

 

Exercised

 

Balance as of June 30, 2014
11,329,911

 
$
13.38

Schedule of management and director options outstanding
The following table summarizes information about the Company’s management and director share options outstanding as of June 30, 2014:
 
Options outstanding
Options exercisable
Range of exercise prices
Number of
options
 
Weighted
average
exercise price
 
Number of
options
 
Weighted
average
exercise price
$10.00-$10.89
6,588,647

 
$10.03
 
2,346,787

 
$10.02
$15.05-$16.89
2,405,516

 
$15.94
 
782,262

 
$16.02
$20.00-$25.05
2,335,748

 
$20.21
 
782,262

 
$20.02
 
11,329,911

 
$13.38
 
3,911,311

 
$13.22
Schedule of restricted share award activity
Restricted share award activity for the six months ended June 30, 2014 and year ended December 31, 2013 was as follows:
 
Number of non-
vested restricted
shares
 
Weighted
average grant
date fair value
Balance as of January 1, 2013
619,300

 
$
10.00

Granted
37,856

 
15.22

Forfeited

 

Vested

 

Balance as of December 31, 2013
657,156

 
10.25

Granted
9,614

 
15.29

Forfeited

 

Vested

 

Balance as of June 30, 2014
666,770

 
$
10.37