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Share-Based Payments | 12 Months Ended
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Dec. 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 $1,576, $3,488 and $3,624 during 2014, 2013 and 2012, respectively, related to restricted stock and RSU vesting. The fair value of restricted stock that vested during 2014, 2013 and 2012 was $445, $293 and $717, respectively. The fair value of RSUs that vested during 2014, 2013 and 2012 was $2,729, $2,854 and $1,916, respectively. The following table summarizes the grants, exchanges and forfeitures of restricted common stock and RSUs during 2014, 2013 and 2012:
| Type | Date |  | Restricted Stock |  | RSUs |  | Estimate Fair Value on Grant Date |  | Initial Vesting |  | Final Vesting
Outstanding at January 1, 2012 |  |  | 161,032 |  |  | 402,709 |  |  |  |  |  |  |
| Forfeiture | February 2012 |  | — |  |  | (1,875 | ) |  | n/a |  |  | n/a |  | n/a
| Grant | March 2012 |  | — |  |  | 20,000 |  |  | 310 |  |  | March 2013 |  | March 2015
| Grant | April 2012 |  | 9,584 |  |  | — |  |  | 150 |  |  | July 2012 |  | April 2015
| Grant | August 2012 |  | 1,496 |  |  | — |  |  | 25 |  |  | July 2013 |  | July 2015
| Canceled upon delivery | October 2012 |  | — |  |  | (112,084 | ) |  | n/a |  |  | n/a |  | n/a
| Grant | February 2013 |  | 20,000 |  |  | — |  |  | 352 |  |  | December 2013 |  | December 2015
| Grant | February 2013 |  | — |  |  | 180,000 |  |  | 3,166 |  |  | December 2013 |  | December 2015
| Grant | April 2013 |  | 11,304 |  |  | — |  |  | 200 |  |  | July 2013 |  | April 2016
| Grant | May 2013 |  | — |  |  | 15,000 |  |  | 264 |  |  | December 2013 |  | December 2015
| Forfeiture | June 2013 |  | — |  |  | (5,000 | ) |  | n/a |  |  | n/a |  | n/a
| Canceled upon delivery | July 2013 |  | — |  |  | (5,000 | ) |  | n/a |  |  | n/a |  | n/a
| Grant | September 2013 |  | — |  |  | 10,000 |  |  | 154 |  |  | September 2013 |  | September 2013
| Grant | November 2013 |  | 5,000 |  |  | — |  |  | 81 |  |  | December 2013 |  | October 2016
| Canceled upon delivery | January 2014 |  | — |  |  | (288,750 | ) |  | n/a |  |  | n/a |  | n/a
| Grant | April 2014 |  | 8,931 |  |  | — |  |  | 150 |  |  | July 2014 |  | April 2017
| Grant | April 2014 |  | 5,000 |  |  | — |  |  | 85 |  |  | July 2014 |  | April 2017
| Canceled upon delivery | April 2014 |  | — |  |  | (5,000 | ) |  | n/a |  |  | n/a |  | n/a
| Grant | June 2014 |  | — |  |  | 10,254 |  |  | 169 |  |  | December 2014 |  | December 2016
| Grant | December 2014 |  | 51,767 |  |  | — |  |  | 855 |  |  | December 2015 |  | December 2017
| Grant | December 2014 |  | — |  |  | 390,000 |  |  | 6,474 |  |  | December 2015 |  | December 2017
Outstanding at December 31, 2014 |  |  | 274,114 |  |  | 610,254 |  |  |  |  |  |  |
Below is a summary of restricted stock and RSU vesting dates as of December 31, 2014.
Vesting Date | Shares Vesting |  | RSU Vesting |  | Total Awards
January 2015 | 3,698 |  |  | — |  |  | 3,698 |
March 2015 | — |  |  | 6,667 |  |  | 6,667 |
April 2015 | 3,699 |  |  | — |  |  | 3,699 |
July 2015 | 3,300 |  |  | — |  |  | 3,300 |
July 2015 | 250 |  |  | — |  |  | 250 |
October 2015 | 3,300 |  |  | — |  |  | 3,300 |
December 2015 | 15,588 |  |  | 196,752 |  |  | 212,340 |
January 2016 | 3,299 |  |  | — |  |  | 3,299 |
April 2016 | 3,300 |  |  | — |  |  | 3,300 |
July 2016 | 2,828 |  |  | — |  |  | 2,828 |
October 2016 | 2,827 |  |  | — |  |  | 2,827 |
December 2016 | 12,255 |  |  | 133,417 |  |  | 145,672 |
January 2017 | 2,411 |  |  | — |  |  | 2,411 |
April 2017 | 2,414 |  |  | — |  |  | 2,414 |
July 2017 | 1,250 |  |  | — |  |  | 1,250 |
October 2017 | 1,250 |  |  | — |  |  | 1,250 |
December 2017 | 12,258 |  |  | 130,008 |  |  | 142,266 |
| 73,927 |  |  | 466,844 |  |  | 540,771 |
At December 31, 2014, the Company had unrecognized compensation expense of approximately $1,301 and $7,735, respectively, related to the vesting of restricted stock awards and RSUs noted in the table above. RSU Deliveries During 2014, 2013 and 2012, respectively, the Company delivered 240,277, 3,057 and 67,354 shares of common stock for 283,750, 5,000 and 112,084 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 adjustments were $876, $31 and $779 in 2014, 2013 and 2012, respectively, and are included as reductions of capital increase related to the Company's equity incentive plan in the consolidated statement of changes in shareholders’ 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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