XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.21.2

STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Share-based Payment Arrangement [Abstract] |
Weighted-average assumptions used to estimate fair value of restricted stock units | 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.
Nine Months Ended September 30, | 2021 |  | 2020
Fair value per stock award | $ | 171.63 |  |  | $ | 94.98 |
Grant date stock price | $ | 141.59 |  |  | $ | 83.93 |
Assumptions: |  |  |
Aptar's stock price expected volatility | 21.40 | % |  | 23.80 | %
Expected average volatility of peer companies | 50.00 | % |  | 48.50 | %
Correlation assumption | 58.10 | % |  | 63.50 | %
Risk-free interest rate | 0.32 | % |  | 0.31 | %
Dividend yield assumption | 1.02 | % |  | 1.72 | %
Summary of restricted stock unit activity | A summary of RSU activity as of September 30, 2021 and changes during the nine month 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, 2021 | 576,198 |  |  | $ | 92.47 |  |  | 590,064 |  |  | $ | 100.27 |
Granted | 143,807 |  |  | 138.89 |  |  | 169,974 |  |  | 152.51 |
Vested | (220,723) |  |  | 96.13 |  |  | (72,139) |  |  | 128.66 |
Forfeited | (3,918) |  |  | 102.54 |  |  | (32,561) |  |  | 92.26 |
Nonvested at September 30, 2021 | 495,364 |  |  | $ | 108.36 |  |  | 655,338 |  |  | $ | 111.09 |
Schedule of compensation expense, fair value, and intrinsic value related to RSU's |
Nine Months Ended September 30, | 2021 |  | 2020
Compensation expense | $ | 29,493 |  |  | $ | 24,497 |
Fair value of units vested | 29,671 |  |  | 11,188 |
Intrinsic value of units vested | 39,752 |  |  | 13,475 |
Summary of option activity | A summary of option activity under our stock plans during the nine months ended September 30, 2021 is presented below:
| Stock Awards Plans |  | Director Stock Option Plans
| Options |  | Weighted Average Exercise Price |  | Options |  | Weighted Average Exercise Price
Outstanding, January 1, 2021 | 3,998,047 |  |  | $ | 70.28 |  |  | 99,200 |  |  | $ | 60.80 |
Granted | — |  |  | — |  |  | — |  |  | — |
Exercised | (841,091) |  |  | 64.57 |  |  | (47,500) |  |  | 57.40 |
Forfeited or expired | (10,153) |  |  | 75.46 |  |  | — |  |  | — |
Outstanding at September 30, 2021 | 3,146,803 |  |  | $ | 71.79 |  |  | 51,700 |  |  | $ | 63.91 |
Exercisable at September 30, 2021 | 3,146,803 |  |  | $ | 71.79 |  |  | 51,700 |  |  | $ | 63.91 |
Weighted-Average Remaining Contractual Term (Years): |  |  |  |  |  |  |
Outstanding at September 30, 2021 | 4.3 |  |  |  | 2.3 |  |
Exercisable at September 30, 2021 | 4.3 |  |  |  | 2.3 |  |
Aggregate Intrinsic Value: |  |  |  |  |  |  |
Outstanding at September 30, 2021 | $ | 153,196 |  |  |  |  | $ | 2,924 |  |  |
Exercisable at September 30, 2021 | $ | 153,196 |  |  |  |  | $ | 2,924 |  |  |
Intrinsic Value of Options Exercised During the Nine Months Ended: |  |  |  |  |  |  |
September 30, 2021 | $ | 65,139 |  |  |  |  | $ | 4,248 |  |  |
September 30, 2020 | $ | 44,086 |  |  |  |  | $ | 2,183 |  |  |
Schedule of compensation expense, and fair value related to options |
Nine Months Ended September 30, | 2021 |  | 2020
Compensation expense (included in SG&A) | $ | 185 |  |  | $ | 1,409 |
Compensation expense (included in Cost of sales) | 42 |  |  | 285 |
Compensation expense, Total | $ | 227 |  |  | $ | 1,694 |
Compensation expense, net of tax | 174 |  |  | 1,289 |
Grant date fair value of options vested | 2,421 |  |  | 7,601 |

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: | dtr-types: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: | dtr-types: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 restricted stock units, including, but not limited to: (a) expected term of restricted stock units 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 No definition available. + Details
Name: | atr_ScheduleOfShareBasedPaymentAwardRestrictedStockUnitsValuationAssumptionsTableTextBlock
Namespace Prefix: | atr_
Data Type: | dtr-types: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 restricted stock units. + 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_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration