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Employment and Compensation Arrangements (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount
A summary of the Company’s share-based compensation is as follows:
Three Months Ended June 30,
20202019
Share-based compensation expense$6,856  $33,932  
Tax benefit recognized$(2,791) $85  
Six Months Ended June 30,
20202019
Share-based compensation expense$24,325  $37,108  
Tax benefit recognized$(2,793) $163  
Summary of stock option activity The Company’s stock option activity is summarized below:
Number of
Options
Weighted
Average Exercise
Price per Share
Weighted-Average
Remaining
Contractual Life
(in years)
Aggregate
Intrinsic
Value
Outstanding at December 31, 201920,880,225  $12.18  7.3$105,119  
Forfeited(881,607) 12.13  0—  
Exercised(7,438,787) 9.94  0—  
Outstanding as of June 30, 202012,559,831  13.50  6.5112,436  
Vested and exercisable at June 30, 20208,203,683  $13.86  6.0$69,836  
Share-based Payment Arrangement, Restricted Stock Unit, Activity
Number of SharesWeighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2019293,182  $16.75  
Granted1,382,557  20.22  
Vested (172,370) 20.87  
Forfeited(11,890) 19.97  
Outstanding as of June 30, 20201,491,479  $19.92  
Schedule of Nonvested Performance-based Units Activity
Number of SharesWeighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2019—  $—  
Granted550,189  21.91  
Outstanding as of June 30, 2020550,189  $21.91