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Stockholders' Equity and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Summary of Nonvested Restricted Stock Awards Activity

The following table summarizes restricted stock awards activity for the three months ended March 31, 2019:

 

 

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, 2018

 

806,469

 

 

$

67.54

 

 

 

 

 

$

 

  Granted

 

239,109

 

 

$

131.88

 

 

 

280,960

 

 

$

102.76

 

  Vested

 

 

 

 

 

 

 

(280,408

)

 

$

102.76

 

  Forfeited

 

(20,083

)

 

$

71.66

 

 

 

(552

)

 

$

102.57

 

Unvested shares of restricted stock

  outstanding at March 31, 2019

 

1,025,495

 

 

$

82.46

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

The following table summarizes vesting activity for Market-Based Shares during the three months ended March 31, 2019, 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 = $8.65 billion)

February 13, 2019

 

 

140,218

 

 

$14.9 million

 

 

54,507

 

Market-based (TEV = $9.35 billion)

February 22, 2019

 

 

140,190

 

 

$13.9 million

 

 

55,547

 

 

 

1

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