XML 34 R23.htm IDEA: XBRL DOCUMENT

Management Succession Costs	9 Months Ended
Management Succession Costs	Sep. 30, 2020
Compensation Related Costs [Abstract]
Management Succession Costs	MANAGEMENT SUCCESSION COSTS On September 24, 2020, the Company initiated a management succession plan after Tom Giacomini, the Company's former CEO, resigned from the Company. In connection with this succession plan, the Company entered into a separation agreement with Mr. Giacomini that provides for a lump sum separation payment of $6.4 million. This separation cost of $6.4 million was recognized as Selling, general, and administrative expense in the condensed consolidated statement of income in the three months ended September 30, 2020 and as accrued payroll in the Balance Sheet as of September 30, 2020. Termination of Mr. Giacomini's employment has resulted in the forfeiture of 96,427 nonvested shares under the Company’s stock-based compensation plans. Accordingly, the Company recorded a benefit of $2.9 million associated with the reversal of previously accrued amounts for these unvested shares as stock based compensation expense within selling, general, and administrative expense in the three months ended September 30, 2020.