XML 44 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Equity-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule Of Number Of Awards And Weighted Average Grant Date Fair Value
The following table sets forth the number of equity-based awards granted during the nine months ended September 30, which will convert to shares upon vesting, along with the weighted average grant date fair values:
 20202019
AwardsNumber of
Awards
Weighted
Average
Grant Date
Fair Value
Number of
Awards (2)
Weighted
Average
Grant Date
Fair Value
Performance stock units (1)129,513 $53.30 183,908 $40.49 
Restricted stock units74,247 $56.24 144,172 $39.43 
Deferred stock units12,402 $45.98 7,509 $37.95 
Common shares4,134 $45.98 7,509 $37.95 
(1) The Company’s performance stock units (“PSUs”) represent shares granted for which the final number of shares earned depends on financial performance or market conditions. The number of shares to be issued may vary between 0% and 200% of the number of performance stock units granted depending on the relative achievement to targeted thresholds. The Company's PSUs with a financial performance
condition are based on either the Company’s return on invested capital (“ROIC”) over a one-year performance period or revenue, gross profit and operating profit thresholds over a two or three-year performance period. The Company's PSUs with a market condition are based on the ranking of the Company’s total shareholder return (“TSR”) performance, on a percentile basis, over a three year performance period compared to the S&P Small Cap Industrial sector, over the same three year performance period.(2) Performance stock units granted in 2019 include 168,688 PSUs to be converted to shares and issued to recipients in the first quarter of 2022, representing 116% of the targeted 2019 award, based on the Company’s actual ROIC compared to ROIC target for the performance period ended December 31, 2019 and 38,488 PSUs with a performance end date of December 31, 2021.
Management Stock Purchase Plan
The following table provides the number of restricted stock units credited to active participant accounts and the payments made with respect to restricted stock units issued under the MSPP during the nine months ended September 30,:
20202019
Restricted stock units credited 54,974 51,381 
Share-based liabilities paid (in thousands)$4,433 $5,742