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Share-based payments (Tables)
6 Months Ended
Jun. 30, 2020
Share-based payments  
Compensation Costs Related to Share-Based Payments

Three months ended

 

Six months ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Stock option compensation expense:

 

  

 

  

 

  

 

  

SG&A expenses

$

1,543

$

1,660

$

2,730

$

3,199

Share unit expense (recovery):

 

 

  

 

  

 

  

Equity-classified share units

 

3,231

 

3,535

 

5,017

 

5,903

Liability-classified share units

 

971

 

90

 

(185)

 

240

Employee share purchase plan - employer contributions

 

610

 

572

 

1,199

 

1,125

$

6,355

$

5,857

$

8,761

$

10,467

Summary of Stock Option Activity

WA

Common

WA

remaining

Aggregate

shares under

exercise

contractual

intrinsic

    

option

    

price

    

life (in years)

    

value

Outstanding, December 31, 2019

 

2,797,189

$

29.05

 

7.1

$

38,874

Granted

 

772,074

 

40.84

 

  

 

  

Exercised

 

(679,277)

 

28.60

9,600

Forfeited

 

(28,651)

 

30.55

 

  

 

  

Expired

 

(1,201)

 

21.82

 

  

 

  

Outstanding, June 30, 2020

 

2,860,134

32.33

 

7.6

24,496

Exercisable, June 30, 2020

 

1,397,769

$

27.41

 

6.1

$

18,785

Summary of Significant Assumptions Used to Estimate the Fair Value of Stock Options

Six months ended June 30, 

    

2020

    

2019

    

Risk free interest rate

 

0.70

%  

2.5

%

Expected dividend yield

 

1.98

%  

2.06

%

Expected lives of the stock options

 

5

years

5

years

Expected volatility

 

27.8

%  

26.8

%

Summary of Share Unit Activity

Equity-classified awards

Liability-classified awards

PSUs

RSUs

DSUs

WA grant

WA grant

WA grant

date fair

date fair

date fair

    

Number

    

value

    

Number

    

value

    

Number

    

value

Outstanding, December 31, 2019

 

428,724

$

32.89

 

237,420

$

29.72

 

$

118,368

$

29.64

Granted

 

286,773

 

41.79

 

25,832

 

40.80

 

10,772

 

40.78

Vested and settled

 

(156,238)

 

31.94

 

(7,724)

 

36.23

 

 

Forfeited

 

(9,129)

 

33.79

 

(42,817)

 

27.20

 

 

Outstanding, June 30, 2020

 

550,130

$

37.78

 

212,711

$

31.34

 

$

129,140

$

30.57