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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
SHARE-BASED COMPENSATION  
Schedule of assumptions used to estimate the fair value of stock options granted

                                                                                                                                                                                    

 

 

2012

 

2013

 

2014

 

Risk free rate

 

 

3.15 

%

 

2.47 

%

 

 

Volatility ratio

 

 

78.79 

%

 

89.60 

%

 

 

Dividend yield

 

 

 

 

 

 

 

Annual exit rate

 

 

3.49 

%

 

3.58 

%

 

 

Exercise multiple

 

 

4.40 

 

 

4.10 

 

 

 

 

Summary of the option activity

                                                                                                                                                                                    

 

 

Number
of Options

 

Weighted
Average Exercise Price

 

Weighted
Average Remaining Contract Terms

 

Aggregate
Intrinsic Value

 

 

 

 

 

$

 

 

 

$

 

Options outstanding at January 1, 2014

 

 

1,176,860

 

 

11.73

 

6 years

 

 

22,405,886

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(307,810

)

 

10.62

 

 

 

 

 

 

Forfeited

 

 

(22,937

)

 

8.85

 

 

 

 

 

 

​  

​  

Options outstanding at December 31, 2014

 

 

846,113

 

 

12.21

 

5 years

 

 

11,793,938

 

​  

​  

Options vested or expected to be vested at December 31, 2014

 

 

822,866

 

 

12.25

 

4 years

 

 

11,476,756

 

​  

​  

Options exercisable at December 31, 2014

 

 

739,676

 

 

12.59

 

4 years

 

 

10,236,165

 

​  

​  

 

Summary of the RSU activity

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted Average
Grant-Date
Fair Value

 

 

 

 

 

$

 

Unvested at January 1, 2014

 

 

2,077,640

 

 

4.32

 

Granted

 

 

283,862

 

 

27.57

 

Vested

 

 

(625,003

)

 

4.70

 

Forfeited

 

 

(126,280

)

 

5.60

 

​  

​  

​  

​  

Unvested at December 31, 2014

 

 

1,610,219

 

 

7.76

 

​  

​  

​  

​  

​  

​  

​  

​  

​