XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.1

Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Option Activity

Stock option activity during 2020 and 2021 was as follows:

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (in years)				Aggregate Intrinsic Value (in thousands)
Options outstanding at January 1, 2020			1,360,068			$	39.40				7.57			$	1,650
Options granted			507,600				33.13				9.18				157
Options exercised			(68,700	)			29.15			N/A					854
Options cancelled			(288,662	)			39.67			N/A				N/A
Options outstanding at December 31, 2020			1,510,306				37.56				7.35				1,414
Options granted			282,320				57.14				10.01				—
Options exercised			(352,297	)			36.16			N/A					7,300
Options cancelled			(34,725	)			37.44			N/A				N/A
Options outstanding at March 31, 2021			1,405,604			$	41.85				7.88			$	19,300
Options exercisable at December 31, 2020			596,606			$	45.37				5.55			$	543
Options exercisable at March 31, 2021			524,509			$	44.58				6.09			$	6,183

Schedule of Stock Options Valuation Assumptions

The following table summarizes the grant-date fair value of options and the assumptions used to develop the fair value estimates for options granted during the three months ended March 31, 2021 and year ended December 31, 2020:

		March 31, 2021				December 31, 2020
Weighted average grant-date fair value of options		$	26.53			$	12.37
Risk-free interest rate			2.3	%			1.6	%
Expected volatility			51	%			41	%
Expected life (in years)			5.0				5.0

Restricted Stock Activity

Restricted stock activity during 2020 and 2021 was as follows:

		Number of Shares				Weighted Average Grant-Date Fair Value
Unvested at January 1, 2020			805,136			$	34.14
Granted			637,312				25.82
Cancelled			(129,683	)			34.56
Vested			(289,769	)			35.88
Unvested at December 31, 2020			1,022,996			$	28.41
Granted			242,900				55.97
Cancelled			(15,675	)			32.50
Vested			(269,733	)			29.33
Unvested at March 31, 2021			980,488			$	34.92

Restricted Stock Unit Activity

Restricted stock unit activity during 2020 and 2021 was as follows:

		Number of Units				Weighted Average Grant-Date Fair Value
Unvested at January 1, 2020			447,357			$	38.89
Granted			583,680				10.60
Performance adjustment			117,772				13.50
Cancelled			(63,056	)			43.35
Vested			(12,691	)			42.09
Unvested at December 31, 2020			1,073,062			$	20.15
Granted			—				—
Performance adjustment			120,919				19.48
Cancelled			—				—
Vested			(184,051	)			42.30
Unvested at March 31, 2021			1,009,930			$	16.03

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 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

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-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

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

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration