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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Assumptions used to Value Purchase Rights Granted Under ESPP The following table summarizes the assumptions used to value the purchase rights granted under the ESPP during the years ended December 31, 2020, 2019 and 2018:

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Expected term (years)

 

 

0.5

 

 

 

0.5

 

 

 

0.5

 

Expected volatility

 

 

72.0

%

 

 

24.0

%

 

 

37.0

%

Expected annual dividend

 

 

3.9

%

 

 

2.1

%

 

 

11.3

%

Risk free rate

 

 

0.2

%

 

 

2.1

%

 

 

2.1

%

 

Restricted Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Unvested Restricted Stock Awards The following table sets forth the number of unvested restricted stock awards and the weighted-average fair value of these awards at the date of grant:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Awards

 

 

Weighted Average Fair Value at Grant Date

 

 

Aggregate Intrinsic Value(1)  ($000s)

 

Unvested balance December 31, 2019

 

 

1,122,085

 

 

$

16.09

 

 

 

 

 

Granted

 

 

996,037

 

 

$

10.39

 

 

 

 

 

Forfeited

 

 

(32,257

)

 

$

11.18

 

 

 

 

 

Vested

 

 

(524,450

)

 

$

16.43

 

 

 

 

 

Unvested balance, December 31, 2020

 

 

1,561,415

 

 

$

12.33

 

 

$

18,315

 

 

(1)

The aggregate intrinsic value is calculated as the market value of our common stock as of December 31, 2020. The market value as of December 31, 2020 was $11.73 per share, which was the closing price of our common stock reported for transactions effected on the NASDAQ Global Select Market on December 31, 2020, the final trading day of 2020.

Performance Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Unvested Performance-based Restricted Stock Units Awards The following table sets forth the number of unvested PSUs and the weighted-average fair value of these awards at the date of grant:

 

 

 

Performance Awards

 

 

Weighted Average Fair Value at Grant Date

 

 

Aggregate Intrinsic Value(1)  ($000s)

 

Unvested balance December 31, 2019

 

 

517,061

 

 

$

21.72

 

 

 

 

 

Granted

 

 

322,209

 

 

$

15.45

 

 

 

 

 

Forfeited

 

 

(132,700

)

 

$

28.20

 

 

 

 

 

Vested

 

 

 

 

$

 

 

 

 

 

Unvested balance, December 31, 2020

 

 

706,570

 

 

$

17.64

 

 

$

8,288

 

 

(1)

The aggregate intrinsic value is calculated as the market value of our common stock as of December 31, 2020. The market value as of December 31, 2020 was $11.73 per share, which was the closing price of our common stock reported for transactions effected on the NASDAQ Global Select Market on December 31, 2020, the final trading day of 2020.

Schedule of Assumptions used to Value PSUs Granted The following table summarizes the assumptions used to value the PSUs granted during the years ended December 31, 2020, 2019 and 2018:

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Expected term (years)

 

 

3.0

 

 

 

3.0

 

 

 

3.0

 

Expected volatility

 

 

63.0

%

 

 

57.5

%

 

 

48.5

%

Expected annual dividend

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

Risk free rate

 

 

0.7

%

 

 

2.3

%

 

 

2.3

%