XML 28 R20.htm IDEA: XBRL DOCUMENT
v3.22.2

Stock-Based Compensation Plans | 6 Months Ended
--- | ---
Jun. 30, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract] |
Stock-Based Compensation Plans | STOCK-BASED COMPENSATION PLANS Stock-based compensation expense consists of the following:
(In millions) |  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Stock options |  | $ | 8.5 |  |  | $ | — |  |  | $ | 17.0 |  |  | $ | — |
Restricted stock units |  | 0.6 |  |  | (2.6) |  |  | 1.2 |  |  | (1.9) |
Restricted stock |  | — |  |  | (8.3) |  |  | — |  |  | (7.9) |
Total |  | $ | 9.1 |  |  | $ | (10.9) |  |  | $ | 18.2 |  |  | $ | (9.8) |
From December 2020 through June 2021, we granted 770,500 stock options, subject to shareholder approval of an amendment to the Incentive Plan (“Shareholder Approval”). Under GAAP, if a stock award is subject to shareholder approval, it is not considered granted for accounting purposes until that approval is received. Shareholder Approval was received at our annual meeting of shareholders on July 21, 2021. Accordingly, the accounting grant date of the 770,500 previously-awarded stock options is July 21, 2021, and no expense was recognized for stock options prior to that date. The reversal of stock-based compensation expense for the three and six months ended June 30, 2021 was primarily due to the forfeiture of unvested restricted stock and restricted stock units upon the retirement of our former Chief Executive Officer in May 2021, which resulted in an $11.5 million reversal of stock-based compensation expense. We expect to recognize the future stock-based compensation expense as follows:
(in millions) |  |  |  |  |  |
Year |  | Total Projected Stock-Based Compensation Expense |  |  |  |
Remainder of 2022 |  | $ | 18.2 |  |  |  |  |
2023 |  | 35.7 |  |  |  |  |
2024 |  | 34.9 |  |  |  |  |
2025 |  | 4.7 |  |  |  |  |
2026 |  | 0.5 |  |  |  |  |
Total |  | $ | 94.0 |  |  |  |  |

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration