Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table provides the assumptions used to determine the grant date fair value of the market condition-dependent / TSR goal-based portion of the Company’s performance stock units granted during the three months ended March 31, 2020 using a Monte Carlo simulation:


Expected dividend yield	—		%
Risk-free interest rate	1.56		%
Expected volatility	28.57		%
Expected term (in years)	2.95
Grant date fair value	$	24.11

Schedule of Nonvested Restricted Stock and Performance Stock Unit Activity

The following table summarizes the activity for the Company’s restricted stock units and performance stock units for the three months ended March 31, 2020:


	Restricted Stock Units				Performance Stock Units
	Number of Units	Weighted Average Grant Date Fair Value (per share)		Number of Units	Weighted Average Grant Date Fair Value (per share)
Nonvested as of December 31, 2019	1,628,436	$	15.83	550,676	$	15.41
Granted	1,144,072	$	16.65	456,311	$	20.38
Vested	(431,755)	$	15.42	—	$	—
Forfeited	(77,848)	$	16.27	(31,069)	$	15.41
Nonvested as of March 31, 2020	2,262,905	$	16.31	975,918	$	17.74