XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Equity Compensation Goals

​

​

​

​

​

​

​

​

Revenue Goal (1)
(in thousands)

​

Achievement Status

​

Adjusted EBITDA
(in thousands)

​

Achievement Status

Goal #1, $710,058

​

Achieved

​

Goal #1, $125,000

​

Achieved

Goal #2, $860,058

​

Achieved

​

Goal #2, $155,000

​

Achieved

Goal #3, $1,010,058

​

Probable

​

Goal #3, $175,000

​

Achieved

Goal #4, $1,210,058

​

Probable

​

Goal #4, $190,000

​

Achieved

Goal #5, $1,410,058

​

Not Applicable

​

Goal #5, $200,000

​

Achieved

Goal #6, $1,610,058

​

Not Applicable

​

Goal #6, $210,000

​

Achieved

Goal #7, $1,810,058

​

Not Applicable

​

Goal #7, $220,000

​

Achieved

Goal #8, $2,010,058

​

Not Applicable

​

Goal #8, $230,000

​

Achieved

(1)In connection with the business acquisition that was completed during the three months ended September 30, 2018, the revenue goals were adjusted for the acquiree’s Target Revenue, as defined in the CEO Performance Award agreement.
Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity for the three months ended March 31, 2022 (number of units and aggregate intrinsic value in thousands):

​

​

​

​

​

​

​

​

​

​

​

    

Number of

    

Weighted Average

    

Aggregate

​

​

Units

​

Grant-Date Fair Value

​

Intrinsic Value

Units outstanding, beginning of year

 

1,115

​

$

133.40

 

​

  

Granted

 

149

​

 

137.89

 

​

  

Released

 

(93)

​

 

76.70

 

​

  

Forfeited

 

(25)

​

 

136.92

 

​

  

Units outstanding, end of period

 

1,146

​

 

138.48

​

$

157,892

Summary of Performance Stock Unit Activity

The following table summarizes PSU activity, inclusive of XSUs, for the three months ended March 31, 2022 (number of units and aggregate intrinsic value in thousands):

​

​

​

​

​

​

​

​

​

​

​

    

Number of

    

Weighted Average

    

Aggregate

​

​

Units

​

Grant-Date Fair Value

​

Intrinsic Value

Units outstanding, beginning of year

 

1,499

​

$

39.86

 

​

  

Granted

 

46

​

 

130.33

 

​

  

Released

 

(18)

​

 

128.52

 

​

  

Forfeited

 

(10)

​

 

53.93

 

​

  

Units outstanding, end of period

 

1,517

​

 

41.48

​

$

208,987

Summary of the Company's Stock Options Activity

The following table summarizes stock option activity for the three months ended March 31, 2022 (number of units and aggregate intrinsic value in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted

    

​

​

​

​

​

​

Weighted

​

Average

​

​

​

​

​

Number

​

Average

​

Remaining

​

​

​

​

​

of

​

Exercise

​

Contractual

​

Aggregate

​

​

Options

​

Price

​

Life (years)

​

Intrinsic Value

Options outstanding, beginning of year

 

2,438

​

$

28.58

 

  

 

​

  

Granted

 

—

​

 

—

 

  

 

​

  

Exercised

 

—

​

 

—

 

  

 

​

  

Expired / terminated

 

—

​

 

—

 

​

 

​

  

Options outstanding, end of period

 

2,438

​

 

28.58

 

5.91

​

$

266,103

Options exercisable, end of period

 

1,377

​

 

28.58

 

5.91

​

 

150,297

Reported Share-Based Compensation

The following table summarizes the composition of stock-based compensation expense for the three months ended March 31, 2022 and 2021 (in thousands):

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

    

2022

    

2021

Cost of products sold and services delivered

​

$

1,108

​

$

1,489

Sales, general and administrative expenses

​

 

10,998

​

 

71,015

Research and development expenses

​

 

12,982

​

 

17,106

Total stock-based compensation expense

​

$

25,088

​

$

89,610