XML 43 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

Share-Based Compensation | 3 Months Ended
--- | ---
Mar. 31, 2021
Share-based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation During the three months ended March 31, 2021, we granted 3.8 million restricted stock units ("RSUs") under the Rackspace Technology, Inc. 2020 Equity Incentive Plan with a weighted-average grant date fair value of $22.67. The majority of the RSUs were granted as part of our annual compensation award process and vest ratably over a three-year period, subject to continued service. Share-based compensation expense recogniz ed was as follows:
| Three Months Ended March 31, |  |
(In millions) | 2020 |  | 2021 |  |  |  |
Cost of revenue | $ | 1.8 |  |  | $ | 4.9 |  |  |  |  |
Selling, general and administrative expenses | 5.7 |  |  | 12.3 |  |  |  |  |
Pre-tax share-based compensation expense | 7.5 |  |  | 17.2 |  |  |  |  |
Less: Income tax benefit | (1.6) |  |  | (3.6) |  |  |  |  |
Total share-based compensation expense, net of tax | $ | 5.9 |  |  | $ | 13.6 |  |  |  |  |
As of March 31, 2021, there was $157.0 million of total unrecognized compensation cost related to stock options, RSUs and the ESPP, which will be recognized using the straight-line method over a weighted average period of 2.2 years.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration