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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Share Based Compensation [Abstract]  
Summary of Weighted-Average Assumptions Used to Determine Weighted-Average Fair Market Value of Stock Options Granted

The weighted-average assumptions used to determine the weighted-average fair market value of the stock options granted during the three months ended March 31, 2019 and 2018 were as follows:

 

 

2019

 

 

2018

 

Expected volatility

 

27.47

%

 

 

27.75

%

Risk-free interest rate

 

2.58

%

 

 

2.71

%

Expected life (years)

6.25

 

 

6.25

 

Expected dividend yield

 

0.00

%

 

 

0.00

%

Summary of Stock Option Awards Outstanding

Stock option awards outstanding as of December 31, 2018 and March 31, 2019, and changes during the three months ended March 31, 2019, were as follows:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Remaining

 

 

Aggregate

 

 

Shares Under

 

 

Average

 

 

Contractual

 

 

Intrinsic

 

 

Option

 

 

Exercise

 

 

Term

 

 

Value

 

 

(thousands)

 

 

Price

 

 

(years)

 

 

(millions)

 

Outstanding at December 31, 2018

 

635

 

 

$

21.44

 

 

 

7.2

 

 

$

 

Granted

 

196

 

 

 

14.15

 

 

 

9.9

 

 

 

 

 

Outstanding at March 31, 2019

 

831

 

 

 

19.85

 

 

 

7.7

 

 

 

 

Vested and expected to vest at March 31, 2019

 

790

 

 

 

19.94

 

 

 

7.6

 

 

 

 

Exercisable at March 31, 2019

 

 

 

N/A

 

 

N/A

 

 

N/A

 

Summary of Nonvested Restricted Stock Unit Awards

Nonvested restricted stock unit awards as of December 31, 2018 and March 31, 2019, and changes during the three months ended March 31, 2019, were as follows:

 

 

 

 

 

 

Weighted

 

 

Shares

 

 

Average Grant

 

 

(Thousands)

 

 

Date Fair Value

 

Nonvested at December 31, 2018

 

700

 

 

$

19.60

 

Granted

 

514

 

 

 

14.15

 

Vested

 

(251

)

 

 

 

 

Forfeited

 

(14

)

 

 

 

 

Nonvested at March 31, 2019

 

949

 

 

$

16.18

 

Summary of Nonvested Performance Share Units

Nonvested performance share units as of December 31, 2018 and March 31, 2019, and changes during the three months ended March 31, 2019, were as follows:

 

 

 

 

 

 

Weighted

 

 

Shares

 

 

Average Grant

 

 

(Thousands)

 

 

Date Fair Value

 

Nonvested at December 31, 2018

 

251

 

 

$

18.23

 

Granted

 

329

 

 

 

14.15

 

Nonvested at March 31, 2019

 

580

 

 

$

15.91