XML 89 R65.htm IDEA: XBRL DOCUMENT v3.19.3
EQUITY-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Unrecognized Compensation Cost Total unrecognized compensation expense will be adjusted for forfeitures and the achievement of certain performance conditions.
 
Unrecognized Compensation Expense Related to Outstanding Awards (in thousands)
 
Remaining Weighted-Average Amortization Period (in years)
RSUs with service vesting conditions
$
7,674

 
1.3
RSUs with performance vesting conditions
52

 
0.3
RSUs with market vesting conditions
4,122

 
1.9
Total unrecognized compensation expense
$
11,848

 
 
Summary of Restricted Stock Award and Restricted Stock Unit Activity
RSU activity during the nine months ended September 30, 2019, was as follows:
 
 
 
 
 
Performance-Based Awards
 
Service-Based Awards
 
Performance Vesting
 
Market Vesting
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value(1)
Outstanding at January 1, 2019
523

 
$
18.42

 
32

 
$
19.52

 
297

 
$
16.79

Granted
394

 
$
17.16

 
24

 
$
17.20

 
247

 
$
15.35

Settled
(249
)
 
$
18.03

 
(33
)
 
$
19.46

 
(53
)
 
$
12.36

Forfeited
(31
)
 
$
17.85

 
(1
)
 
$
17.20

 
(30
)
 
$
16.37

Outstanding at September 30, 2019
637

 
$
17.82

 
22

 
$
17.20

 
461

 
$
16.55

 
 
 
 
 
 
 
 
 
 
 
 
Vested at September 30, 2019
11

 
$
17.03

 
—

 
$
—

 
—

 
$
—

Nonvested at September 30, 2019
626

 
$
17.83

 
22

 
$
17.20

 
461

 
$
16.55

_________________________________
(1)
An independent third-party valuation was performed contemporaneously with the issuance of grants.
Summary of Key Assumptions Used for Fair Value Computation During the nine months ended September 30, 2019, the grant-date fair value of awards with market vesting conditions was calculated using a Monte Carlo simulation model with the following key assumptions:
Expected holding period
2.90 years

Risk-free rate of return
2.46
%
Expected dividend yield
5.12
%