XML 96 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Valuation Assumptions
The fair value of stock options is estimated on the date of the grant using a Black-Scholes valuation model that uses the weighted average assumptions noted in the following table.  Expected volatility is based on historical volatility of the Company’s common stock and other factors.  The Company uses historical data on the exercise of stock options, post-vesting forfeitures and other factors to estimate the expected term of the stock-based payments granted.  The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. The Company did not issue equity-classified stock options in 2019 or 2018.
Assumptions2017
Risk-free interest rate1.9 %
Expected dividend yield—  
Expected volatility50.5 %
Expected term5 years
Summary of Equity-Classified Stock Option Activity
The following tables summarize stock option activity for the years 2019, 2018 and 2017, and provide information for options outstanding at December 31 of each year:
201920182017

Number
of Shares
Weighted Average Exercise Price
Number
of Shares
Weighted Average Exercise Price
Number
of Shares
Weighted Average Exercise Price
(in thousands) (in thousands) (in thousands) 
Options outstanding at January 15,178  $17.06  6,020  $19.43  5,416  $23.46  
Granted—  $—  —  $—  1,604  $8.00  
Exercised—  $—  —  $—  —  $—  
Forfeited or expired(543) $32.38  (842) $33.99  (1,000) $22.93  
Options outstanding at December 314,635  $15.26  5,178  $17.06  6,020  $19.43  
Summary of Stock Options Outstanding and Options Exercisable
Options OutstandingOptions Exercisable
Range of
Exercise Prices
Options Outstanding at December 31, 2019Weighted Average Exercise PriceWeighted Average Remaining Contractual LifeOptions Exercisable at December 31, 2019Weighted Average Exercise PriceWeighted Average Remaining Contractual Life
(in thousands) (years)(in thousands) (years)
$5.22-$29.42
3,467  $8.63  3.43,045  $8.74  3.3
$30.59-$35.64
644  $30.60  1.9644  $30.60  1.9
$38.20-$38.97
434  $38.97  0.9434  $38.97  0.9
$46.55-$46.55
90  $46.55  1.490  $46.55  1.4
4,635  $15.26  2.94,213  $16.01  2.8
Summary of Equity-Classified Restricted Stock Activity
The following table summarizes the restricted stock activity for the years 2019, 2018 and 2017, and provides information for restricted stock outstanding at December 31 of each year:
201920182017

Number of
Shares
Weighted Average Fair Value
Number of
Shares
Weighted Average Fair Value
Number of
Shares
Weighted Average Fair Value
(in thousands) (in thousands) (in thousands) 
Unvested shares at January 12,717  $7.91  6,254  $8.85  3,321  $11.85  
Granted493  $3.06  350  $4.72  5,055  $8.38  
Vested(1,516) $7.16  (2,058) $9.24  (1,380) $13.28  
Forfeited(214) 
(1)
$8.38  (1,829) 
(2)
$9.01  (742) $10.04  
Unvested shares at December 311,480  $7.00  2,717  $7.91  6,254  $8.85  
(1)Includes 65,196 shares forfeited as a result of the reduction in workforce for the year ended December 31, 2019.
(2)Includes 1,287,636 shares forfeited as a result of the reduction in workforce for the year ended December 31, 2018.
Summary of Equity-Classified Performance Units Activity
The following table summarizes equity-classified performance unit activity to be paid out in Company stock for the years ended December 31, 2019, 2018 and 2017, and provides information for unvested units as of December 31, 2019, 2018 and 2017: 
201920182017
Number of
Units (1)
Weighted
Average Fair Value
Number of
Units (1)
Weighted
Average Fair Value
Number of
Units (1)
Weighted
Average Fair Value
(in thousands)(in thousands)(in thousands)
Unvested shares at January 1598  $10.01  1,084  $10.12  719  $11.46  
Granted—  $—  —  $—  1,197  $10.47  
Vested(378) $9.59  (290) $10.47  (325) $12.21  
Forfeited(42) 
(2)
$10.47  (196) 
(3)
$9.94  (507) $9.53  
Unvested shares at December 31178  $10.47  598  $10.01  1,084  $10.12  
(1)These amounts reflect the number of performance units granted in thousands.  The actual payout of shares may range from a minimum of zero shares to a maximum of two shares per unit contingent upon TSR.  The performance units have a three-year vesting term and the actual disbursement of shares, if any, is determined during the first quarter following the end of the three-year vesting period.
(2)Includes 41,761 units related to the reduction in workforce for the year ended December 31, 2019.
(3)Includes 144,927 units related to the reduction in workforce for the year ended December 31, 2018.
Summary of Liability-Classified Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity to be paid out in cash for the years ended December 31, 2019 and 2018 and provides information for unvested units as of December 31, 2019 and 2018:
20192018
Number
of Units		Weighted Average Fair ValueNumber
of Units		Weighted Average Fair Value
(in thousands) (in thousands)
Unvested units at January 18,202  $3.41  —  $—  
Granted8,659  $4.34  12,216  $3.69  
Vested(2,624) $4.09  (232) $5.14  
Forfeited(1,245) 
(1)
$3.48  (3,782) 
(2)
$4.86  
Unvested units at December 3112,992  $2.42  8,202  $3.41  
(1)Includes 400,056 units related to the reduction in workforce for the year ended December 31, 2019.
(2)Includes 2,766,610 units related to the reduction in workforce for the year ended December 31, 2018.
Summary of Liability-Classified Performance Unit Activity
The following table summarizes liability-classified performance unit activity to be paid out in cash for the years ended December 31, 2019 and 2018 and provides information for unvested units as of December 31, 2019 and 2018:
20192018
Number
of Shares		Weighted Average
Fair Value		Number
of Shares		Weighted Average
Fair Value
(in thousands) (in thousands)
Unvested units at January 12,803  $3.41  —  $—  
Granted2,757  $4.34  3,200  $3.70  
Vested(43) $2.42  —  $—  
Forfeited(375) 
(1)
$3.12  (397) 
(2)
$4.55  
Unvested units at December 315,142  $2.42  2,803  $3.41  
(1)Includes 375,086 units related to the reduction in workforce for the year ended December 31, 2019.
(2)Includes 295,160 units related to the reduction in workforce for the year ended December 31, 2018.
Stock Options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Equity-Classified Stock-Based Compensation Costs
The Company recorded the following compensation costs related to stock options for the years ended December 31, 2019, 2018 and 2017:
(in millions)201920182017
Stock options – general and administrative expense$1  $2  $3  
Stock options – general and administrative expense capitalized$—  $—  $1  
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Equity-Classified Stock-Based Compensation Costs
The Company recorded the following compensation costs related to restricted stock grants for the years ended December 31, 2019, 2018 and 2017:
(in millions)201920182017
Restricted stock grants – general and administrative expense$6  $9  $16  
Restricted stock grants – general and administrative expense capitalized$4  $5  $11  
Performance units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Equity-Classified Stock-Based Compensation Costs
(in millions)201920182017
Performance units – general and administrative expense$1  $3  $5  
Performance units – general and administrative expense capitalized$—  $1  $2  
Liability-Classified RSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Liability-Classified Stock-Based Compensation Costs
(in millions)20192018
Restricted stock units – general and administrative expense$7  $4  
Restricted stock units – general and administrative expense capitalized$5  $3  
Liability-Classified Performance Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Liability-Classified Stock-Based Compensation Costs
(in millions)20192018
Liability-classified performance units – general and administrative expense$2  $2  
Liability-classified performance units – general and administrative expense capitalized$1  $—