XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of Performance Stock Units Recognition of expense associated with performance-based stock is not permitted until achievement of the performance targets are probable of occurring.

 

(in thousands, except share and per share data)

      Performance Period

 

Number of
Shares
Threshold

 

 

Number of
Shares
Target

 

 

Number of
Shares
Maximum

 

 

Weighted
Average Fair
Value per
Share

 

 

Maximum Remaining Unrecognized Compensation Expense

 

 

Weighted-average remaining requisite service periods

 

January 1, 2022—
   December 31, 2022

 

 

2,353,171

 

 

 

4,706,342

 

 

 

7,059,513

 

 

$

5.87

 

 

$

36,924

 

 

 

2.3 years

 

January 1, 2021—
   December 31, 2021

 

 

1,234,552

 

 

 

1,234,552

 

 

 

1,449,902

 

 

$

11.99

 

 

$

6,370

 

 

 

1.6 years

 
PSU [Member]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of stock option plan activity

The following table summarizes the PSU activity for the six months ended June 30, 2022:

 

 

 

Performance Share Units

 

 

Weighted Average Grant
Date Fair Value

 

Outstanding at January 1, 2022

 

 

2,609,079

 

 

$

13.07

 

Granted

 

 

4,814,118

 

 

$

5.87

 

Distributed

 

 

636,404

 

 

$

13.21

 

Forfeited

 

 

252,977

 

 

$

10.45

 

PSU performance adjustment

 

 

(377,572

)

 

$

11.19

 

Outstanding at June 30, 2022

 

 

6,156,244

 

 

$

7.31

 
Restricted Stock Units (RSUs) [Member]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of stock option plan activity

During the six months ended June 30, 2022, the following activities involving RSUs occurred under the Plan:

 

 

 

Number of RSUs

 

 

Weighted Average Grant
Date Fair Value

 

Outstanding at January 1, 2022

 

 

3,660,553

 

 

$

10.64

 

Granted

 

 

6,011,028

 

 

$

5.83

 

Distributed

 

 

623,066

 

 

$

12.78

 

Forfeited

 

 

436,889

 

 

$

8.61

 

Outstanding at June 30, 2022

 

 

8,611,626

 

 

$

7.23

 
Stock Options [Member]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Schedule Of Assumption Used To Determine Fair Value

The fair value of the employee stock options granted was estimated using the following weighted average assumptions for the six months ended:

 

 

 

June 30,

 

 

 

2022

 

Share Price

 

$

5.99

 

Dividend yield

 

 

0.0

%

Expected volatility

 

 

30.0

%

Risk-free interest rate

 

 

2.0

%

Expected term (years)

 

 

6.5