XML 55 R39.htm IDEA: XBRL DOCUMENT
v3.20.4

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Employee Equity-Based Compensation Expense |
| Year ended December 31, |  |
(In millions) | 2020 |  | 2019 |  | 2018 |  |
Total stock-based compensation expense (selling, general and administrative and other operating charges, net) | $ | 10.5 |  |  | $ | 4.1 |  |  | $ | 3.3 |  |  |
Income tax benefit related to stock-based compensation | 2.7 |  |  | 1.0 |  |  | 1.5 |  |  |
Impact on cash flow due to taxes paid related to net share settlement of equity awards | 0.7 |  |  | 0.4 |  |  | 0.4 |  |  |
Summary of Status of Outstanding RSU Awards | A summary of the status of outstanding restricted stock units as of December 31, 2020, and changes during the year, is presented below:
| Time Vested |  | Performance-based
| Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Restricted stock units, outstanding at December 31, 2019 | 190,190 |  |  | $ | 31.76 |  |  | 177,032 |  |  | $ | 29.09 |
Granted | 377,822 |  |  | 23.46 |  |  | 120,382 |  |  | 27.67 |
Vested | (81,214) |  |  | 35.12 |  |  | — |  |  | — |
Forfeited / Canceled 1 | (61,546) |  |  | 26.41 |  |  | (103,069) |  |  | 29.92 |
Restricted stock units, outstanding at December 31, 2020 | 425,252 |  |  | 24.52 |  |  | 194,345 |  |  | 27.76 |
Deferred shares, outstanding at December 31, 2020 | 33,663 |  |  | 7.31 |  |  | — |  |  |
Total units outstanding at December 31, 2020 | 458,915 |  |  | $ | 23.26 |  |  | 194,345 |  |  | 27.76 |
Assumption Used in Black-Scholes Option-Pricing Model to Estimate Fair Value of Stock Options |
|  | 2018 |
Volatility | The expected volatility is based upon Clearwater Paper's historical stock prices. |  | 35 | % |
Risk-free interest rate | The risk-free interest rate is based on constant maturity treasury rates with maturities matching the options' expected life on the grant date. |  | 2.74 | % |
Expected life-years | The expected life is the approximate mid-point between the expected vesting time and the remaining contractual life. |  | 6 years |
Summary of Status of Outstanding Stock Option Awards and Changes During the Year | A summary of the status of outstanding stock option awards as of December 31, 2020, and changes during the year, is presented below:
|  | Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value
Outstanding options at December 31, 2019 |  | 656,374 |  |  | $ | 49.36 |  |  | 6.2 |  | $ | — |
Exercised |  | (972) |  |  | 29.12 |  |  |  |  |
Forfeited |  | (23,164) |  |  | 37.49 |  |  |  |  |
Expired |  | (278,792) |  |  | 50.71 |  |  |  |  |
Outstanding options at December 31, 2020 |  | 353,446 |  |  | $ | 49.13 |  |  | 5.2 |  | $ | — |
Outstanding and exercisable options at December 31, 2020 |  | 325,161 |  |  | $ | 50.16 |  |  | 5.0 |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
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=115993241&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: | nonnum: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: | nonnum: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: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for exercisable or convertible options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration