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Stockholders' Equity and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Summary of Nonvested Restricted Stock Awards Activity

The following table summarizes restricted stock awards activity for the three months ended March 31, 2018:

 

 

Time-based

 

 

Market-Based

 

 

Restricted Stock Awards

 

 

Restricted Stock Awards

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

Unvested shares of restricted stock

  outstanding at December 31, 2017

 

888,680

 

 

$

42.17

 

 

 

 

 

$

 

  Granted

 

227,243

 

 

$

92.94

 

 

 

284,118

 

 

$

82.84

 

  Vested

 

(14,211

)

 

$

0.29

 

 

 

(283,080

)

 

$

82.84

 

  Forfeited

 

(19,726

)

 

$

47.19

 

 

 

(1,038

)

 

$

82.64

 

Unvested shares of restricted stock

  outstanding at March 31, 2018

 

1,081,986

 

 

$

53.29

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Market-based Stock [Member]  
Summary of Market-based Stock Vesting Activity

The following table summarizes market-based stock vesting activity during the three months ended March 31, 2018, the associated compensation cost recognized in connection with the vesting event and the number of shares withheld to satisfy tax withholding obligations:

Vesting Condition

Date Vested

 

Number of Shares Vested

 

 

Compensation Cost Recognized Upon Vesting

 

Shares Withheld for Taxes1

 

Market-based (TEV = $5.9 billion)

March 14, 2018

 

 

141,599

 

 

$9.7 million

 

 

54,000

 

Market-based (TEV = $6.2 billion)

March 23, 2018

 

 

141,481

 

 

$10.1 million

 

 

54,909

 

 

1 All shares withheld to satisfy tax withholding obligations are held as treasury stock.