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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Schedule of Total Stock-Based Compensation Expense Included in Company's Consolidated Statements of Income and Comprehensive Income

The total stock-based compensation expense included in the Company’s consolidated statements of income and comprehensive income was as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenues

 

$

0.9

 

 

$

0.6

 

 

$

1.9

 

 

$

1.1

 

Research and development expense

 

 

0.9

 

 

 

1.1

 

 

 

2.0

 

 

 

1.9

 

Selling, general and administrative expense

 

 

4.9

 

 

 

4.2

 

 

 

10.8

 

 

 

12.2

 

Acquisition and integration related expense

 

 

0.1

 

 

 

1.0

 

 

 

0.6

 

 

 

19.6

 

Total pre-tax stock-based compensation expense

 

$

6.8

 

 

$

6.9

 

 

$

15.3

 

 

$

34.8

 

Summary of Activity for RSUs

The following table presents the activity for RSUs under the Plan:

 

 

 

Six Months Ended June 30, 2020

 

 

 

Outstanding RSUs

 

 

Weighted Average

Grant Date

Fair Value

 

RSUs – beginning of period

 

 

1,102,534

 

 

$

85.93

 

Accrued dividend shares

 

 

407

 

 

$

105.81

 

Granted

 

 

300,228

 

 

$

97.75

 

Vested

 

 

(640,931

)

 

$

85.10

 

Forfeited

 

 

(55,572

)

 

$

84.42

 

RSUs – end of period

 

 

706,666

 

 

$

91.83

 

 

Stock Appreciation Rights (SARs) [Member]  
Summary of Activity for Outstanding and Exercisable Stock Appreciation Rights

The following table presents the activity for SARs under the Plan:

 

 

 

Six Months Ended June 30, 2020

 

 

 

Outstanding SARs

 

 

Weighted Average

Grant Date

Fair Value

 

SARs – beginning of period

 

 

108,854

 

 

$

29.05

 

Exercised

 

 

(46,075

)

 

$

27.19

 

Forfeited or expired

 

 

(1,400

)

 

$

22.39

 

SARs Outstanding – end of period

 

 

61,379

 

 

$

30.60