XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.20.4

Common Stock (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Information Related to Stock Repurchase Programs | The following schedule provides information related to our stock repurchase program for each of the three years ended December 31, 2020. During 2020, 1,951,899 shares ($196.6 million in the aggregate) were repurchased pursuant to the terms of the stock repurchase program and 81,057 shares ($10.2 million in the aggregate) were repurchased in connection with the income tax withholding obligations resulting from stock-based compensation programs. During 2019, 5,397,753 shares ($706.2 million in the aggregate) were repurchased pursuant to the terms of our stock repurchase program and 336,943 shares ($47.7 million in the aggregate) were repurchased in connection with the income tax withholding obligations resulting from stock-based compensation programs. During 2018, 3,321,968 shares ($401.3 million) were repurchased pursuant to the terms of our stock repurchase program and 102,800 shares ($12.7 million in the aggregate) were repurchased in connection with the income tax withholding obligations resulting from stock-based compensation programs.
|  | Additional dollars authorized for repurchase (in thousands) |  |  | Total number of shares purchased (a.) |  |  | Total number of shares cancelled |  |  | Average price paid per share for forfeited restricted shares |  |  | Total number of shares purchased as part of publicly announced programs |  |  | Average price paid per share for shares purchased as part of publicly announced program |  |  | Aggregate purchase price paid (in thousands) |  |  | Aggregate purchase price paid for shares purchased as part of publicly announced program |  |  | Maximum number of dollars that may yet be purchased under the program (in thousands) |
Balance as of January 1, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 363,660 |
2018 |  | $ | 500,000 |  |  |  | 3,435,992 |  |  |  | 11,224 |  |  | $ | 0.01 |  |  |  | 3,321,968 |  |  | $ | 120.81 |  |  | $ | 414,002 |  |  | $ | 401,316 |  |  | $ | 462,344 |
2019 |  | $ | 1,000,000 |  |  |  | 5,762,409 |  |  |  | 27,713 |  |  | $ | 0.01 |  |  |  | 5,397,753 |  |  | $ | 130.84 |  |  | $ | 753,928 |  |  | $ | 706,221 |  |  | $ | 756,123 |
2020 |  | $ | — |  |  |  | 2,050,735 |  |  |  | 17,779 |  |  | $ | 0.01 |  |  |  | 1,951,899 |  |  | $ | 100.70 |  |  | $ | 206,719 |  |  | $ | 196,560 |  |  | $ | 559,563 |
Total for three year period ended December 31, 2020 |  | $ | 1,500,000 |  |  |  | 11,249,136 |  |  |  | 56,716 |  |  | $ | 0.01 |  |  |  | 10,671,620 |  |  | $ | 122.20 |  |  | $ | 1,374,649 |  |  | $ | 1,304,097 |  |  |  |  |
| (a.) | Includes 17,779, 27,713 and 11,224 of restricted shares that were forfeited by former employees pursuant to the terms of our restricted stock purchase plan during 2020, 2019 and 2018, respectively.
Weighted-Average Assumptions Fair Value of Option Grants | The weighted-average assumptions reflected below were based upon twenty-six option grants for the five-year period ending December 31, 2020, twenty-nine option grants for the five-year period ending December 31, 2019 and twenty-seven option grants for the five-year period ending December 31, 2018.
Year Ended December 31, |  | 2020 |  |  | 2019 |  |  | 2018 |
Expected volatility |  |  | 28 | % |  |  | 27 | % |  |  | 27 | %
Risk free Interest rate |  |  | 2 | % |  |  | 2 | % |  |  | 1 | %
Expected life (years) |  |  | 3.5 |  |  |  | 3.4 |  |  |  | 3.4 |
Forfeiture rate |  |  | 8 | % |  |  | 9 | % |  |  | 13 | %
Dividend yield |  |  | 0.5 | % |  |  | 0.3 | % |  |  | 0.3 | %
Stock Option Activity | The table below summarizes our stock option activity during the year ended December 31, 2020:
Outstanding Options |  | Number of Shares |  |  | Weighted Average Exercise Price |  |
Balance, January 1, 2020 |  |  | 8,133,176 |  |  | $ | 124.52 |  |
Granted |  |  | 2,589,966 |  |  | $ | 70.36 |  |
Exercised |  |  | (1,534,741 | ) |  | $ | 118.99 |  |
Expired |  |  | (551,750 | ) |  | $ | 117.30 |  |
Cancelled |  |  | (397,685 | ) |  | $ | 114.79 |  |
Balance, December 31, 2020 |  |  | 8,238,966 |  |  | $ | 109.47 |  |
Outstanding options vested and exercisable as of December 31, 2020 |  |  | 2,522,906 |  |  | $ | 124.62 |  |
Information about Unvested Options | The following table provides information about unvested options for the year ended December 31, 2020:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Unvested options as of January 1, 2020 |  |  | 5,581,909 |  |  | $ | 28.45 |
Granted |  |  | 2,589,966 |  |  | $ | 14.60 |
Vested |  |  | (2,184,896 | ) |  | $ | 27.40 |
Cancelled |  |  | (270,919 | ) |  | $ | 24.92 |
Unvested options as of December 31, 2020 |  |  | 5,716,060 |  |  | $ | 22.74 |
Information about all Outstanding Options | The following table provides information regarding all options outstanding at December 31, 2020:
|  | Options Outstanding |  |  | Options Exercisable |
Number of options outstanding |  |  | 8,238,966 |  |  |  | 2,522,906 |
Weighted average exercise price |  | $ | 109.47 |  |  | $ | 124.62 |
Aggregate intrinsic value as of December 31, 2020 |  | $ | 231,848,241 |  |  | $ | 32,525,812 |
Weighted average remaining contractual life |  |  | 2.9 |  |  |  | 1.9 |
Weighted Average Remaining Contractual Life for Options Outstanding and Weighted Average Exercise Price Per Share for Exercisable Options | The weighted average remaining contractual life for options outstanding and weighted average exercise price per share for exercisable options at December 31, 2018, 2019 and 2020 were as follows:
Year Ended: |  | Options Outstanding |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Life (in Years) |  |  | Exercisable Options |  |  | Weighted Average Exercise Price Per Share |  |  | Expected to Vest Options |  |  | Weighted Average Exercise Price Per Share |
|  | Shares |  |  |  |  |  |  |  |  |  |  | Shares |  |  |  |  |  |  | Shares |  |  |  |  |
2018 |  |  | 9,674,791 |  |  | $ | 115.39 |  |  |  | 2.6 |  |  |  | 3,724,179 |  |  | $ | 106.77 |  |  |  | 4,414,324 |  |  | $ | 120.82 |
2019 |  |  | 8,133,176 |  |  |  | 124.52 |  |  |  | 2.7 |  |  |  | 2,551,267 |  |  |  | 119.86 |  |  |  | 5,073,423 |  |  |  | 126.62 |
2020 |  |  | 8,238,966 |  |  |  | 109.47 |  |  |  | 2.9 |  |  |  | 2,522,906 |  |  |  | 124.62 |  |  |  | 5,099,823 |  |  |  | 110.47 |

X
- Definition Schedule of stock repurchase program. + References No definition available. + Details
Name: | uhs_ScheduleOfStockRepurchaseProgramTableTextBlock
Namespace Prefix: | uhs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 of the changes in outstanding nonvested shares. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, 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 (e) -URI http://asc.fasb.org/extlink&oid=120381028&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 (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=120381028&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=120381028&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=120381028&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=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration