Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Valuation Assumptions
Assumptions used to measure fair value of PSAs granted were as follows:
Risk-free rate of return
 
0.8
%
Expected volatility
 
36.2
%
Dividend yield
 

Grant date stock price per share
 
$13.51
Summary of Performance Share Activity
The following table summarizes activity related to the PSAs, PSUs, and RSUs:
 
 
Non-Vested PSAs and PSUs
 
Non-Vested RSUs
 
 
Number of Shares (in thousands)
 
Weighted Average Grant-Date Fair Value (per share)
 
Number of Shares (in thousands)
 
Weighted Average Grant-Date Fair Value (per share)
Converted on April 1, 2016
 
52.4

 
$
14.60

 
363.4

 
$
14.75

Granted
 
930.5

 
12.73

 
118.0

 
13.73

Vested
 

 

 
(83.8
)
 
14.23

Forfeited
 
(181.0
)
 
12.61

 
(34.8
)
 
14.77

December 31, 2016
 
801.9

 
12.88

 
362.8

 
14.56

Schedule of Restricted Stock Unit Award Activity
The following table summarizes activity related to the PSAs, PSUs, and RSUs:
 
 
Non-Vested PSAs and PSUs
 
Non-Vested RSUs
 
 
Number of Shares (in thousands)
 
Weighted Average Grant-Date Fair Value (per share)
 
Number of Shares (in thousands)
 
Weighted Average Grant-Date Fair Value (per share)
Converted on April 1, 2016
 
52.4

 
$
14.60

 
363.4

 
$
14.75

Granted
 
930.5

 
12.73

 
118.0

 
13.73

Vested
 

 

 
(83.8
)
 
14.23

Forfeited
 
(181.0
)
 
12.61

 
(34.8
)
 
14.77

December 31, 2016
 
801.9

 
12.88

 
362.8

 
14.56

Schedule of Stock Option Activity
The following table summarizes information about AFI's modified stock options:
 
 
Number of Shares (in thousands)
 
Weighted Average Exercise Price (per share)
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
Converted on April 1, 2016
 
684.8

 
$
12.84

 
 
 
 
Exercised
 
(28.6
)
 
11.17

 
 
 
$
0.2

Forfeited
 
(17.1
)
 
14.55

 
 
 
 
Outstanding December 31, 2016
 
639.1

 
12.87

 
5.2
 
4.5

Options exercisable
 
581.4

 
12.70

 
5.0
 
4.2

Options expected to vest
 
57.1

 
14.59

 
7.0
 
0.3

Summary of Stock-based Compensation and Related Tax Effects
Total stock-based compensation expense included in the Consolidated Statements of Operations and Comprehensive Income (Loss) and the related tax effects are presented in the table below:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Stock-based compensation expense
$
6.7

 
$
6.1

 
$
5.9

Income tax benefit
2.5

 
2.1

 
2.0