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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

Stock option activity from January 1, 2020 to September 30, 2020 follows:

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Underlying

 

 

Exercise Price

 

 

Shares

 

 

Per Share

 

Outstanding at January 1, 2020

 

4,766,150

 

 

$

20.62

 

Exercised

 

 

 

$

 

Expired

 

(710,000

)

 

$

14.83

 

Outstanding at September 30, 2020

 

4,056,150

 

 

$

21.63

 

Exercisable at September 30, 2020

 

4,041,150

 

 

$

21.64

 

Restricted Stock Activity

Restricted stock activity from January 1, 2020 to September 30, 2020 follows:

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average Grant

 

 

 

 

 

 

Date Fair Value

 

 

Shares

 

 

Per Share

 

Non-vested restricted stock outstanding at January 1, 2020

 

72,051

 

 

$

21.59

 

Vested

 

(72,051

)

 

$

21.59

 

Forfeited

 

 

 

$

 

Non-vested restricted stock outstanding at September 30, 2020

 

 

 

$

 

Restricted Stock Unit Activity

Restricted stock unit activity from January 1, 2020 to September 30, 2020 follows:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average Grant

 

 

Time

 

 

Performance

 

 

Date Fair Value

 

 

Based

 

 

Based

 

 

Per Share

 

Non-vested restricted stock units outstanding at January 1, 2020

 

2,631,726

 

 

 

397,315

 

 

$

15.81

 

Granted

 

1,691,246

 

 

 

 

 

$

4.25

 

Vested

 

(1,118,260

)

 

 

(38,000

)

 

$

16.18

 

Forfeited

 

(272,148

)

 

 

 

 

$

13.79

 

Non-vested restricted stock units outstanding at September 30, 2020

 

2,932,564

 

 

 

359,315

 

 

$

9.91

 

 

 

Performance Units

The total target number of shares with respect to the Performance Units for the awards granted in 2016-2020 is set forth below:

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

2016

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Target number of shares

 

500,500

 

 

 

489,800

 

 

 

310,700

 

 

 

186,198

 

 

 

185,000

 

Fair Value of Performance Units The fair value of the Performance Units is set forth below (in thousands):

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

2016

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Fair value at date of grant

$

826

 

 

$

9,958

 

 

$

8,004

 

 

$

5,780

 

 

$

3,854

 

 

Compensation Expense Associated with Performance Units Compensation expense associated with the Performance Units is shown below (in thousands):

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

2016

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Three months ended September 30, 2020

$

69

 

 

$

830

 

 

$

667

 

 

$

 

 

$

 

Three months ended September 30, 2019

$

 

 

$

830

 

 

$

667

 

 

$

482

 

 

$

 

Nine months ended September 30, 2020

$

138

 

 

$

2,489

 

 

$

2,001

 

 

$

642

 

 

$

 

Nine months ended September 30, 2019

$

 

 

$

1,660

 

 

$

2,001

 

 

$

1,445

 

 

$

321