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Equity-Based compensation (Tables) | 12 Months Ended
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Dec. 31, 2014
Equity-Based Compensation |
Summary of Equity-Based Compensation Expense | The following table summarizes the compensation expense included in Selling, general and administrative expenses in the Consolidated Statements of Earnings (Loss) related to equity-based compensation plans:
|  | For the Year Ended December 31, |
($ in thousands) |  | 2014 |  | 2013 |  | 2012 |
Service-Based RSUs |  | $ | 1,771 |  | $ | 2,879 |  | $ | 2,939 |
Performance-Based RSUs |  |  | 479 |  |  | 674 |  |  | 242 |
Market-Based RSUs |  |  | 410 |  |  | 666 |  |  | 918 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 2,660 |  | $ | 4,219 |  | $ | 4,099 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax benefit |  | $ | 1,000 |  | $ | 1,600 |  | $ | 1,600 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of Unrecognized Equity-Based Compensation Expense | The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:
($ in thousands) |  | Unrecognized compensation expense at December 31, 2014 |  | Weighted- average period
Service-Based RSUs |  | $ | 1,106 |  | 1.3 years
Performance-Based RSUs |  |  | 875 |  | 1.4 years
Market-Based RSUs |  |  | 634 |  | 1.3 years
​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 2,615 |  |
​ | ​ | ​ | ​ | ​ | ​
Summary of Status of Equity-Based Compensation Plans | The following table summarizes the status of these plans as of December 31, 2014:
|  | 2014 Plan |  | 2009 Plan |  | 2004 Plan |  | 2001 Plan |
Awards originally available |  |  | 1,500,000 |  |  | 3,400,000 |  |  | 6,500,000 |  |  | 2,000,000 |
Stock options outstanding |  |  | — |  |  | — |  |  | 5,200 |  |  | — |
RSUs outstanding |  |  | 42,300 |  |  | 374,442 |  |  | 101,223 |  |  | — |
Options exercisable |  |  | — |  |  | — |  |  | 5,200 |  |  | — |
Awards available for grant |  |  | 1,457,700 |  |  | 1,616,398 |  |  | 106,423 |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of Changes of Stock Options | A summary of the status of stock options as of December 31, 2014, and changes during the year then ended, is presented below:
|  | Year Ended |
|  | December 31, 2014 |
|  | Options |  | Weighted- Average Exercise Price |
Outstanding at beginning of year |  |  | 123,000 |  | $ | 12.78 |
Exercised |  |  | (115,100 | ) | $ | 12.84 |
Expired |  |  | (2,700 | ) | $ | 11.04 |
Forfeited |  |  | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at end of period |  |  | 5,200 |  | $ | 12.35 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercisable at end of period |  |  | 5,200 |  | $ | 12.35 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of Status of Stock Options |
|  | Year Ended |
|  | December 31, 2014 |
Intrinsic values of stock options exercised |  | $ | 831,000 |
Weighted average remaining contractual life |  |  | 0.9 years |
Aggregate intrinsic values of options outstanding and options exercisable |  | $ | 29,000 |
​ | ​ | ​ | ​ | ​
Summary of Service-Based Restricted Stock Units | A summary of the status of RSUs is presented below:
|  | Units |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2014 |  |  | 630,288 |  | $ | 10.36 |  |  |  |  |  |
Granted |  |  | 259,315 |  |  | 9.00 |  |  |  |  |  |
Converted |  |  | (289,677 | ) |  | 5.68 |  |  |  |  |  |
Forfeited |  |  | (81,961 | ) |  | 11.86 |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at December 31, 2014 |  |  | 517,965 |  | $ | 12.06 |  | 11.1 years |  | $ | 9,235,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Convertible at December 31, 2014 |  |  | 283,823 |  | $ | 10.07 |  | 19.2 years |  | $ | 5,061,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of Weighted Average Grant Date Fair Value and Intrinsic Value of RSU's |
|  | For the Year Ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
Weighted average grant date fair value |  | $ | 9.00 |  | $ | 10.97 |  | $ | 9.83 |
Intrinsic value of RSUs converted |  | $ | 5,670,000 |  | $ | 4,535,000 |  | $ | 2,700,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of Changes of Nonvested RSU's | A summary of the nonvested RSUs is presented below:
|  | RSUs |  | Weighted Average Grant Date Fair Value |
Nonvested at January 1, 2014 |  |  | 369,565 |  | $ | 11.05 |
Granted |  |  | 259,315 |  |  | 9.00 |
Vested |  |  | (312,777 | ) |  | 6.57 |
Forfeited |  |  | (81,961 | ) |  | 11.86 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nonvested at December 31, 2014 |  |  | 234,142 |  |  | 14.48 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of Fair Value of Restricted Stock Units Vested |
|  | Year Ended December 31, |
($ in thousands) |  | 2014 |  | 2013 |  | 2012 |
Fair value of RSUs vested |  | $ | 2,055 |  | $ | 3,700 |  | $ | 2,600 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of Components of Performance-Based RSU's | Performance-Based RSUs include the following components:
Grant Date |  | Target Units |  | Vesting Year |  | Vesting Dependency |  | Units Awarded |
February 8, 2012 |  |  | 45,850 |  |  | 2014 |  | Sales growth |  |  | — |
February 8, 2012 |  |  | 39,300 |  |  | 2014 |  | Cash flow |  |  | 69,600 |
February 11, 2013 |  |  | 77,700 |  |  | 2016 |  | Sales growth |  |  | — |
February 11, 2013 |  |  | 66,600 |  |  | 2016 |  | Cash flow |  |  | — |
February 14, 2014 |  |  | 25,085 |  |  | 2017 |  | Sales growth |  |  | — |
February 14, 2014 |  |  | 21,500 |  |  | 2017 |  | Cash flow |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of Components of Market-Based RSU's | Market-Based RSUs include the following components:
Grant Date |  | Target Units |  | Vesting Year |  | Number of Peer Group Companies |  | Units Awarded |
February 8, 2012 |  |  | 45,850 |  |  | 2014 |  |  | 28 |  |  | 63,800 |
February 11, 2013 |  |  | 77,700 |  |  | 2016 |  |  | 20 |  |  | — |
February 11, 2013 |  |  | 32,500 |  |  | 2016 |  |  | 20 |  |  | — |
February 14, 2014 |  |  | 25,085 |  |  | 2017 |  |  | 15 |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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