XML 61 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Share-Based Payments | 3 Months Ended
--- | ---
Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share-Based Payments | Note 11 – Share-Based Payments On September 23, 2009, the Company’s board of directors approved the Apollo Commercial Real Estate Finance, Inc., 2009 Equity Incentive Plan (the “LTIP”). The LTIP provides for grants of restricted common stock, restricted stock units (“RSUs”) and other equity-based awards up to an aggregate of 7.5% of the issued and outstanding shares of the Company’s common stock (on a fully diluted basis). The LTIP is administered by the compensation committee of the Company’s board of directors (the “Compensation Committee”) and all grants under the LTIP must be approved by the Compensation Committee. The Company recognized stock-based compensation expense of $883 and $1,083 for the three months ended March 31, 2013 and 2012, respectively, related to restricted stock and RSU vesting. The following table summarizes the grants of RSUs during the three months ended March 31, 2013:
Type |  | Date |  |  | Shares |  |  | RSUs |  |  | Estimate Fair Value on Grant Date |  |  | Initial Vesting |  |  | Final Vesting |
Grant |  |  | February 2013 |  |  |  | 20,000 |  |  |  | — |  |  | $ | 352 |  |  |  | December 2013 |  |  |  | December 2015 |
Grant |  |  | February 2013 |  |  |  | — |  |  |  | 180,000 |  |  | $ | 3,166 |  |  |  | December 2013 |  |  |  | December 2015 |
Total |  |  |  |  |  |  | 20,000 |  |  |  | 180,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Below is a summary of expected restricted common stock and RSU vesting dates as of March 31, 2013.
Vesting Date |  | Shares Vesting |  |  | RSU Vesting |  |  | Total Awards |
April 2013 |  |  | 2,505 |  |  |  | 834 |  |  |  | 3,339 |
July 2013 |  |  | 3,273 |  |  |  | 834 |  |  |  | 4,107 |
October 2013 |  |  | 1,189 |  |  |  | 416 |  |  |  | 1,605 |
December 2013 |  |  | 6,664 |  |  |  | 59,993 |  |  |  | 66,657 |
January 2014 |  |  | 1,564 |  |  |  | 93,335 |  |  |  | 94,899 |
March 2014 |  |  | — |  |  |  | 6,667 |  |  |  | 6,667 |
April 2014 |  |  | 1,568 |  |  |  | 417 |  |  |  | 1,985 |
July 2014 |  |  | 2,100 |  |  |  | — |  |  |  | 2,100 |
December 2014 |  |  | 6,668 |  |  |  | 59,999 |  |  |  | 66,667 |
January 2015 |  |  | 796 |  |  |  | — |  |  |  | 796 |
March 2015 |  |  | — |  |  |  | 6,667 |  |  |  | 6,667 |
April 2015 |  |  | 800 |  |  |  | — |  |  |  | 800 |
July 2015 |  |  | 500 |  |  |  | — |  |  |  | 500 |
December 2015 |  |  | 6,668 |  |  |  | 60,008 |  |  |  | 66,676 |
|  |  | 34,295 |  |  |  | 289,170 |  |  |  | 323,465 |

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration