XML 48 R37.htm IDEA: XBRL DOCUMENT v3.20.2

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2020

STOCK-BASED COMPENSATION

Schedule of weighted-average assumptions used to estimate the fair value of options granted

​

​	​	​	​	​	​	​	​	​	​
​		Three-Months Ended June 30,			​	Six-Months Ended June 30,			​
​		2020*		2019*		2020		2019	​
Dividend yield		—	​	—	​	0.0	%	0.0	%
Expected volatility		—	​	—	​	30.5	%	30.2	%
Risk-free interest rate		—	​	—	​	0.7	%	2.4	%
Expected term		—	​	—	​	5.8	years	6.0	years

​

*No options were granted during the three-months ended June 30, 2020 and 2019.

​

Summary of activities with respect to its stock option plans

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted-	​		​
​	​	​	​	Weighted-		​	Average	​		​
​	​	​	​	Average		​	Remaining	​		​
​	​	Number of	​	Exercise		​	Contractual	​	​	​
​	​	Shares (in	​	Price Per		​	Term (In	​	Aggregate
Options		thousands)		Share			years)		Intrinsic Value
Outstanding at January 1, 2020		14,941	​	$	42.88		6.3	​	$	308,884
Granted 01/01/20 - 03/31/20		1,027	​	$	62.45	​	​	​	​	​
Granted 04/01/20 - 06/30/20	​	—	​	$	—	​	​	​	​	​
Exercised		(1,177)	​	$	37.24	​	​	​	​	​
Cancelled or forfeited		(46)	​	$	51.93	​	​	​	​	​
Outstanding at June 30, 2020		14,745	​	$	44.66		6.2	​	$	363,570
Vested and expected to vest in the future at June 30, 2020		14,036	​	$	44.02		6.1	​	$	355,045
Exercisable at June 30, 2020		8,652	​	$	37.13		5.0	​	$	278,553

​

No options were granted during the three-months ended June 30, 2020 and 2019. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2020 and 2019 was $18.78 per share and $20.30 per share, respectively.

Summary of activities with respect to non-vested restricted stock units

​

​	​	​	​	​	​
​				Weighted
​	​	Number of	​	Average
​	​	Shares (in	​	Grant-Date
​	​	thousands)	​	Fair Value
Non-vested at January 1, 2020		825	​	$	57.62
Granted 01/01/20 - 03/31/201		392	​	$	62.39
Granted 04/01/20 - 06/30/20	​	17	​	$	71.72
Vested		(287)	​	$	55.65
Forfeited/cancelled		(1)	​	$	59.67
Non-vested at June 30, 2020		946	​	$	60.45

​

¹The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target dependent on the pre-established performance goals.

​

The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2020 was $71.72 per share. The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2019 was $63.48 per share. No performance share units were granted during the three-months ended June 30, 2020 and 2019. The weighted-average grant-date fair value of restricted stock units and performance share units granted during the six-months ended June 30, 2020 was $62.78 per share. The weighted-average grant-date fair value of restricted stock units granted during the six-months ended June 30, 2019 was $59.79 per share. No performance share units were granted during the six- months ended June 30, 2019.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration