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Stock-based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Stock Options, Valuation Assumptions | The weighted-average fair value of options granted and the weighted-average assumptions used in the Black-Scholes-Merton option pricing model for such grants were as follows:
| 2020 | 2019 | 2018
Dividend Yield | 0.4 | % | 0.3 | % | 0.3 | %
Expected Volatility | 39.4 | % | 36.5 | % | 34.8 | %
Risk-free Interest Rate | 0.9 | % | 2.5 | % | 2.6 | %
Expected Term (in years) | 5.3 | 5.3 | 5.3
Weighted-average Fair Value of Stock Options Granted | $ | 13.48 | $ | 19.59 | $ | 16.54
Summary Information about Stock Options Outstanding | The following table summarizes information about stock options outstanding at December 31, 2020:
| Options Outstanding |  | Options Exercisable
Range of Exercise Prices | Number Outstanding December 31, 2020 |  | Weighted Average Remaining Contractual Life (in Years) |  | Weighted Average Exercise Price |  | Number Exercisable December 31, 2020 |  | Weighted Average Exercise Price
$20.00-30.00 | 200,926 |  |  | 5.19 |  | $ | 24.11 |  |  | 200,926 |  |  | $ | 24.11 |
30.01-40.00 | 201,776 |  |  | 8.86 |  | 36.33 |  |  | — |  |  | — |
40.01-50.00 | 320,126 |  |  | 7.49 |  | 46.52 |  |  | 147,533 |  |  | 45.34 |
20.00-50.00 | 722,828 |  |  | 7.23 |  | 37.45 |  |  | 348,459 |  |  | 33.10 |
Summary of Stock Option Activity | The table below summarizes option activity for the year ended December 31, 2020:
| Options (In Thousands) |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value (in Thousands) |  | Weighted Average Fair Value
Outstanding at January 1, 2020 | 1,730 |  |  | $ | 34.71 |  |  |  |  |  |  |
Granted - pre-spin | 400 |  |  | 38.44 |  |  |  |  |  |  |
Forfeited/expired - pre-spin | (99) |  |  | 44.53 |  |  |  |  |  |  |
Exercised - pre-spin | (920) |  |  | 26.87 |  |  |  |  |  |  |
Separation of The Aaron's Company, Inc. on November 30, 2020 | (1,111) |  |  | 41.67 |  |  |  |  |  |  |
Granted in Equity Conversion on November 30, 2020 | 723 |  |  | 37.45 |  |  |  |  |  |  |
Outstanding at December 31, 2020 | 723 |  |  | 37.45 |  |  | 7.2 |  | $ | 11,873 |  |  | $ | 12.96 |
Expected to Vest | 366 |  |  | 41.60 |  |  | 8.4 |  | 4,491 |  |  | 14.76 |
Exercisable at December 31, 2020 | 348 |  |  | 33.10 |  |  | 6.1 |  | 7,237 |  |  | 11.06 |
Summary of Restricted Stock Activity | The following table summarizes information about restricted stock activity during 2020:
| Restricted Stock (In Thousands) | Weighted Average Fair Value
Non-vested at January 1, 2020 | 494 |  | $ | 44.33 |
Granted - pre-spin | 375 |  | 41.45 |
Forfeited - pre-spin | (65) |  | 44.89 |
Vested - pre-spin | (209) |  | 41.33 |
Separation of The Aaron's Company, Inc. on November 30, 2020 | (595) |  | 43.50 |
Granted in Equity Conversion on November 30, 2020 | 487 |  | 37.35 |
Forfeited - post-spin | (2) |  | 40.88 |
Vested - post-spin | (25) |  | 34.44 |
Non-vested at December 31, 2020 | 460 |  | 37.49 |
Summary of Performance Share Units | The following table summarizes information about performance share unit activity during 2020:
| Performance Share Units (In Thousands) |  | Weighted Average Fair Value
Non-vested at January 1, 2020 | 582 |  |  | $ | 43.93 |
Granted - pre-spin | 248 |  |  | 36.05 |
Forfeited/unearned - pre-spin | (62) |  |  | 45.55 |
Vested - pre-spin | (325) |  |  | 37.78 |
Separation of The Aaron's Company, Inc. on November 30, 2020 | (443) |  |  | 44.11 |
Granted in Equity Conversion on November 30, 2020 | 346 |  |  | 39.10 |
Forfeited/unearned - post-spin | (3) |  |  | 38.90 |
Vested - post-spin | (47) |  |  | 34.33 |
Non-vested at December 31, 2020 | 296 |  |  | 39.85 |

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