XML 88 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock-based Compensation Expense Stock-based compensation expense relates to awards issued in connection with and after the Separation. Information related to stock-based compensation expense is as follows (in thousands): 

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Stock-based compensation expense

 

$

7,588

 

 

$

9,423

 

 

$

2,627

 

Income tax benefit related to stock-based

   compensation expense

 

 

2,840

 

 

 

1,222

 

 

643

 

 

Schedule of Outstanding Stock-based Compensation Awards

Information related to outstanding stock-based compensation awards as of December 31, 2019 for restricted share units (“RSUs”), performance share units (“PSUs”), and the Cars.com Employee Stock Purchase Plan (“ESPP”) is as follows (in thousands, except for weighted-average remaining period): 

 

 

 

Unearned

Compensation

 

 

Weighted-Average

Remaining Period

(in years)

 

RSUs

 

$

14,708

 

 

 

2.0

 

PSUs

 

 

518

 

 

 

2.2

 

ESPP

 

 

161

 

 

 

0.3

 

Total

 

$

15,387

 

 

 

2.0

 

Summary of RSU Activity RSU activity for the year ended December 31, 2019 is as follows (in thousands, except for weighted-average grant date fair value):

 

 

Number

of RSUs

 

 

Weighted-Average

Grant Date

Fair Value

 

Outstanding as of December 31, 2018

 

 

769

 

 

$

26.20

 

Granted

 

 

582

 

 

 

23.51

 

Vested and delivered

 

 

(241

)

 

 

26.00

 

Forfeited

 

 

(167

)

 

 

25.23

 

Outstanding as of December 31, 2019 (1)

 

 

943

 

 

 

24.68

 

 

(1)

The outstanding balance as of December 31, 2019 includes 81,000 RSUs that were vested, but not yet delivered.

Summary of PSU Activity PSU activity for the year ended December 31, 2019 is as follows (in thousands, except for weighted-average grant date fair value):

 

 

Number

of PSUs

 

 

Weighted-Average

Grant Date

Fair Value

 

Outstanding as of December 31, 2018

 

 

766

 

 

$

27.37

 

Granted

 

 

212

 

 

 

23.99

 

Vested and delivered

 

 

 

 

 

 

Forfeited

 

 

(25

)

 

 

26.27

 

Outstanding as of December 31, 2019

 

 

953

 

 

 

26.60