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Share-based compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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

Forfeited
(324,599
)
 
13.20

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

 
13.23

Granted - employees
348,836

 
18.25

Exercised
(60,000
)
 
10.00

Balance as of September 30, 2014
11,269,911

 
$
13.40

Schedule of management and director options outstanding
The following table summarizes information about the Company’s management and director share options outstanding as of September 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
6,528,647

 
$10.03
 
2,226,787

 
$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
 
11,269,911

 
$13.40
 
3,791,311

 
$13.22
Schedule of restricted share award activity
Restricted share award activity for the nine months ended September 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

Balance as of December 31, 2013
657,156

 
10.25

Granted
49,684

 
15.39

Balance as of September 30, 2014
706,840

 
$
10.66