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Stock Options (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair Value Assumptions on Stock Options
For the nine months ended September 30, 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:
 
 
 
Nine Months Ended
September 30, 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 nine months ended September 30, 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
 
(1
)
 
10.65

 
 
 
 
Forfeited and expired
 
(320
)
 
20.22

 
 
 
 
Outstanding at September 30, 2017
 
1,778

 
26.35

 
1.81
 
$

Expected to vest at September 30, 2017
 
204

 
22.93

 
3.70
 

Exercisable at September 30, 2017
 
1,571

 
26.80

 
1.56
 

Summary of Restricted Stock Unit Activity
A summary of restricted stock unit activity for the nine months ended September 30, 2017 follows (shares in thousands):
 
 
 
Restricted
Stock
Units
 
Weighted-
Average
Grant-Date
Fair Value
Outstanding at December 31, 2016
 
1,454

 
$
12.68

Granted
 
1,022

 
13.95

Vested
 
(549
)
 
13.28

Forfeited and expired
 
(216
)
 
11.73

Outstanding at September 30, 2017
 
1,711

 
13.44