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2312301 - Disclosure - Stock Options and Restricted Stock (Tables)
(http://www.aarons.com/role/StockOptionsAndRestrictedStockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000706688 (http://www.sec.gov/CIK)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Stock Options, Valuation Assumptions
The weighted-average fair value of options granted in 2016, 2015 and 2014 and the weighted-average assumptions used in the Black-Scholes-Merton option pricing model for such grants were as follows:
 
2016
2015
2014
Dividend Yield
0.4
%
0.3
%
0.3
%
Expected Volatility
34.2
%
28.9
%
31.9
%
Risk-free Interest Rate
1.3
%
1.6
%
1.9
%
Expected Term (in years)
5.3

5.2

6.2

Weighted-average Fair Value of Stock Options Granted
$
7.10

$
8.41

$
9.61

  
Summary Information about Stock Options Outstanding
The following table summarizes information about stock options outstanding at December 31, 2016:
 
Options Outstanding
 
Options Exercisable
Range of Exercise
Prices
Number Outstanding
December 31, 2016
 
Weighted Average Remaining Contractual
Life
(in Years)
 
Weighted Average
Exercise Price
 
Number Exercisable
December 31, 2016
 
Weighted Average
Exercise Price
$10.01-15.00
167

 
1.79
 
$
14.11

 
167

 
$
14.11

  15.01-20.00
66

 
3.15
 
19.92

 
66

 
19.92

  20.01-25.00
623

 
9.14
 
22.67

 
—

 
—

  25.01-30.00
356

 
7.91
 
28.20

 
199

 
28.13

  30.01-32.20
195

 
7.98
 
31.95

 
58

 
32.20

  10.01-32.20
1,407

 
7.52
 
24.21

 
490

 
22.73

  
Summary of Stock Option Activity
The table below summarizes option activity for the year ended December 31, 2016:
 
Options
(In Thousands)
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining
Contractual Term
(in Years)
 
Aggregate
Intrinsic Value
(in Thousands)
 
Weighted
Average Fair
Value
Outstanding at January 1, 2016
872

 
$
25.05

 
 
 
 
 
 
Granted
634

 
22.64

 
 
 
 
 
 
Exercised
(35
)
 
15.47

 
 
 
 
 
 
Forfeited/expired
(64
)
 
24.96

 
 
 
 
 
 
Outstanding at December 31, 2016
1,407

 
24.21

 
7.52
 
$
10,945

 
$
7.81

Expected to Vest at December 31, 2016
818

 
25.01

 
8.75
 
5,710

 
7.77

Exercisable at December 31, 2016
490

 
22.73

 
5.21
 
4,541

 
7.92

  
Summary of Restricted Stock Activity
The following table summarizes information about restricted stock activity during 2016:
 
Restricted Stock
(In Thousands)
 
Weighted Average
Fair Value
Non-vested at January 1, 2016
821

 
$
29.77

Granted
379

 
22.81

Vested
(158
)
 
30.01

Forfeited
(89
)
 
27.61

Non-vested at December 31, 2016
953

 
27.45


  
Summary of Performance Share Units
The following table summarizes information about performance share unit activity during 2016:
 
Performance Share Units
(In Thousands)
 
Weighted Average
Fair Value
Non-vested at January 1, 2016
345

 
$
32.80

Granted
530

 
23.19

Vested
(139
)
 
32.39

Forfeited/unearned
(43
)
 
24.59

Non-vested at December 31, 2016
693

 
25.67