XML 61 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
ADDITIONAL INFORMATION RELATED TO SHARE BASED COMPENSATION
The following table provides details of the significant inputs used in the Monte Carlo simulation model:
Year ended December 31,2021
Expected volatility 32.99%
Expected term (in years)3.0
Expected dividend yieldn/a
Risk-free interest rate0.17%
The following table provides additional information related to share-based compensation:
Year ended December 31,202120202019
Share-based compensation expense (1)
$49,415 $47,789 $52,218 
Tax benefits associated with share-based compensation expense$7,613 $8,061 $8,913 
Liability for cash-settled restricted stock units (2)
$9,091 $13,273 $21,731 
Fair value of restricted stock units vested (3)
$42,967 $50,757 $51,206 
Unrecognized share-based compensation expense$80,805 $74,014 $75,770 
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense2.4 years2.4 years2.3 years
(1)    Related to share-settled restricted stock units and cash-settled restricted stock units.
(2)    Included in other liabilities in the consolidated balance sheets.
(3)     Fair value is based on the closing price of the Company's common shares on the vest date.
RECONCILIATION OF BEGINNING AND ENDING BALANCE OF NONVESTED RESTRICTED STOCK (INCLUDING RSUS) TO BE SETTLED IN SHARES AND CASH The following table provides an activity summary of the Company's share-settled restricted stock units:
Share-Settled Performance
Restricted Stock Units		Share-Settled Service
Restricted Stock Units
Number of
restricted
stock units		Weighted average grant date
fair value		Number of
restricted
stock units		Weighted average
grant date
fair value
Nonvested restricted stock units - December 31, 2019258 $53.31 1,273 $54.32 
Granted97 62.26 894 58.98 
Vested(27)64.01 (561)55.29 
Forfeited(39)48.89 (105)57.54 
Nonvested restricted stock units - December 31, 2020289 55.92 1,501 56.50 
Granted122 49.04 1,250 48.04 
Vested(66)48.89 (561)56.42 
Forfeited(34)55.68 (128)53.37 
Nonvested restricted stock units - December 31, 2021311 $54.75 2,062 $51.59 
The following table provides an activity summary of the Company's cash-settled restricted stock units:
 Cash-Settled Performance Restricted Stock UnitsCash-Settled Service Restricted Stock Units
Number of
restricted stock units		Number of
restricted stock units
Nonvested restricted stock units - December 31, 20196 853 
Granted— 1 
Vested(6)(332)
Forfeited— (51)
Nonvested restricted stock units - December 31, 2020— 471 
Granted— — 
Vested— (233)
Forfeited— (23)
Nonvested restricted stock units - December 31, 2021— 215