v3.2.0.727

Stock-Based Compensation | 6 Months Ended
--- | ---
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-Based Compensation | Stock-Based Compensation Equity Classified Share-Based Awards Stock-based compensation expense recognized for our equity classified share-based awards was $7 million and $8 million for the three months ended June 30, 2015 and 2014, respectively, and $16 million and $17 million for the six months ended June 30, 2015 and 2014, respectively. We did not record any significant tax benefits related to stock-based compensation expense in any period as we are not benefiting from a significant portion of our deferred tax assets, including deductions related to stock-based compensation expense. In addition, we did not capitalize any stock-based compensation expense as part of the cost of an asset for the six months ended June 30, 2015 and 2014. At June 30, 2015, there was unrecognized compensation cost of $38 million related to restricted stock which is expected to be recognized over a weighted average period of 1.5 years. A summary of our restricted stock and restricted stock unit activity for the Calpine Equity Incentive Plans for the six months ended June 30, 2015, is as follows:
| Number of Restricted Stock Awards |  | Weighted Average Grant-Date Fair Value
Nonvested — December 31, 2014 | 4,201,868 |  |  | $ | 18.01 |
Granted | 1,572,761 |  |  | $ | 21.42 |
Forfeited | 157,807 |  |  | $ | 19.40 |
Vested | 1,577,169 |  |  | $ | 16.52 |
Nonvested — June 30, 2015 | 4,039,653 |  |  | $ | 19.86 |
The total fair value of our restricted stock and restricted stock units that vested during the six months ended June 30, 2015 and 2014 was approximately $33 million and $30 million, respectively. Liability Classified Share-Based Awards Performance share units granted under the Equity Plan are settled in cash with payouts based on the relative performance of Calpine’s TSR over a three-year performance period compared with the TSR performance of the S&P 500 companies over the same period. The performance share units vest on the last day of the performance period and will be settled in cash; thus, these awards are classified as a liability and measured at fair value using a Monte Carlo simulation model at each reporting date until settlement. Stock-based compensation expense recognized related to our liability classified share-based awards was $(6) million and $4 million for the three months ended June 30, 2015 and 2014, respectively, and $(4) million and $5 million for the six months ended June 30, 2015 and 2014, respectively. A summary of our performance share unit activity for the six months ended June 30, 2015, is as follows:
| Number of Performance Share Units |  | Weighted Average Grant-Date Fair Value
Nonvested — December 31, 2014 | 867,479 |  |  | $ | 21.93 |
Granted | 365,667 |  |  | $ | 23.91 |
Forfeited | 45,654 |  |  | $ | 22.09 |
Vested(1) | 8,254 |  |  | $ | 22.56 |
Nonvested — June 30, 2015 | 1,179,238 |  |  | $ | 22.53 |
___________
(1) | In accordance with the applicable performance share unit agreements, performance share units granted to employees who meet the retirement eligibility requirements stipulated in the Equity Plan are fully vested upon the later of the date on which the employee becomes eligible to retire or one-year anniversary of the grant date.
For a further discussion of the Calpine Equity Incentive Plans, see Note 12 in our 2014 Form 10-K.

X
- 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 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: 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=51659978&loc=d3e25284-112666 Reference 3: 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 4: 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 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
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration