XML 65 R46.htm IDEA: XBRL DOCUMENT
v3.20.4

STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Inputs and assumptions used to calculate fair value | Inputs and assumptions used to calculate the fair value are shown in the table below. The fair value of these RSUs is expensed over the vesting period using the straight-line method or using the graded vesting method when an employee becomes eligible to retain the award at retirement.
Year Ended December 31, | 2020 |  | 2019 |  | 2018
Fair value per stock award | $ | 94.98 |  |  | $ | 134.97 |  |  | $ | 128.70 |
Grant date stock price | $ | 83.93 |  |  | $ | 104.51 |  |  | $ | 89.42 |
Assumptions: |  |  |  |  |
Aptar's stock price expected volatility | 23.80 | % |  | 16.50 | % |  | 12.30 | %
Expected average volatility of peer companies | 48.50 | % |  | 31.90 | % |  | 27.50 | %
Correlation assumption | 63.50 | % |  | 37.40 | % |  | 20.20 | %
Risk-free interest rate | 0.31 | % |  | 2.19 | % |  | 2.42 | %
Dividend yield assumption | 1.72 | % |  | 1.30 | % |  | 1.43 | %
Summary of RSU activity | A summary of RSU activity as of December 31, 2020, and changes during the period then ended is presented below:
| Time-Based RSUs |  | Performance-Based RSUs
| Units |  | Weighted Average Grant-Date Fair Value |  | Units |  | Weighted Average Grant-Date Fair Value
Nonvested at January 1, 2020 | 480,729 |  | $ | 95.45 |  |  | 181,680 |  | $ | 117.26 |
Granted | 241,812 |  | 87.13 |  |  | 417,313 |  | 93.08 |
Vested | (138,606) |  | 86.84 |  |  | — |  | — |
Forfeited | (7,737) |  | 97.80 |  |  | (8,929) |  | 111.60 |
Nonvested at December 31, 2020 | 576,198 |  | $ | 92.47 |  |  | 590,064 |  | $ | 100.27 |
Schedule of compensation expense, fair value, and intrinsic value related to RSU's |
Year Ended December 31, | 2020 |  | 2019 |  | 2018
Compensation expense | $ | 32,085 |  |  | $ | 18,197 |  |  | $ | 8,703 |
Fair value of units vested | 12,038 |  |  | 4,566 |  |  | 2,980 |
Intrinsic value of units vested | 14,446 |  |  | 5,360 |  |  | 3,708 |
Weighted-average assumptions used to estimate fair value of stock options granted | These values were estimated on the respective dates of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Stock Awards Plans: |
Year Ended December 31, | 2018
Dividend Yield | 1.5 | %
Expected Stock Price Volatility | 14.2 | %
Risk-free Interest Rate | 2.8 | %
Expected Life of Option (years) | 6.6
Summary of option activity | A summary of option activity under our stock plans as of December 31, 2020, and changes during the period then ended is presented below:
| Stock Awards Plans |  | Director Stock Option Plans
| Options |  | Weighted Average Exercise Price |  | Options |  | Weighted Average Exercise Price
Outstanding, January 1, 2020 | 5,044,180 |  |  | $ | 68.32 |  |  | 135,251 |  |  | $ | 58.45 |
Granted | — |  |  | — |  |  | — |  |  | — |
Exercised | (1,035,649) |  |  | 60.81 |  |  | (36,051) |  |  | 52.00 |
Forfeited or expired | (10,484) |  |  | 80.13 |  |  | — |  |  | — |
Outstanding at December 31, 2020 | 3,998,047 |  |  | $ | 70.28 |  |  | 99,200 |  |  | $ | 60.80 |
Exercisable at December 31, 2020 | 3,845,344 |  |  | $ | 69.45 |  |  | 99,200 |  |  | $ | 60.80 |
Weighted-Average Remaining Contractual Term (Years): |  |  |  |  |  |  |
Outstanding at December 31, 2020 | 4.8 |  |  |  | 2.6 |  |
Exercisable at December 31, 2020 | 4.6 |  |  |  | 2.6 |  |
Aggregate Intrinsic Value: |  |  |  |  |  |  |
Outstanding at December 31, 2020 | $ | 256,760 |  |  |  |  | $ | 7,311 |  |  |
Exercisable at December 31, 2020 | $ | 249,299 |  |  |  |  | $ | 7,311 |  |  |
Intrinsic Value of Options Exercised During the Years Ended: |  |  |  |  |  |  |
December 31, 2020 | $ | 59,179 |  |  |  |  | $ | 2,318 |  |  |
December 31, 2019 | $ | 87,251 |  |  |  |  | $ | 1,172 |  |  |
December 31, 2018 | $ | 72,951 |  |  |  |  | $ | 2,286 |  |  |
Schedule of compensation expense, and fair value related to options |
Year Ended December 31, | 2020 |  | 2019 |  | 2018
Compensation expense (included in SG&A) | $ | 1,693 |  |  | $ | 4,768 |  |  | $ | 8,677 |
Compensation expense (included in Cost of sales) | 370 |  |  | 928 |  |  | 2,181 |
Compensation expense, Total | $ | 2,063 |  |  | $ | 5,696 |  |  | $ | 10,858 |
Compensation expense, net of tax | 1,573 |  |  | 4,507 |  |  | 8,391 |
Grant date fair value of options vested | 7,601 |  |  | 17,492 |  |  | 16,518 |

X
- Definition Schedule of Share-based Compensation Expense, Equity Instruments Other than Options + References No definition available. + Details
Name: | atr_ScheduleOfShareBasedCompensationExpenseEquityInstrumentsOtherThanOptionsTableTextBlock
Namespace Prefix: | atr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Compensation Expense, Options + References No definition available. + Details
Name: | atr_ScheduleOfShareBasedCompensationExpenseOptionsTableTextBlock
Namespace Prefix: | atr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share-based Payment Arrangement, Restricted Stock Unit, at Fair Value + References No definition available. + Details
Name: | atr_ShareBasedPaymentArrangementRestrictedStockUnitAtFairValueTableTextBlock
Namespace Prefix: | atr_
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 number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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