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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

Stock option activity from January 1, 2021 to June 30, 2021 follows:

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Underlying

 

 

Exercise Price

 

 

Shares

 

 

Per Share

 

Outstanding at January 1, 2021

 

4,026,150

 

 

$

21.63

 

Exercised

 

 

 

$

 

Expired

 

(276,000

)

 

$

31.20

 

Outstanding at June 30, 2021

 

3,750,150

 

 

$

20.92

 

Exercisable at June 30, 2021

 

3,735,150

 

 

$

20.93

 

Restricted Stock Unit Activity

Restricted stock unit activity from January 1, 2021 to June 30, 2021 follows:

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average Grant

 

 

Time

 

 

Performance

 

 

Date Fair Value

 

 

Based

 

 

Based

 

 

Per Share

 

Non-vested restricted stock units outstanding at January 1, 2021

 

2,741,548

 

 

 

359,315

 

 

$

9.52

 

Granted

 

1,797,875

 

 

 

 

 

$

8.32

 

Vested

 

(1,185,049

)

 

 

 

 

$

10.14

 

Forfeited

 

(85,572

)

 

 

 

 

$

11.29

 

Non-vested restricted stock units outstanding at June 30, 2021

 

3,268,802

 

 

 

359,315

 

 

$

8.68

 

 

Performance Units

The total target number of shares with respect to the Performance Units for the awards granted in 2017-2021 is set forth below:

 

 

2021

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Target number of shares

 

843,000

 

 

 

500,500

 

 

 

489,800

 

 

 

310,700

 

 

 

186,198

 

Fair Value of Performance Units The fair value of the Performance Units is set forth below (in thousands):

 

 

2021

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Aggregate fair value at date of grant

$

7,225

 

 

$

826

 

 

$

9,958

 

 

$

8,004

 

 

$

5,780

 

 

 

Compensation Expense Associated with Performance Units Compensation expense associated with the Performance Units is shown below (in thousands):

 

2021

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Performance

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

 

Unit Awards

 

Three months ended June 30, 2021

$

602

 

 

$

69

 

 

$

830

 

 

NA

 

 

NA

 

Three months ended June 30, 2020

NA

 

 

$

69

 

 

$

830

 

 

$

667

 

 

$

161

 

Six months ended June 30, 2021

$

602

 

 

$

138

 

 

$

1,660

 

 

$

667

 

 

NA

 

Six months ended June 30, 2020

NA

 

 

$

69

 

 

$

1,660

 

 

$

1,334

 

 

$

642