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Stockholders' Equity and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Nonvested Restricted Stock Awards Activity

The following table summarizes restricted stock awards activity for the six months ended June 30, 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

 

330,150

 

 

$

99.49

 

 

 

284,118

 

 

$

82.84

 

  Vested

 

(206,181

)

 

$

41.51

 

 

 

(283,080

)

 

$

82.84

 

  Forfeited

 

(53,373

)

 

$

51.10

 

 

 

(1,038

)

 

$

82.64

 

Unvested shares of restricted stock

  outstanding at June 30, 2018

 

959,276

 

 

$

61.55

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Market-Based Shares [Member]  
Summary of Market-Based Shares Vesting Activity

The following table summarizes vesting activity for Market-Based Shares during the six months ended June 30, 2018, the associated compensation cost recognized in connection with each 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.