XML 59 R44.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table provides a summary of restricted stock awards activity under the 2010 and 2017 Plans as of September 30, 2019:
Nine Months Ended September 30, 2019
Restricted Stock
Number of Time-Based Restricted Stock Units
Aggregate Intrinsic Value (in millions)
Number of Performance-Based Restricted Stock Units
Aggregate Intrinsic Value (in millions)
Number of Market Performance-Based Restricted Stock Units
Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2018
1,028,256

$
26.3

71,428

$
1.8

587,500

$
15.0

Granted
276,134

 
—

 
243,168

 
Vested (1)
(377,257
)
 
(14,286
)
 
—

 
Forfeited
(150,795
)
 
—

 
(51,480
)
 
Non-vested as of September 30, 2019
776,338

$
28.8

57,142

$
2.1

779,188

$
28.9

(1)
For certain vested restricted stock units, common shares shall not be issued until the first to occur of: (1) termination of service; (2) change in control; (3) death; or (4) disability, as defined in the 2010 Plan. Of these vested restricted stock units, 568,753 belong to a member of the Board of Trustees who has resigned and common shares shall not be issued until the first to occur: (1) change in control; or (2) April 13, 2022. Holders of these certain vested restricted stock units are entitled to receive dividends, but are not entitled to vote the shares until common shares are issued. The amount of vested restricted stock units was 627,890 as of September 30, 2019 and had a related aggregate intrinsic value of $23.3 million at $37.07 per unit.
The following table summarizes restricted stock unit grants under the 2017 Plan during the nine months ended September 30, 2019 and 2018, respectively:
Nine Months Ended September 30,
Grantee Type
# of
Restricted Stock
Units Granted
Vesting
Period
Grant Date
Fair Value
(in thousands)
2019
Trustee group
18,267
1 year
$
575

2019
Employee group
501,035
1-3 years
$
16,708

2018
Trustee group
373,438
1-3 years
$
5,975

2018
Employee group
965,501
1-4 years
$
14,334
Schedule of Stock Option Activity
The following tables provide a summary of option activity for the nine months ended September 30, 2019 and 2018, respectively:
Options
Shares
(In thousands)
Weighted-Average Exercise Price
Weighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2018
2,355,787

$
9.81

5.4
Granted
—

—

 
Exercised
(1,327,289
)
9.81

 
Forfeited or expired
(219,000
)
9.81

 
Outstanding as of September 30, 2019
809,498

9.81

6.1
 
 
 
 
Exercisable as of September 30, 2019
183,500

$
9.81

4.7
Outstanding as of December 31, 2017
5,477,617

$
9.72

6.0
Granted
—

—

 
Exercised
(2,617,351
)
9.68

 
Forfeited or expired
(91,000
)
9.81

 
Outstanding as of September 30, 2018
2,769,266

9.77

5.6
 
 
 
 
Exercisable as of September 30, 2018
1,859,778

$
9.73

4.7