Rendering
Component: (Network and Table) |
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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)
Reporting Entity [Axis] | 0001109448 (http://www.sec.gov/CIK) |
Compensation Related Costs [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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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 |
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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 | | — |
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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 |
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