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Stock Incentive Plan
6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
Stock Incentive Plan
14.STOCK INCENTIVE PLAN
General—The Company has a stock incentive plan (the “Stock Incentive Plan”) and an employee stock purchase plan (the “ESPP”) that are administered by the Compensation and Talent Development Committee of the Board of Directors. Under the Stock Incentive Plan, the Company can issue shares to employees and directors in the form of restricted stock awards (“RSAs”), restricted stock units (“RSUs”) and performance share units (“PSUs”). Changes in common stock, additional paid in capital and treasury stock during the six months ended June 30, 2022 primarily relate to activity associated with the Stock Incentive Plan, the ESPP and shares withheld for taxes.
Share Grants—During the six months ended June 30, 2022, the Company granted the following awards under the Stock Incentive Plan:
SharesWeighted Average Grant-Date Fair Value per Share
RSAs26 $23.43 
RSUs110 $26.51 
PSUs (at target)154 $26.82 
Total shares granted290 
Share Issuances—During the six months ended June 30, 2022, the Company issued the following shares under the Stock Incentive Plan and the ESPP:
Shares
RSAs (issued upon grant)26 
RSUs (issued upon vesting)
PSUs (issued upon vesting)675 
ESPP (issued upon sale)18 
Total shares issued724 
Stock-Based Compensation—During the three and six months ended June 30, 2022, the Company recognized $2,333 and $4,629, respectively, of stock-based compensation expense, and during the three and six months ended June 30, 2021, the Company recognized $2,015 and $3,850 of stock-based compensation expense, respectively, primarily within general and administrative expenses. Included within total stock-based compensation expense for the three and six months ended June 30, 2022 is $33 and $67, respectively, of expense related to the ESPP, and during the three and six months ended June 30, 2021, the Company recognized $22 and $47, respectively, of expense related to the ESPP. Additionally, the Company has liability-based awards for which the number of units awarded is not determined until the vesting date. During the three and six months ended June 30, 2022, the Company recognized $0 and $1,225, respectively, within additional paid in capital for the vesting of liability-based awards. The Company did not have any liability-based awards vest during 2021. The Company recognizes forfeitures as they occur, rather than estimating expected forfeitures.
Shares Withheld for Taxes—The Company withheld zero and 263 shares for taxes on RSU/PSU stock-based compensation vestings for $0 and $7,386 during the three and six months ended June 30, 2022, respectively.
AOCI—During the three and six months ended June 30, 2022, changes in AOCI were a result of net gains (losses) recognized in OCI and amounts reclassified from AOCI into earnings related to our interest rate derivative. See Note 10 - Financial Instruments for further discussion.