Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.20.1
Employee Benefits and Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of summary of option activity

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Weighted-

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Number of Share Option Awards

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Weighted-Average Exercise Price

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Average

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Aggregate

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Time-

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Performance-

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Market-

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Time-

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Performance-

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Market-

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Contractual

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Intrinsic

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Based

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Based

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Based

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Based

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Based

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Based

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Term

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Value

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Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

(years)

    

(in thousands)

Outstanding as of January 1, 2020

 

4,918,554

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115,489

 

208,333

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$

51.84

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$

59.11

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$

59.43

 

5.42

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$

33,413

Exercised

 

(48,221)

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(906)

 

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44.38

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19.00

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—

 

  

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Forfeited and cancelled

 

(25,000)

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—

 

—

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56.19

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—

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—

 

  

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Outstanding as of March 31, 2020

 

4,845,333

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114,583

 

208,333

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$

51.89

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$

59.43

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$

59.43

 

5.18

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$

—

Schedule of summary of restricted share unit activity

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Number of

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Weighted-

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Number of

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Weighted-

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Number of

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Weighted-

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Time-Based

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Average Grant

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Performance-

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Average Grant

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Market-

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Average Grant 

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Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

Non-vested as of January 1, 2020

 

3,245,625

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$

54.94

 

1,129,396

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$

56.09

 

50,000

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$

59.43

Granted

 

2,392,044

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35.86

 

611,808

(1)

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35.59

 

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—

Vested

 

(1,594,003)

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54.20

 

(181,682)

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56.33

 

—

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—

Forfeited or expired

 

(85,667)

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50.85

 

(17,652)

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56.77

 

—

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—

Non-vested as of March 31, 2020

 

3,957,999

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$

43.80

 

1,541,870

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$

47.92

 

50,000

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$

59.43

(1) Number of performance-based restricted share units included assumes maximum achievement of performance targets.
Schedule of compensation expense recognized for share-based compensation

The compensation expense recognized for share-based compensation for the periods presented include the following (in thousands):

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Three Months Ended

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March 31, 

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2020

    

2019

Payroll and related expense

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$

4,702

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$

3,804

Marketing, general and administrative expense

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28,056

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23,195

Total share-based compensation expense

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$

32,758

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$

26,999