XML 30 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Share-based Compensation
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-based Compensation Share-based Compensation

Our share-based compensation expense primarily relates to the share-based incentive awards issued by Liberty Global to its employees and employees of its subsidiaries. A summary of our aggregate share-based compensation expense is set forth below: 
 
Three months ended
June 30,
 
Six months ended June 30,
 
2017
 
2016
 
2017
 
2016
 
in millions
Liberty Global:
 
 
 
 
 
 
 
Performance-based incentive awards (a)
$
20.8

 
$
35.8

 
$
25.3

 
$
76.9

Other share-based incentive awards
31.5

 
33.1

 
59.6

 
58.5

Total Liberty Global
52.3

 
68.9

 
84.9

 
135.4

Telenet share-based incentive awards
3.5

 
3.6

 
7.5

 
4.6

Other
0.6

 
2.1

 
3.0

 
3.6

Total
$
56.4

 
$
74.6

 
$
95.4

 
$
143.6

Included in:
 
 
 
 
 
 
 
Other operating expense:
 
 
 
 
 
 
 
Liberty Global Group
$
0.8

 
$
1.1

 
$
1.7

 
$
1.6

LiLAC Group
0.1

 
0.3

 
0.6

 
0.5

Total other operating expense
0.9

 
1.4

 
2.3

 
2.1

SG&A expense:
 
 
 
 
 
 
 
Liberty Global Group
52.6

 
70.3

 
85.1

 
137.0

LiLAC Group
2.9

 
2.9

 
8.0

 
4.5

Total SG&A expense
55.5

 
73.2

 
93.1

 
141.5

Total
$
56.4

 
$
74.6

 
$
95.4

 
$
143.6

_______________

(a)
Includes share-based compensation expense related to (i) performance-based restricted share units (PSUs), (ii) for the 2016 periods, a challenge performance award plan for certain executive officers and key employees (the Challenge Performance Awards) and (iii) through March 2017, performance grant units (PGUs) held by our Chief Executive Officer. The Challenge Performance Awards include performance-based share appreciation rights (PSARs) and PSUs.

The following table provides the aggregate number of options, share appreciation rights (SARs) and PSARs with respect to (i) Liberty Global Shares and (ii) LiLAC Shares that were (a) outstanding and (b) exercisable as of June 30, 2017:
 
Class A
 
Class C
 
Number of shares underlying awards
 
Weighted Average exercise or base price
 
Number of shares underlying awards
 
Weighted Average exercise or base price
 
 
 
 
 
 
 
 
Aggregate number of Liberty Global options, SARs and PSARs:
 
 
 
 
 
 
 
Outstanding at June 30, 2017
15,772,744

 
$
32.27

 
37,673,600

 
$
30.06

Exercisable at June 30, 2017
8,778,178

 
$
29.62

 
23,636,492

 
$
27.44

Aggregate number of LiLAC options, SARs and PSARs:
 
 
 
 
 
 
 
Outstanding at June 30, 2017
2,551,821

 
$
31.61

 
5,918,044

 
$
31.60

Exercisable at June 30, 2017
1,220,756

 
$
33.54

 
3,253,819

 
$
32.65


The following table provides the aggregate number of restricted share units (RSUs) and PSUs with respect to (i) Liberty Global Shares and (ii) LiLAC Shares that were outstanding as of June 30, 2017:
 
Class A
 
Class C
 
 
 
 
Aggregate number of RSUs:
 
 
 
Liberty Global
680,875

 
1,353,264

LiLAC
191,990

 
393,870

Aggregate number of PSUs:
 
 
 
Liberty Global
2,425,135

 
4,857,495

LiLAC
432,405

 
864,853