XML 57 R44.htm IDEA: XBRL DOCUMENT v3.21.2

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Stock-Based Compensation [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table provides the assumptions used to determine the grant date fair value of the market condition-dependent / TSR goal-based portion of the Company’s performance stock units granted during the six months ended June 30, 2021 using a Monte Carlo simulation:

Expected dividend yield						—		%
Risk-free interest rate						0.20		%
Expected volatility						41.70		%
Expected term (in years)						2.95
Grant date fair value						$	13.21

Schedule of Nonvested Restricted Stock and Performance Stock Unit Activity

The following table summarizes the activity for the Company’s restricted stock units and performance stock units for the six months ended June 30, 2021:

						Restricted Stock Units												Performance Stock Units
						Number of Units						Weighted Average Grant Date Fair Value (per share)						Number of Units						Weighted Average Grant Date Fair Value (per share)
Nonvested as of December 31, 2020						1,841,139						$	16.14					965,736						$	17.69
Granted						1,697,623						$	15.39					211,985						$	13.21
Vested						(770,187)						$	16.00					—						$	—
Forfeited						(35,834)						$	15.77					(11,073)						$	16.98
Nonvested as of June 30, 2021						2,732,741						$	15.72					1,166,648						$	16.92

Share-based Payment Arrangement, Expensed and Capitalized, Amount

Stock-based compensation expense for the Company is as follows:

						Three months ended June 30,												Six months ended June 30,
						2021						2020						2021						2020
Continuing operations						6,339						4,629						$	12,644					$	8,969
Discontinued operations						1,816						1,737						3,691						3,317
Stock-based compensation expense						8,155						6,366						16,335						12,286
Continuing operations						(1,552)						(1,157)						(3,095)						(2,222)
Discontinued operations						(444)						(419)						(903)						(822)
Income tax benefit						(1,996)						(1,576)						(3,998)						(3,044)
Continuing operations						4,787						3,472						9,549						6,747
Discontinued operations						1,372						1,318						2,788						2,495
Stock-based compensation expense, net of income tax benefit						$	6,159					$	4,790					$	12,337					$	9,242

X

- Definition

Stock-Based Compensation [Abstract]

+ References

No definition available.

+ Details

Name:	ecvt_StockBasedCompensationAbstract
Namespace Prefix:	ecvt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ 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 (h)(1)
-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 S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ 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)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration