Rendering

Component: (Network and Table)
Network
2308301 - Disclosure - Shareholders' Equity (Tables)
(http://www.americanhomes4rent.com/role/ShareholdersEquityTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Equity [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Equity [Abstract]
 
Noncontrolling Interest
The following table summarizes the activity that relates to the Company’s noncontrolling interest as reflected in the consolidated statements of operations for the years ended December 31, 2016, 2015 and 2014 (in thousands):
 
For the Years Ended December 31,
 
2016
 
2015
 
2014
Preferred income allocated to Series C convertible units
$
3,027

 
$
18,792

 
$
18,600

Net loss allocated to Class A units
(6,417
)
 
(4,282
)
 
(3,372
)
Net income allocated to Series D convertible units
134

 

 

Beneficial conversion feature related to conversion of Series D and E units
7,569

 

 

Net loss allocated to noncontrolling interests in certain consolidated subsidiaries
(562
)
 
(157
)
 
(263
)
Total noncontrolling interest
$
3,751

 
$
14,353

 
$
14,965

 
 
Summary of Stock Option Activity Under Plan
The following table summarizes stock option activity under the Plan for the years ended December 31, 2016, 2015 and 2014:
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Life (in years)
 
Aggregate Intrinsic Value (1) (in thousands)
Options outstanding at December 31, 2013
1,190,000

 
$
15.48

 
9.3
 
$
862

Granted
1,270,000

 
16.74

 
 
 
 

Exercised
(28,750
)
 
15.00

 
 
 
74

Forfeited
(266,250
)
 
15.88

 
 
 
 

Options outstanding at December 31, 2014
2,165,000

 
$
16.17

 
8.8
 
$
1,890

Granted
588,500

 
16.49

 
 
 
 

Exercised
(16,600
)
 
15.16

 
 
 
19

Forfeited
(252,500
)
 
16.57

 
 
 
 
Options outstanding at December 31, 2015
2,484,400

 
$
16.22

 
8.0
 
$
1,225

Granted
708,000

 
14.15

 
 
 
 
Exercised
(196,000
)
 
16.18

 
 
 
790

Forfeited
(169,900
)
 
16.38

 
 
 
 
Options outstanding at December 31, 2016
2,826,500

 
$
15.69

 
7.6
 
$
14,956

Options exercisable at December 31, 2016
1,245,375

 
$
15.94

 
6.7
 
$
6,276


(1)
Intrinsic value for activities other than exercises is defined as the difference between the grant price and the market value on the last trading day of the period for those stock options where the market value is greater than the exercise price. For exercises, intrinsic value is defined as the difference between the grant price and the market value on the date of exercise.
 
 
Summary of Black-Scholes Option Pricing Model Inputs Used for Valuation of Stock Options Outstanding
The following table summarizes the Black-Scholes Option Pricing Model inputs used for valuation of the stock options for Class A common shares issued during the years ended December 31, 2016, 2015 and 2014:
 
2016
 
2015
 
2014
Weighted-average fair value
$
2.82

 
$
4.57

 
$
5.06

Expected term (years)
7.0

 
7.0

 
7.0

Dividend yield
3.0
%
 
3.0
%
 
3.0
%
Volatility
27.3
%
 
35.9
%
 
38.5
%
Risk-free interest rate
1.5
%
 
1.9
%
 
2.2
%
 
 
Summary of Restricted Stock Units Activity Under Plan
The following table summarizes the activity that relates to the Company's restricted stock units under the Plan for the years ended December 31, 2016, 2015 and 2014:
 
2016
 
2015
 
2014
Restricted stock units at beginning of period
91,650

 
85,000

 

Units awarded
74,100

 
44,000

 
92,000

Units vested
(27,250
)
 
(22,000
)
 

Units forfeited
(8,350
)
 
(15,350
)
 
(7,000
)
Restricted stock units at end of the period
130,150

 
91,650

 
85,000