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Share-Based Employee Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Weighted Average Fair Value Assumptions

The table below summarizes the range and the weighted averages of the fair value assumptions used in the valuation as of March 8, 2021.

Assumptions:						Range						Weighted Averages
Expected term (in years)						0.3 - 7.1						3.7
Volatility						43.0% - 85.4%						55.1%
Risk free interest rate						0.1% -1.3%						0.6%
Dividend yield						—						—

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The table below summarizes the amounts recognized in the financial statements for the three and nine months ended September 30, 2021 and 2020 for share-based compensation, including expense for restricted stock units, performance based awards units and stock options (in thousands).

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Cost of products			$	345					$	158					$	892					$	553
Selling, general and administrative expenses			10,867						2,930						25,548						7,044
Research and development expenses			263						184						683						469
Total cost of share-based compensation included in income, before income tax			11,475						3,272						27,123						8,066
Income tax benefit			2,754						785						6,510						1,936
Total cost of employee share-based compensation, after tax			$	8,721					$	2,487					$	20,613					$	6,130

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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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 (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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-Section S99
-Paragraph 1
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-Publisher FASB
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- 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)
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