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Share-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Option Grant Fair Value Assumptions | The fair value of option grants is estimated on the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions for option grants during the periods indicated below:
|  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Expected volatility |  |  | 47.83 | % |  |  | 44.99 | %
Expected dividends |  |  | 2.63 | % |  |  | 0.00 | %
Expected term (in years) |  |  | 6.0 |  |  |  | 6.0 |
Risk-free rate |  |  | 0.64 | % |  |  | 0.70 | %
Summary of Company's Stock Option Plan Activity | The following table summarizes the stock option activity for the nine months ended September 30, 2021:
In thousands, except per share amounts |  | Number of Shares |  |  | Weighted-Average Exercise Price Per Share |  |  | Weighted-Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Value |
Options outstanding at January 1, 2021 |  |  | 908 |  |  | $ | 19.73 |  |  |  |  |  |  |  |  |
Granted |  |  | 137 |  |  |  | 30.44 |  |  |  |  |  |  |  |  |
Exercised |  |  | (415 | ) |  |  | 19.73 |  |  |  |  |  |  |  |  |
Forfeited |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Expired |  |  | (3 | ) |  |  | 16.30 |  |  |  |  |  |  |  |  |
Options outstanding at September 30, 2021 |  |  | 627 |  |  | $ | 22.09 |  |  |  | 6.6 |  |  | $ | 22,622 |
Options exercisable at September 30, 2021 |  |  | 371 |  |  | $ | 19.47 |  |  |  | 5.0 |  |  | $ | 14,355 |
Summary of Additional Stock Option Information | The following table provides additional stock option information for the periods indicated:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
In thousands, except per share amounts |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Weighted-average grant date fair value per share |  | $ | — |  |  | $ | 6.82 |  |  | $ | 10.52 |  |  | $ | 7.56 |
Intrinsic value of options exercised |  | $ | 2,634 |  |  | $ | — |  |  | $ | 10,026 |  |  | $ | 219 |
Fair value of stock options that vested |  | $ | 8 |  |  | $ | 33 |  |  | $ | 8 |  |  | $ | 385 |
Summary of RSU Activity | The following table summarizes RSU activity during the nine months ended September 30, 2021:
In thousands, except per unit amounts |  | Units |  |  | Weighted-Average Grant Date Fair Value Per Unit |
Non-vested units at January 1, 2021 |  |  | 124 |  |  | $ | 21.89 |
Granted (target) |  |  | 45 |  |  |  | 30.22 |
Achieved performance adjustment (1) |  |  | 2 |  |  |  | 28.25 |
Vested |  |  | (42 | ) |  |  | 28.25 |
Forfeited |  |  | — |  |  |  | — |
Non-vested units at September 30, 2021 |  |  | 129 |  |  | $ | 22.84 |
(1) | The 2018 LTIP RSUs were earned and vested at 105.6% of target, as described in greater detail in the Company’s definitive proxy statement filed with the SEC on April 16, 2021.
Summary of Additional RSU Information | The following table provides additional RSU information for the periods indicated:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
In thousands, except per unit amounts |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Weighted-average grant date fair value per unit |  | $ | — |  |  | $ | — |  |  | $ | 30.22 |  |  | $ | 15.86 |
Fair value of RSUs that vested |  | $ | — |  |  | $ | — |  |  | $ | 1,199 |  |  | $ | 1,314 |
Summary of RSA Activity | The following table summarizes RSA activity during the nine months ended September 30, 2021:
In thousands, except per share amounts |  | Shares |  |  | Weighted-Average Grant Date Fair Value Per Share |
Non-vested shares at January 1, 2021 |  |  | 266 |  |  | $ | 19.34 |
Granted |  |  | 175 |  |  |  | 33.19 |
Vested |  |  | (72 | ) |  |  | 17.15 |
Forfeited |  |  | (14 | ) |  |  | 23.60 |
Non-vested shares at September 30, 2021 |  |  | 355 |  |  | $ | 26.44 |
Summary of Additional RSA Information | The following table provides additional RSA information for the periods indicated:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
In thousands, except per share amounts |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Weighted-average grant date fair value per share |  | $ | 53.61 |  |  | $ | 17.65 |  |  | $ | 33.19 |  |  | $ | 18.79 |
Fair value of RSAs that vested |  | $ | 179 |  |  | $ | 235 |  |  | $ | 1,231 |  |  | $ | 1,356 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -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 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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