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Equity-based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Weighted Average Valuation Assumptions of Grants

The weighted average assumptions for the grants in the years ended December 31, 2019, 2018 and 2017 are provided in the following table:

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Valuation assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

Expected dividend yield

 

 

%

 

 

%

 

 

%

Expected volatility

 

 

37.3

%

 

 

43.4

%

 

 

40.2

%

Expected term (years)

 

 

6.5

 

 

 

6.5

 

 

 

6.5

 

Risk-free interest rate

 

 

2.4

%

 

 

2.6

%

 

 

1.9

%

Summary of Equity Option Activity

Option activity under the 2013 Plan is as follows:

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

(000's)

 

Balance at January 1, 2019

 

 

5,139,304

 

 

$

6.22

 

 

 

7.1

 

 

$

48,416

 

Granted

 

 

67,232

 

 

 

15.62

 

 

 

9.3

 

 

 

 

 

Exercised

 

 

(208,578

)

 

 

3.60

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(79,619

)

 

 

15.62

 

 

 

 

 

 

 

 

 

Expired

 

 

(2,265

)

 

 

15.62

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

 

4,916,074

 

 

 

6.30

 

 

 

5.6

 

 

 

59,368

 

Exercisable at December 31, 2019

 

 

3,521,797

 

 

 

4.26

 

 

 

4.7

 

 

 

49,705

 

Vested and expected to vest

 

 

4,805,523

 

 

 

6.30

 

 

 

5.5

 

 

 

58,001

 

Summary of RSU Award Activity

RSU award activity under the 2019 Plan is as follows:

 

 

Class A

Common

Stock

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

(000's)

 

Unvested at January 1, 2019

 

 

 

 

$

 

 

 

 

 

$

 

Granted

 

 

13,130

 

 

 

19.04

 

 

 

3.6

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at December 31, 2019

 

 

13,130

 

 

 

19.04

 

 

 

3.6

 

 

 

242