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Component: (Network and Table)
Network
2317301 - Disclosure - Long-term Incentive Compensation Plans (Tables)
(http://www.abglobal.com/role/LongTermIncentiveCompensationPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation Related Costs [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation Related Costs [Abstract]
 
Schedule of Black-Scholes Option Assumptions Valuation Model
The weighted average fair value of options to buy AB Holding Units granted during 2016, 2015 and 2014 was $2.75, $4.13 and $4.78, respectively, on the date of grant, determined using the Black-Scholes option valuation model with the following assumptions:
 
2016
 
2015
 
2014
Risk-free interest rate
1.3
%
 
1.5
%
 
1.5
%
Expected cash distribution yield
7.1
%
 
7.1
%
 
8.4
%
Historical volatility factor
31.0
%
 
32.1
%
 
48.9
%
Expected term
6.0 years

 
6.0 years

 
6.0 years

 
 
Summary of Option Awards Activity
The activity in our option plan during 2016 is as follows:
 
Options to Buy
AB Holding
Units
 
Weighted
Average
Exercise 
Price
Per Option
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2015
5,398,471

 
$
47.59

 
2.9
 
 
Granted
54,546

 
22.64

 
 
 
 
Exercised
(358,262
)
 
17.05

 
 
 
 
Forfeited
—

 
—

 
 
 
 
Expired
(9,712
)
 
65.02

 
 
 
 
Outstanding as of December 31, 2016
5,085,043

 
49.45

 
2.0
 
$
—

Exercisable as of December 31, 2016
4,700,909

 
47.58

 
1.9
 
—

Vested or expected to vest as of December 31, 2016
5,085,043

 
49.45

 
2.0
 
—

 
 
Summary of Activity of Unvested Restricted Holding Units
Changes in unvested restricted AB Holding Units during 2016 are as follows:
 
AB Holding
Units
 
Weighted Average
Grant Date Fair
Value per AB Holding
Unit
Unvested as of December 31, 2015
19,779,814

 
$
22.05

Granted
7,085,482

 
23.14

Vested
(7,384,528
)
 
21.58

Forfeited
(334,727
)
 
24.05

Unvested as of December 31, 2016
19,146,041

 
22.60