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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021, 2020, and 2019. We did not capitalize any share-based compensation costs during these periods.

 

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

(In millions)

 

2021

 

 

2020

 

 

2019

 

Share-based compensation included in cost of revenue

 

$

2.5

 

 

$

2.7

 

 

$

2.2

 

Share-based compensation included in selling, general and

   administrative expenses

 

 

7.6

 

 

 

6.2

 

 

 

3.4

 

Share-based compensation included in restructuring and related

   charges

 

 

 

 

 

0.8

 

 

 

 

Share-based compensation included in continuing operations

 

$

10.1

 

 

$

9.7

 

 

$

5.6

 

Share-based compensation included in discontinued operations

 

 

 

 

 

4.4

 

 

 

13.2

 

Total share-based compensation

 

$

10.1

 

 

$

14.1

 

 

$

18.8

 

Total income tax benefit recognized in continuing operations

 

 

2.6

 

 

 

2.5

 

 

 

1.4

 

 

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, 2021 and 2020.  There were no stock options granted during fiscal 2019.

 

 

 

Year Ended

December 31,

2021

 

 

Year Ended

December 31,

2020

 

 

Year Ended

December 31,

2019

 

Weighted average grant-date fair value of options per share

 

$

13.31

 

 

$

8.20

 

 

$

 

Expected term (in years)

 

 

6.3

 

 

 

6.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

 

63.1

%

 

 

63.2

%

 

 

 

Expected dividends

 

 

 

 

 

 

 

 

 

Risk-free rate

 

 

1.4

%

 

 

0.7

%

 

 

 

Summary of Stock Options

A summary of options as of December 31, 2021 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

(In years)

 

 

Aggregate

Intrinsic Value

(In thousands)

 

Outstanding at January 1, 2021

 

 

422

 

 

$

17.83

 

 

 

 

 

 

 

 

 

Granted

 

 

178

 

 

 

26.48

 

 

 

 

 

 

 

 

 

Exercised

 

 

(81

)

 

 

12.47

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(24

)

 

 

17.64

 

 

 

 

 

 

 

 

 

Expired

 

 

(2

)

 

 

35.82

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

493

 

 

$

21.75

 

 

 

5.4

 

 

$

2,805

 

Exercisable at December 31, 2021

 

 

122

 

 

$

22.82

 

 

 

3.4

 

 

$

906

 

Summary of Restricted Stock Units

 

 

 

Restricted Stock Units

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2021

 

 

1,241

 

 

$

11.58

 

Granted

 

 

164

 

 

 

24.15

 

Vested

 

 

(803

)

 

 

11.43

 

Forfeited

 

 

(21

)

 

 

15.48

 

Nonvested at December 31, 2021

 

 

581

 

 

$

15.20

 

Summary of Performance-Based Stock Units

 

 

Performance Stock Units

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2021

 

 

86

 

 

$

20.30

 

Vested

 

 

(84

)

 

 

20.31

 

Forfeited

 

 

(2

)

 

 

19.71

 

Nonvested at December 31, 2021

 

 

 

 

$

 

 

Summary of Market Stock Units

 

 

Market Stock Units

 

 

 

Shares

(In thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Nonvested at January 1, 2021

 

 

150

 

 

$

18.84

 

Nonvested at December 31, 2021

 

 

150

 

 

$

18.84