Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Below is a summary of our compensation expense for the three and six months ended June 30, 2018 and 2017 and our unearned compensation as of June 30, 2018 and December 31, 2017 (in millions):



	Deferred Compensation									Unearned Compensation				Expected period to recognize unearned compensation (in years)
	Expensed				Capitalized					As of June 30, 2018		As of December 31, 2017
	Three Months Ended June 30,
Type of incentive award	2018		2017		2018			2017
Long-term incentive units	$	2.9	$	1.9	$	(0.1	)	$	0.4	$	13.2	$	6.9	3.0
Market performance-based awards	3.5		2.6		0.4			0.5		34.8		24.7		2.5
Restricted stock	1.7		1.1		1.1			0.8		26.5		17.5		2.9

	Six Months Ended June 30,
	2018		2017		2018			2017
Long-term incentive units	$	3.8	$	2.6	$	0.1		$	0.8
Market performance-based awards	6.6		4.6		0.7			1.2
Restricted stock	3.2		2.1		2.1			1.7

Summary of Long-Term Incentive Unit Activity

Below is a summary of our long-term incentive unit activity for the six months ended June 30, 2018.



Unvested Long-term Incentive Units	Units		Weighted-Average Grant Date Fair Value
Unvested, beginning of period	99,295		$	90.59
Granted	105,800		99.71
Vested	(32,575	)	97.49
Cancelled or expired	(15,356	)	83.93
Unvested, end of period	157,164		$	95.76

Market Performance Based Awards

In the event that the RMS Relative Market Performance during the Market Performance Period is achieved at the “threshold,” “target” or “high” level as set forth below, the awards will become vested as to the market condition with respect to the percentage of Class D units or RSUs, as applicable, set forth below:



Level	RMS Relative Market Performance	Market Performance Vesting Percentage
Below Threshold Level	≤ -300 basis points	0%
Threshold Level	-300 basis points	25%
Target Level	100 basis points	50%
High Level	> 500 basis points	100%

Schedule Of Valuation Assumptions

Assumptions used in the valuations are summarized as follows:



Award Date	Expected Stock Price Volatility	Risk-Free Interest rate
January 1, 2017	25%	1.49%
February 28, 2017	23%	1.43%
January 1, 2018	22%	1.98%
March 1, 2018	22%	2.34%
March 9, 2018	22%	2.42%

Summary of Restricted Stock Activity

Below is a summary of our restricted stock activity for the six months ended June 30, 2018.



Unvested Restricted Stock	Shares		Weighted-Average Grant Date Fair Value
Unvested, beginning of period	259,422		$	90.54
Granted	162,310		99.59
Vested	(83,468	)	82.28
Cancelled or expired	(24,184	)	96.79
Unvested, end of period	314,080		$	96.95

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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