XML 51 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

Stock Based Compensation | 6 Months Ended
--- | ---
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
STOCK BASED COMPENSATION | STOCK BASED COMPENSATION Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs) Time-based RSUs and RSAs generally vest over a four-year term. Performance-based RSUs and RSAs are subject to vesting requirements and are earned, in part, based on certain financial performance metrics as defined in the grant notice. Actual number of shares earned may range from 0% to 200% of the target award. Performance-based awards granted in 2022 and 2021 are earned based on a single-year performance period subject to subsequent multi-year time-based vesting with 50% of the shares earned vesting in one year after the performance period and the remaining shares in the year after. The performance-based awards granted in 2019 were previously cancelled. RSUs and RSAs are generally forfeited if the participant terminates service prior to vesting. The following tables summarize RSU and RSA activity for the six months ended June 30, 2022: Time-based RSUs and RSAs
| Total Number of RSUs | Total Number of RSAs | Total Number of Shares | Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2021 | 1,008,927 |  | 5,744 |  | 1,014,671 |  | $ | 68.74 |
Granted | 825,693 |  | — |  | 825,693 |  | 88.21 |
Vested | (289,487) |  | (5,744) |  | (295,231) |  | 68.14 |
Forfeited | (128,729) |  | — |  | (128,729) |  | 75.14 |
Nonvested at June 30, 2022 | 1,416,404 |  | — |  | 1,416,404 |  | $ | 79.63 |
Performance-based RSUs and RSAs
| Total Number of RSUs |  |  | Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2021 | 255,224 |  |  |  | $ | 67.16 |
Granted | 213,943 |  |  |  | 87.52 |
Vested | (7,393) |  |  |  | 52.86 |
Forfeited | (16,432) |  |  |  | 83.68 |
Nonvested at June 30, 2022 | 445,342 |  |  |  | $ | 76.57 |
Zenefits Restricted Stock In connection with the acquisition of Zenefits (See Note 11), unvested Zenefits restricted stock at the closing of the acquisition were converted to the right to receive a pro-rata share of the total consideration, payable in cash quarterly over 18 months subject to continued service. Unpaid amounts are generally forfeited if the employee terminates service prior to vesting. As of June 30, 2022, the unpaid amount was $10 million. Stock Based Compensation Stock based compensation expense for stock based awards made to our employees pursuant to our equity plans were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2022 | 2021 |  | 2022 | 2021
Cost of providing services | $ | 4 |  | $ | 3 |  |  | $ | 6 |  | $ | 6 |
Sales and marketing | 2 |  | 2 |  |  | 3 |  | 3 |
General and administrative | 11 |  | 7 |  |  | 19 |  | 13 |
Systems development and programming costs | 1 |  | 1 |  |  | 2 |  | 2 |
Total stock based compensation expense | $ | 18 |  | $ | 13 |  |  | $ | 30 |  | $ | 24 |

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + 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_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration