XML 87 R50.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 22 - Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Notes Tables  
Share-based Payment Arrangement, Activity [Table Text Block]
   

Year Ended December 31,

 
   

2019

   

2018

   

2017

 

Expected lives of options (years)

    9.5       9.1       N/A  

Expected volatility

    29.9 %     29.7 %     N/A  

Risk free interest rate

    1.7 %     3.0 %     N/A  

Dividend yield rate

    3.4 %     3.9 %     N/A  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
   

Year Ended December 31,

 
   

2019

   

2018

   

2017

 
           

Weighted-

           

Weighted-

           

Weighted-

 
           

Average

           

Average

           

Average

 
   

Number of

   

Exercise

   

Number of

   

Exercise

   

Number of

   

Exercise

 
   

Shares

   

Price

   

Shares

   

Price

   

Shares

   

Price

 

Outstanding Stock Option Activity

                                               

Outstanding, beginning of year

    5,974,433     $ 23.50       6,094,033     $ 23.35       7,175,816     $ 24.20  

Granted

    412,247       35.55       486,000       28.45       -       N/A  

Exercised

    (987,496 )     25.65       (393,571 )     25.06       (411,249 )     23.00  

Forfeited

    -       N/A       (9,950 )     20.46       -       N/A  

Cancelled

    -       N/A       (202,079 )     27.94       (670,534 )     32.63  

Outstanding, end of year

    5,399,184     $ 24.00       5,974,433     $ 23.50       6,094,033     $ 23.35  
Schedule of Nonvested Share Activity [Table Text Block]
   

Year Ended December 31,

 
   

2019

   

2018

   

2017

 
           

Weighted-

           

Weighted-

           

Weighted-

 
   

Number of

   

Average

   

Number of

   

Average

   

Number of

   

Average

 
   

Shares

   

Fair Value

   

Shares

   

Fair Value

   

Shares

   

Fair Value

 

Unvested Stock Option Activity

                                               

Outstanding, beginning of year

    483,542     $ 6.26       135,481     $ 5.76       2,670,744     $ 4.72  

Granted

    412,247       7.88       486,000       6.32       -       N/A  

Vested

    (195,541 )     5.93       (127,989 )     6.18       (2,535,263 )     4.66  

Forfeited

    -       N/A       (9,950 )     3.90       -       N/A  

Unvested, end of year

    700,248     $ 7.20       483,542     $ 6.26       135,481     $ 5.76  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

Exercisable or expected to vest

       

Number outstanding

    5,397,398  

Weighted-average exercise price

  $ 24.00  

Aggregate intrinsic value (in thousands)

  $ 76,431  

Weighted-average remaining contractual term (years)

    4.75  
         

Exercisable

       

Number outstanding

    4,698,936  

Weighted-average exercise price

  $ 22.75  

Aggregate intrinsic value (in thousands)

  $ 72,411  

Weighted-average remaining contractual term (years)

    4.12  
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
       

Options Outstanding

   

Options Exercisable

 
               

Weighted-

                   

Weighted-

         
               

Average

                   

Average

         
               

Remaining

   

Weighted-

           

Remaining

   

Weighted-

 
               

Contractual

   

Average

           

Contractual

   

Average

 
       

Number

   

Life (in

   

Exercise

   

Number

   

Life (in

   

Exercise

 

Range of Exercise Price

 

Outstanding

   

years)

   

Price

   

Outstanding

   

years)

   

Price

 

$ 15.01

- $ 20.00     1,269,604       2.26     $ 19.89       1,260,418       2.24     $ 19.90  

$ 20.01

- $ 25.00     2,894,522       4.97       23.17       2,891,460       4.96       23.17  

$ 25.01

- $ 30.00     804,440       5.58       27.40       516,440       4.01       26.78  

$ 30.01

- $ 35.00     30,618       3.08       32.37       30,618       3.08       32.37  

$ 35.01

- $ 40.00     400,000       9.59       35.55       -    

 

NA       N/A  

Total    

        5,399,184       4.75     $ 24.00       4,698,936       4.12     $ 22.75  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
   

Year Ended December 31,

 
   

2019

   

2018

   

2017

 
           

Weighted-

           

Weighted-

           

Weighted-

 
           

Average

           

Average

           

Average

 
   

Number of

   

Grant Date

   

Number of

   

Grant Date

   

Number of

   

Grant Date

 
   

Shares

   

Fair Value

   

Shares

   

Fair Value

   

Shares

   

Fair Value

 

Unvested, beginning of year

    337,909     $ 25.61       317,390     $ 23.89       221,133     $ 19.85  

Granted

    167,676       33.85       143,214       29.51       160,620       27.42  

Vested

    (156,235 )     27.24       (117,404 )     25.45       (57,375 )     22.57  

Forfeited

    (5,292 )     30.56       (5,292 )     28.84       (6,988 )     21.81  

Unvested, end of year

    344,058     $ 30.54       337,909     $ 25.61       317,390     $ 23.89  
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]
               

Threshold Goal

 

Target Goal

 

Maximum Goal

                       

Date of Award

 

Performance Period

 

Base Period

 

Base Period Revenues

 

PSUs

 

Home

Sale Revenues

 

PSUs

 

Home Sale Revenues

 

PSUs

 

Home

Sale Revenues

 

Fair Value per Share

    Maximum Potential Expense to be Recognized*     Maximum Remaining Expense to be Recognized*  

July 25, 2016

 

 July 1, 2016

to

June 30, 2019

 

 July 1, 2015

to

June 30, 2016

 

$1.975 

billion

    137,781  

$2.074 

billion

    275,562  

$2.173

 billion

    551,124  

$2.370 

billion

  $ 19.66     $ 10,834     $ -  
                                                                   

June 20, 2017

 

April 1, 2017

to

 March 31, 2020

 

April 1, 2016

to

March 31, 2017

 

$2.426 

billion

    144,342  

$2.547 

billion

    288,684  

$2.669

 billion

    577,368  

$2.911 

billion

  $ 27.83     $ 16,070     $ 1,446  
                                                                   

May 23, 2018

 

April 1, 2018

to

 March 31, 2021

 

April 1, 2017

to

 March 31, 2018

 

$2.543 

billion

    145,800  

$2.670 

billion

    291,600  

$2.797

 billion

    583,200  

$3.052 

billion

  $ 25.57     $ 14,915     $ 8,623  
                                                                   

August 5, 2019

 

January 1, 2019

to

 December 31,

2021

 

January 1, 2018

to

 December 31,

2018

 

$2.982 

billion

    135,000  

$3.131 

billion

    270,000  

$3.280 

billion

    540,000  

$3.578 

billion

  $ 32.60     $ 17,604     $ 17,604