XML 86 R40.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award  
Valuation Assumptions
The fair value of stock options granted under WML's Share Option Plan was estimated on the date of grant using the following weighted average assumptions:
Years Ended December 31,
201920182017
Expected dividend yield5.7 %5.7 %5.7 %
Expected volatility40.7 %40.2 %41.5 %
Risk-free interest rate1.4 %2.3 %1.1 %
Expected term (years)6.56.56.5
Wynn Resorts Limited 2014 Omnibus Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Option Activity
The summary of stock option activity under the Omnibus Plan for the year ended December 31, 2019 is presented below:
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2019345,790  $60.99  
Granted—  —  
Exercised(293,690) 50.04  
Forfeited or expired(28,400) 158.09  
Outstanding as of December 31, 201923,700  $80.42  6.16$1,385,194  
Fully vested and expected to vest as of December 31, 201923,700  $80.42  6.16$1,385,194  
Exercisable as of December 31, 201923,700  $80.42  6.16$1,385,194  

The following is provided for stock options under the Omnibus Plan (in thousands):
Years Ended December 31,
201920182017
Intrinsic value of stock options exercised$24,731  $22,387  $29,716  
Cash received from the exercise of stock options$14,696  $20,148  $61,506  
Restricted Stock Award Activity
The summary of nonvested and performance nonvested share activity under the Omnibus Plan for the year ended December 31, 2019 is presented below:
Shares
Weighted
Average
Grant Date
Fair Value
Nonvested as of January 1, 2019526,387  $127.84  
Granted413,697  119.61  
Vested(151,808) 117.88  
Forfeited(43,825) 138.78  
Nonvested as of December 31, 2019744,451  $123.62  
Restricted Stock Award Activity
The following is provided for the share awards under the Omnibus Plan (in thousands, except weighted average grant date fair value):
Years Ended December 31,
201920182017
Weighted average grant date fair value$119.61  $170.13  $109.28  
Fair value of shares vested$19,428  $13,024  $45,801  
Original Share Option Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Restricted Stock Award Activity
The summary of stock option activity under the Original Share Option Plan for the year ended December 31, 2019 is presented below:
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (years)
Aggregate
Intrinsic
Value
Outstanding as of January 1, 201910,558,400  $2.49  
Granted455,000  $2.54  
Exercised—  $—  
Outstanding as of December 31, 201911,013,400  $2.51  6.87$2,521,979  
Fully vested and expected to vest as of December 31, 201911,013,400  $2.51  6.87$2,521,979  
Exercisable as of December 31, 20195,212,000  $2.60  5.37$1,398,941  
The following is provided for stock options under the Original Share Option Plan (in thousands, except weighted average grant date fair value):
Years Ended December 31,
201920182017
Weighted average grant date fair value$0.55  $0.57  $0.56  
Intrinsic value of stock options exercised$—  $1,715  $369  
Cash received from the exercise of stock options$—  $1,823  $703  
Share Award Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Restricted Stock Award Activity
The summary of nonvested share activity under the Share Award Plan for the year ended December 31, 2019 is presented below:
Shares
Weighted
Average
Grant Date
Fair Value
Nonvested as of January 1, 20199,753,267  $2.07  
Granted3,742,418  $2.43  
Vested(2,420,915) $1.44  
Forfeited(1,408,607) $2.26  
Nonvested as of December 31, 20199,666,163  $2.36  

The weighted average grant date fair value for shares granted during the year and the total fair value of shares vested under the Share Award Plan is presented below (in thousands, except weighted average grant date fair value):

Years Ended December 31,
201920182017
Weighted average grant date fair value$2.43  $3.07  $2.22  
Fair value of shares vested$5,139  $12,442  $6,884  
Share-Based Compensation Allocated Costs
The total compensation cost for stock-based compensation plans was recorded as follows (in thousands):
Years Ended December 31,
201920182017
Casino$7,903  $5,946  $6,954  
Rooms1,046  437  655  
Food and beverage1,807  1,125  1,466  
Entertainment, retail and other174  111  147  
General and administrative28,772  28,872  34,749  
Pre-opening670  750  —  
Property charges and other (1)
—  (2,201) —  
Total stock-based compensation expense40,372  35,040  43,971  
Total stock-based compensation capitalized350  11  80  
Total stock-based compensation costs$40,722  $35,051  $44,051