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Stock Options (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair Value Assumptions on Stock Options
For the three months ended March 31, 2016, the fair value of stock option awards was estimated using the Black-Scholes option pricing model with the following assumptions and weighted-average fair values:
 
 
 
Three Months Ended
 
 
March 31, 2016
Weighted-average fair value of grant
 
$
4.53

Risk-free interest rate
 
1.29
%
Expected volatility
 
51.30
%
Expected life of options in years
 
4.90

Expected dividend yield
 

Summary of Stock Option Activity
A summary of stock option activity for the three months ended March 31, 2017 follows (shares in thousands):
 
Options
 
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2016
 
2,099

 
$
25.41

 
 
 
 
Granted
 

 

 
 
 
 
Exercised
 

 

 
 
 
 
Forfeited and expired
 
(290
)
 
19.87

 
 
 
 
Outstanding at March 31, 2017
 
1,809

 
26.30

 
2.33
 
$
0.1

Expected to vest at March 31, 2017
 
221

 
22.56

 
4.29
 

Exercisable at March 31, 2017
 
1,579

 
26.85

 
2.05
 

Summary of Restricted Stock Unit Activity
A summary of restricted stock unit activity for the three months ended March 31, 2017 follows (shares in thousands):
 
 
 
Restricted
Stock
Units
 
Weighted-
Average
Grant-Date
Fair Value
Outstanding at December 31, 2016
 
1,454

 
$
12.68

Granted
 
949

 
14.10

Vested
 
(469
)
 
13.41

Forfeited and expired
 
(42
)
 
13.43

Outstanding at March 31, 2017
 
1,892

 
13.28