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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Schedule of Total Stock-Based Compensation Expense Included in Company's Consolidated Statements of Income and Comprehensive Income

The total stock-based compensation expense included in the Company’s consolidated statements of income and comprehensive income was as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenues

 

$

1.2

 

 

$

0.8

 

 

$

3.1

 

 

$

1.9

 

Research and development expense

 

 

1.0

 

 

 

1.0

 

 

 

3.0

 

 

 

2.8

 

Selling, general and administrative expense

 

 

5.1

 

 

 

4.0

 

 

 

15.9

 

 

 

16.2

 

Acquisition and integration related expense

 

 

0.1

 

 

 

1.2

 

 

 

0.7

 

 

 

20.8

 

Restructuring related expense

 

 

 

 

 

0.4

 

 

 

 

 

 

0.4

 

Total pre-tax stock-based compensation expense

 

$

7.4

 

 

$

7.4

 

 

$

22.7

 

 

$

42.1

 

Summary of Activity for RSUs under 2014 Plan

The following table presents the activity for RSUs under the 2014 Plan:

 

 

 

Nine Months Ended September 30, 2020

 

 

 

Outstanding RSUs

 

 

Weighted Average

Grant Date

Fair Value

 

RSUs – beginning of period

 

 

1,102,534

 

 

$

85.93

 

Accrued dividend shares

 

 

535

 

 

$

107.82

 

Granted

 

 

305,610

 

 

$

98.25

 

Vested

 

 

(732,416

)

 

$

85.32

 

Forfeited

 

 

(63,094

)

 

$

85.40

 

RSUs – end of period

 

 

613,169

 

 

$

92.87

 

 

Stock Appreciation Rights (SARs) [Member]  
Summary of Activity for SARs under 2014 Plan

The following table presents the activity for SARs under the 2014 Plan:

 

 

 

Nine Months Ended September 30, 2020

 

 

 

Outstanding SARs

 

 

Weighted Average

Grant Date

Fair Value

 

SARs – beginning of period

 

 

108,854

 

 

$

29.05

 

Exercised

 

 

(49,492

)

 

$

27.42

 

Forfeited or expired

 

 

(1,400

)

 

$

22.39

 

SARs – end of period

 

 

57,962

 

 

$

30.61