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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the Company's Stock Option Activity

A summary of the Company’s stock option activity is as follows:

 

 

 

Shares

 

 

Weighted

Average

Exercise Price Per Share

 

 

Aggregate

Intrinsic

Value

 

Options outstanding as of December 31, 2018

 

 

956,164

 

 

 

21.58

 

 

 

 

 

Granted

 

 

210,243

 

 

 

18.40

 

 

 

 

 

Exercised

 

 

(58,404

)

 

 

6.57

 

 

 

 

 

Forfeited

 

 

(17,164

)

 

 

23.81

 

 

 

 

 

Cancelled

 

 

(24,868

)

 

 

21.18

 

 

 

 

 

Options outstanding as of December 31, 2019

 

 

1,065,971

 

 

$

21.75

 

 

$

0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable as of December 31, 2019

 

 

623,487

 

 

$

20.96

 

 

$

0.4

 

 

Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant The fair value of each option grant was estimated at the date of grant using the following assumptions:

 

 

2019

 

 

2018

 

 

2017

 

Expected life (years)

 

 

6.5

 

 

 

6.5

 

 

 

6.5

 

Risk-free interest rate

 

 

2.6

%

 

 

2.8

%

 

 

2.2

%

Expected volatility

 

 

39.8

%

 

 

43.7

%

 

 

45.0

%

Expected dividend yield

 

 

%

 

 

%

 

 

%

 

Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

A summary of activity for restricted stock units is as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value Per Share

 

Unvested as of December 31, 2018

 

 

219,917

 

 

 

25.37

 

Granted

 

 

229,044

 

 

 

18.39

 

Vested

 

 

(154,295

)

 

 

20.26

 

Forfeited

 

 

(4,103

)

 

 

27.34

 

Unvested as of December 31, 2019

 

 

290,563

 

 

$

22.55

 

Performance Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant The fair value of each total shareholder return performance stock unit was estimated at the date of grant using the following assumptions:

 

 

2019

 

 

2018

 

 

2017

 

Correlation

 

 

32.5

%

 

 

29.5

%

 

 

31.6

%

Risk-free interest rate

 

 

2.5

%

 

 

2.4

%

 

 

1.5

%

Expected volatility

 

 

47.0

%

 

 

33.8

%

 

 

35.0

%

Expected dividend yield

 

 

%

 

 

%

 

 

%

Schedule of Nonvested Share Activity

 

A summary of activity for performance stock units is as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant Date Fair Value

Per Share

 

Unvested as of December 31, 2018

 

 

337,124

 

 

 

28.02

 

Granted

 

 

228,037

 

 

 

22.01

 

Vested

 

 

(74,315

)

 

 

25.73

 

Forfeited

 

 

(78,441

)

 

 

20.24

 

Unvested as of December 31, 2019

 

 

412,405

 

 

$

26.58