STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Summary of stock-based compensation expenses

During the three months ended March 31, 2020 and 2019, the Company recorded and capitalized the following stock-based compensation expense:

	Three Months Ended March 31,
	2020		2019
Stock-based compensation expense Property	$	0.6	$	0.6
Stock-based compensation expense Services	0.3		0.3
Stock-based compensation expense SG&A	46.8		41.6
Total stock-based compensation expense	$	47.7	$	42.5
Stock-based compensation expense capitalized as property and equipment	$	0.5	$	0.5

Summary of the company's option activity

The Company’s option activity for the three months ended March 31, 2020 was as follows (shares disclosed in full amounts):

	Number of Options
Outstanding as of January 1, 2020	3,060,242
Granted	—
Exercised	(130,706)
Forfeited	—
Expired	—
Outstanding as of March 31, 2020	2,929,536

Summary of the company's restricted stock unit activity

The Company’s RSU and PSU activity for the three months ended March 31, 2020 was as follows (shares disclosed in full amounts): 

	RSUs	PSUs
Outstanding as of January 1, 2020 (1)	1,454,350	528,908
Granted (2)	432,104	93,332
Vested and Released (3)	(592,390)	(205,434)
Forfeited	(11,730)	—
Outstanding as of March 31, 2020	1,282,334	416,806
Vested and deferred as of March 31, 2020 (4)	—	77,340

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(1)PSUs consist of the target number of shares issuable at the end of the three-year performance period for the 2019 PSUs and 2018 PSUs, or 114,823 and 131,311 shares, respectively, and the shares issuable at the end of the three-year performance period for the PSUs granted in 2017 (“2017 PSUs”) based on achievement against the performance metrics for the three-year performance period, or 282,774 shares.

(2)PSUs consist of the target number of shares issuable at the end of the three-year performance period for the 2020 PSUs, or 93,332 shares.

(3)This includes 19,810 of previously vested and deferred RSUs. PSUs consist of shares vested pursuant to the 2017 PSUs. There are no additional shares to be earned related to the 2017 PSUs.

(4)Vested and deferred RSUs are related to deferred compensation for certain former employees.