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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Disclosure of Share-based Compensation Expense | Share-based compensation expense is included in selling, general, and administrative expenses in the Consolidated Statements of Operations and was as follows:
|  | Years Ended December 31,
(in thousands) |  | 2021 |  | 2020 |  | 2019
Share-based compensation expense |  | $ | 61,237 |  |  | $ | 96,013 |  |  | $ | 85,626 |
Summary of Distributed Shares Activity | The following table summarizes activity related to the Distributed Shares during 2021:
|  | Performance Tranche
|  | Number of Distributed Shares |  | Weighted-Average Grant Fair Value
Unvested as of December 31, 2020 |  | 9,583,754 |  |  | $ | 13.10 |
Vested |  | — |  |  | — |
Forfeited |  | (80,086) |  |  | 13.42 |
Unvested as of December 31, 2021 |  | 9,503,668 |  |  | $ | 13.08 |
Summary of Related 2018 Plan Top-up Options Activity | The following table summarizes activity related to the 2018 Plan Top-up Options:
|  | Service Tranche |  | Performance Tranche |  |  |  |
|  | Number of Top-up Options |  | Weighted-Average Exercise Price |  | Number of Top-up Options |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value(a) (in thousands) |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2020 |  | 5,974,369 |  |  | $ | 13.30 |  |  | 5,923,973 |  |  | $ | 13.30 |  |  |  |  |
Exercised |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Forfeited |  | — |  |  | — |  |  | (73,424) |  |  | 13.30 |  |  |  |  |
Outstanding as of December 31, 2021 |  | 5,974,369 |  |  | $ | 13.30 |  |  | 5,850,549 |  |  | $ | 13.30 |  |  | — |  |  | 6.0
Exercisable as of December 31, 2021 |  | 5,974,369 |  |  | $ | 13.30 |  |  | — |  |  | $ | 13.30 |  |  | — |  |  | 6.0
________________________ (a)The intrinsic value represents the amount by which the fair value of the Company’s Common Stock exceeds the option exercise price as of December 31, 2021. The following table summarizes activity related to 2018 Plan options during 2021:
|  | Number of Options |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value(a) (in thousands) |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2020 |  | 24,191,120 |  |  | $ | 6.60 |  |  |  |  |
Granted |  | — |  |  | — |  |  |  |  |
Exercised |  | (1,951,552) |  |  | 5.55 |  |  |  |  |
Forfeited |  | (773,750) |  |  | 7.49 |  |  |  |  |
Outstanding as of December 31, 2021 |  | 21,465,818 |  |  | $ | 6.64 |  |  | $ | 50,657 |  |  | 7.2
Exercisable as of December 31, 2021 |  | 10,611,711 |  |  | $ | 8.33 |  |  | $ | 19,089 |  |  | 6.8
________________________ (a)The intrinsic value represents the amount by which the fair value of the Company’s Common Stock exceeds the option exercise price as of December 31, 2021.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | During 2020 and 2019, the grant date fair values of options granted under the 2018 Plan were determined using the Black-Scholes valuation approach with the following assumptions:
|  |  |  | Years Ended December 31,
|  |  |  | 2020 |  | 2019
Risk-free interest rate |  |  |  | 0.51% - 1.40% |  | 1.58% - 2.51%
Expected exercise term (years) |  |  |  | 6 |  | 6.0 - 6.5
Expected dividend yield |  |  |  | 2.2% - 2.7% |  | 2.0% - 2.7%
Expected volatility |  |  |  | 45% - 46% |  | 41% - 42%
Summary of Related 2018 Plan RSUs Activity | The following table summarizes activity related to the 2018 Plan RSUs (including DEUs) during 2021:
|  | Number of RSUs |  | Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2020 |  | 16,763,274 |  |  | $ | 6.56 |
Granted |  | 6,585,882 |  |  | 8.09 |
Vested |  | (6,481,391) |  |  | 7.14 |
Forfeited |  | (1,322,919) |  |  | 7.32 |
Unvested as of December 31, 2021 |  | 15,544,846 |  |  | $ | 6.90 |

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- 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
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- 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
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- 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
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