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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Allocated Share-based Compensation Costs

Following are certain amounts recognized in the consolidated statements of operations for share-based compensation arrangements for the years ended December 31, 2020, 2019, and 2018. We did not capitalize any share-based compensation costs during these periods.

 

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

(In millions)

 

2020

 

 

2019

 

 

2018

 

Share-based compensation included in cost of revenue

 

$

2.7

 

 

$

2.2

 

 

$

2.3

 

Share-based compensation included in selling, general and

   administrative expenses

 

 

6.2

 

 

 

3.4

 

 

 

3.8

 

Share-based compensation included in restructuring and related

   charges

 

 

0.8

 

 

 

—

 

 

 

—

 

Share-based compensation included in continuing operations

 

$

9.7

 

 

$

5.6

 

 

$

6.1

 

Share-based compensation included in discontinued operations

 

 

4.4

 

 

 

13.2

 

 

 

—

 

Total share-based compensation

 

$

14.1

 

 

$

18.8

 

 

$

6.1

 

Total income tax benefit recognized in continuing operations

 

 

2.5

 

 

 

1.4

 

 

 

1.6

 

 
Summary of Weighted Average Grant-date Fair Values of Options and Weighted Average Assumptions Used to Develop Fair Value Estimates

The following table sets forth the weighted average grant-date fair values of options and the weighted average assumptions we used to develop the fair value estimates for the years ended December 31, 2020 and 2018.  There were no stock options granted during fiscal 2019.

 

 

 

Year Ended

December 31,

2020

 

 

Year Ended

December 31,

2019

 

 

Year Ended

December 31,

2018

 

Weighted average grant-date fair value

   of options per share

 

$

8.20

 

 

$

—

 

 

$

20.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

 

63.2

%

 

 

—

 

 

 

56.2

%

Expected dividends

 

 

—

 

 

 

—

 

 

 

—

 

Expected term (in years)

 

 

6.2

 

 

 

—

 

 

6.7

 

Risk-free rate

 

 

0.7

%

 

 

—

 

 

 

2.8

%
Summary of Stock Options

A summary of options as of December 31, 2020 and the activity during the year then ended is presented below:

 

Options

 

Shares

(In thousands)

 

 

Weighted

Average

Exercise

Price

Per Share

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic Value

(In thousands)

 

Outstanding at January 1, 2020

 

 

319

 

 

$

17.85

 

 

 

 

 

 

 

 

 

Granted

 

 

220

 

 

 

16.78

 

 

 

 

 

 

 

 

 

Exercised

 

 

(81

)

 

 

12.67

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(5

)

 

 

39.55

 

 

 

 

 

 

 

 

 

Expired

 

 

(31

)

 

 

20.76

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

422

 

 

$

17.83

 

 

 

5.2

 

 

$

1,544

 

Exercisable at December 31, 2020

 

 

187

 

 

$

17.54

 

 

 

3.0

 

 

$

927

 
Summary of Restricted Stock Awards

The following table shows a summary of our restricted stock awards as of December 31, 2020, as well as activity during the year then ended:

 

 

Restricted Stock Awards

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2020

 

 

127

 

 

$

19.42

 

Vested

 

 

(120

)

 

 

19.42

 

Forfeited

 

 

(7

)

 

 

19.42

 

Nonvested at December 31, 2020

 

 

—

 

 

$

—

 

 
Summary of Restricted Stock Units

The following table shows a summary of our restricted stock units as of December 31, 2020 as well as activity during the year then ended:

 

 

 

Restricted Stock Units

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2020

 

 

393

 

 

$

21.16

 

Granted

 

 

1,774

 

 

 

11.17

 

Vested

 

 

(692

)

 

 

13.81

 

Forfeited

 

 

(234

)

 

 

17.96

 

Nonvested at December 31, 2020

 

 

1,241

 

 

$

11.58

 
Summary of Performance-Based Stock Units

 

The following table shows a summary of our performance-based stock units as of December 31, 2020, as well as activity during the year then ended:

 

 

Performance Stock Units

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2020

 

 

407

 

 

$

20.29

 

Granted

 

 

4

 

 

 

21.49

 

Shares adjustment for performance (1)

 

 

(74

)

 

 

20.26

 

Vested

 

 

(86

)

 

 

20.42

 

Forfeited

 

 

(165

)

 

 

20.26

 

Nonvested at December 31, 2020

 

 

86

 

 

$

20.30

 

 

(1) Represents the number of shares at target for certain performance-based stock units that are no longer eligible to be earned as a result of actual performance being below the applicable performance targets. These awards are included in the nonvested balance at January 1, 2020 and the number of shares granted above.

 
Summary of Market Stock Units

The following table shows a summary of our market stock units as of December 31, 2020 as well as activity during the year then ended:

 

 

 

Market Stock Units

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2020

 

 

—

 

 

$

—

 

Granted

 

 

150

 

 

 

18.84

 

Nonvested at December 31, 2020

 

 

150

 

 

$

18.84