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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of restricted stock, restricted stock unit and stock option activity
The following table summarizes RSU, restricted stock and stock option activity:
RSU or
Restricted Stock
Stock Options
NumberWeighted
Average
Grant Date
Fair Value
Per Share
NumberWeighted
Average
Exercise Price
Per Share
Outstanding as of December 31, 2017933,464 $51.855,069,956 $60.08
Granted603,111 57.8833,615 58.15
Forfeited or expired(38,365)54.07(352,624)64.64
Vested/exercised(513,078)51.58(161,562)44.92
Outstanding as of December 31, 2018985,132 $53.784,589,385 $60.25
Granted1,356,303 32.681,192,108 22.47
Forfeited or expired(173,604)39.57(351,885)60.56
Vested/exercised(507,520)47.72(48,131)30.46
Outstanding as of December 31, 20191,660,311 $39.885,381,477 $52.13
Granted1,355,975 10.30975,290 11.06
Forfeited or expired(114,352)33.74(603,835)59.46
Vested/exercised(643,340)42.23— 
Outstanding as of December 31, 20202,258,594 $21.765,752,932 $44.40
Options exercisable as of December 31, 20203,784,647 $58.80
Remaining unvested options outstanding and expected to vest1,948,602 $16.72
During 2020, the following units were granted:
Performance-based Award Units Granted in 2020Weighted
Average
Grant Date
Fair Value
Per Share
2020 Performance Award Plan385,455$9.05
2019 Performance Award Plan116,844$9.77
2018 Performance Award Plan68,866$10.75
Schedule of fair value on grant date and significant assumptions used in Black-Scholes option-pricing model
The grant date fair value of options and other significant assumptions follow:
January 1 - November 30, 2020December 31, 2020January 1 - September 30, 2019October 1 - December 31, 20192018
Weighted average grant date fair value$4.59$9.05$7.99$6.93$14.87
Expected life of options (in years)4.67.25.65.45.3
Risk-free interest rate0.4 %0.5 %2.6 %1.7 %2.7 %
Expected volatility64.9 %60.8 %33.3 %46.6 %28.2 %
Expected annual dividend per share$0.00$0.00$0.84$0.40$0.84
Summary of information related to options outstanding
Information related to options outstanding as of December 31, 2020 follows:
 Options OutstandingOptions Exercisable
Range of Exercise PricesNumber
Outstanding
Weighted
Average
Remaining
Contractual
Life (In Years)
Weighted
Average
Exercise Price
Per Share
Number
Exercisable
Weighted
Average
Remaining
Contractual
Life (In Years)
Weighted
Average
Exercise Price
Per Share
$8.81 - $29.50
2,088,027 9.2$17.27 130,947 8.4$29.03 
$46.07 - $62.50
3,054,457 4.456.48 3,043,252 4.456.47 
$70.76 - $79.19
610,448 2.376.77 610,448 2.376.77 
5,752,932 5.9$44.40 3,784,647 4.2$58.80