XML 49 R35.htm IDEA: XBRL DOCUMENT v3.20.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summarized Activity of Stock Options
The following table summarizes activity for our stock options for the year ended December 31, 2020 (share data in thousands):
Number
of
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(In millions)
Outstanding at beginning of period324 $23.91 
Granted— N/A
Exercised(123)$23.64 
Cancelled/expired/forfeited— N/A
Outstanding at end of period201 $24.07 2.9 years$7.3 
Exercisable at end of period201 $24.07 2.9 years$7.3 
Schedule of Restricted Stock Units
Nonvested performance shares as of December 31, 2020 and changes during the year ended December 31, 2020 were as follows (share data in thousands):
Number
of
Shares
Weighted-
Average
Grant Date
Fair Value
Nonvested at beginning of period409 $53.39 
Adjustment to assumed vesting percentage76 $52.86 
Granted146 $56.75 
Vested(173)$48.76 
Cancelled/forfeited(7)$54.64 
Nonvested at end of period451 $56.15 
The actual number of shares in which each participant vests is dependent upon achievement of certain return on invested capital and diluted earnings per share targets over a three-year performance period. The number of shares in which participants can vest ranges from zero to 200% of the initial performance shares granted, to be determined upon completion of the three-year performance period. The nonvested shares at the end of the period in the table above assumes weighted-average vesting of 121%.
The actual tax benefits realized related to the performance shares vested during the year ended December 31, 2020 totaled $1.4 million.
Restricted Stock Units
Nonvested restricted stock units as of December 31, 2020 and changes during the year ended December 31, 2020 were as follows (share data in thousands):
Number
of
Shares
Weighted-
Average
Grant Date
Fair Value
Nonvested at beginning of period166 $54.51 
Granted120 $56.70 
Vested(97)$54.45 
Cancelled/forfeited(4)$54.54 
Nonvested at end of period185 $55.96 
Schedule of Summarized Activity of Stock Appreciation
The following table summarizes activity for our stock appreciation rights for the year ended December 31, 2020 (unit data in thousands):
Number
of
Units
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(In millions)
Outstanding at beginning of period55 $23.39 
Granted— N/A
Exercised(15)$21.69 
Cancelled/expired/forfeited— N/A
Outstanding at end of period40 $24.04 2.9 years$1.4 
Exercisable at end of period40 $24.04 2.9 years$1.4