XML 40 R30.htm IDEA: XBRL DOCUMENT v3.24.3

Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expenses

The components of the Company’s share-based compensation expense were as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2024						2023						2024						2023
Stock options			$	1,319					$	1,422					$	3,957					$	4,562
Restricted stock			3,246						3,305						9,959						10,362
Performance vested restricted stock units			5,184						5,261						14,204						17,041
Total share-based compensation expense			$	9,749					$	9,988					$	28,120					$	31,965

Schedule of Stock-Based Award Activity

A summary of the share-based award activity during the nine months ended September 30, 2024 is presented below:

			Stock Options																		Restricted Stock												Performance Vested Restricted Stock Units
			Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life						Shares						Weighted Average Grant Date Fair Value						Shares						Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2024			943,641						$	102.90											361,668						$	136.05					458,495						$	136.14
Granted			78,988						111.94												65,942						114.23						145,228						112.15
Performance-based leveraging (1)			—						—												—						—						3,830						129.01
Exercised/vested			(149,570)						76.77												(55,010)						109.34						(146,675)						107.54
Expired			—						—												—						—						(8,028)						108.79
Forfeited			(440)						123.71												(8,654)						121.05						(9,877)						130.82
Outstanding as of September 30, 2024			872,619						$	108.19					5.9 years						363,946						$	136.46					442,973						$	138.30
Options exercisable as of September 30, 2024			581,011						$	101.29					4.9 years

(1) Any revisions to the outstanding PVRSUs during the nine months ended September 30, 2024 is based on the Company's performance relative to the targeted performance conditions in the respective PVRSUs.

Schedule of Weighted Average Assumptions of Black-Scholes Option-Pricing Model

The fair value of the stock options granted during the nine months ended September 30, 2024 was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions:

Risk-free interest rate			4.27		%
Expected volatility			31.34		%
Expected life of the stock option			6 years
Dividend yield			1.03		%
Requisite service period			4 years
Contractual life			10 years
Weighted average fair value of the stock options granted (per stock option)			$	38.85

X

- Definition

Schedules Of Stock Based Compensation Expenses And Income Tax Benefits Text Block

+ References

No definition available.

+ Details

Name:	chh_SchedulesOfPretaxStockBasedCompensationExpensesAndIncomeTaxBenefitsTableTextBlock
Namespace Prefix:	chh_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration