XML 68 R58.htm IDEA: XBRL DOCUMENT v3.22.2
Employee Incentive Plans - Restricted and Performance Awards (Details) - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jan. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Unvested restricted units              
Number of Units              
Non-vested, beginning of period (in shares)           7,507,471  
Granted (in shares)   193,935       2,386,493  
Vested (in shares)           (1,100,302)  
Forfeited (in shares)           (131,415)  
Non-vested, end of period (in shares) 8,662,247     8,662,247   8,662,247  
Aggregate intrinsic value, end of period $ 73.6     $ 73.6   $ 73.6  
Weighted Average Grant-Date Fair Value              
Non-vested, beginning of period (in dollars per share)           $ 5.46  
Granted (in dollars per share)           8.81  
Vested (in dollars per share)           10.22  
Forfeited (in dollars per share)           5.91  
Non-vested, end of period (in dollars per share) $ 5.77     $ 5.77   $ 5.77  
Incentive unit award vesting period           3 years  
Units withheld for payroll taxes (in shares)           296,453  
Aggregate intrinsic value of units vested       $ 0.6 $ 0.9 $ 8.2 $ 3.9
Fair value of units vested   $ 1.7   0.5 $ 2.3 11.2 12.5
Unrecognized compensation cost related to non-vested restricted incentive units $ 25.7     $ 25.7   $ 25.7  
Unrecognized compensation costs, weighted average period for recognition (in years)           2 years  
ENLC Performance Units:              
Grants in period   193,935       2,386,493  
Performance units              
Number of Units              
Non-vested, beginning of period (in shares)           3,574,827  
Granted (in shares)           1,204,882  
Vested (in shares)           (708,361)  
Non-vested, end of period (in shares) 4,071,348     4,071,348   4,071,348  
Aggregate intrinsic value, end of period $ 34.6     $ 34.6   $ 34.6  
Weighted Average Grant-Date Fair Value              
Non-vested, beginning of period (in dollars per share)           $ 6.40  
Granted (in dollars per share)           11.60  
Vested (in dollars per share)           15.57  
Non-vested, end of period (in dollars per share) $ 6.34     $ 6.34   $ 6.34  
Units withheld for payroll taxes (in shares)           273,357  
Aggregate intrinsic value of units vested           $ 5.6 0.6
Fair value of units vested           11.0 $ 4.4
Unrecognized compensation cost related to non-vested restricted incentive units $ 20.3     $ 20.3   $ 20.3  
Unrecognized compensation costs, weighted average period for recognition (in years)           2 years  
ENLC Performance Units:              
Grant-date fair value (in dollars per share) $ 11.71 $ 11.90 $ 4.70        
Beginning TSR Price (in dollars per share) $ 8.54 $ 8.83 $ 3.71        
Risk-free interest rate (as a percent) 3.35% 2.15% 0.17%        
Volatility factor (as a percent) 76.00% 75.00% 71.00%        
Grants in period           1,204,882  
Performance units | Minimum              
Weighted Average Grant-Date Fair Value              
Percent of units vesting (as a percent)           0.00%  
Performance units | Maximum              
Weighted Average Grant-Date Fair Value              
Percent of units vesting (as a percent)           200.00%  
Performance Shares With Vesting Conditions              
Number of Units              
Granted (in shares)           88,863  
ENLC Performance Units:              
Grant-date fair value (in dollars per share)   $ 8.90          
Grants in period           88,863