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Share-Based Payments | 3 Months Ended
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Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-Based Payments | 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 $426 and $883 for the three months ended March 31, 2014 and 2013, respectively, related to restricted stock and RSU vesting. The following table summarizes the grants, exchanges and forfeitures of restricted common stock and RSUs during the three months ended March 31, 2014:
| Type | Date |  | Restricted Stock |  | RSUs |  | Estimate Fair Value on Grant Date |  | Initial Vesting |  | Final Vesting
Outstanding at December 31, 2013 |  | 208,416 |  |  | 503,750 |  |  |  |  |  |  |
| Canceled upon delivery | January 2014 |  | — |  |  | (288,750 | ) |  | n/a |  | n/a |  | n/a
Outstanding at March 31, 2014 |  | 208,416 |  |  | 215,000 |  |  |  |  |  |  |
Below is a summary of expected restricted common stock and RSU vesting dates as of March 31, 2014.
Vesting Date | Shares Vesting |  | RSU Vesting |  | Total Awards
April 2014 | 2,925 |  |  | 417 |  |  | 3,342 |
July 2014 | 2,157 |  |  | — |  |  | 2,157 |
July 2014 | 500 |  |  | — |  |  | 500 |
October 2014 | 2,153 |  |  | — |  |  | 2,153 |
December 2014 | 6,668 |  |  | 63,332 |  |  | 70,000 |
January 2015 | 2,160 |  |  | — |  |  | 2,160 |
March 2015 | — |  |  | 6,667 |  |  | 6,667 |
April 2015 | 2,161 |  |  | — |  |  | 2,161 |
July 2015 | 1,361 |  |  | — |  |  | 1,361 |
July 2015 | 500 |  |  | — |  |  | 500 |
October 2015 | 1,361 |  |  | — |  |  | 1,361 |
December 2015 | 6,668 |  |  | 63,341 |  |  | 70,009 |
January 2016 | 1,360 |  |  | — |  |  | 1,360 |
April 2016 | 1,361 |  |  | — |  |  | 1,361 |
July 2016 | 417 |  |  | — |  |  | 417 |
October 2016 | 416 |  |  | — |  |  | 416 |
| 32,168 |  |  | 133,757 |  |  | 165,925 |
At March 31, 2014, the Company had unrecognized compensation expense of approximately $482 and $2,135, respectively, related to the vesting of restricted stock awards and RSUs noted in the table above. RSU Deliveries During the three months ended March 31, 2014, the Company delivered 237,008 shares of common stock for 288,750 vested RSUs. The Company allows RSU participants to settle their tax liabilities with a reduction of their share delivery from the originally granted and vested RSUs. The amount, when agreed to by the participant, results in a cash payment to the Manager related to this tax liability and a corresponding adjustment to additional paid in capital on the consolidated statement of changes in stockholders' equity. The adjustment was $847 for three months ended March 31, 2014, and is included as a component of the capital decrease related to the Company's equity incentive plan in the consolidated statement of changes in stockholders’ equity.

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- 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 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 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 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: 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 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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