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

Weighted-

Number of Share Option Awards

Weighted-Average Exercise Price

Average

Aggregate

Time-

Performance-

Market-

Time-

Performance-

Market-

Contractual

Intrinsic

Based

Based

Based

Based

Based

Based

Term

Value

    

Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

(years)

    

(in thousands)

Outstanding as of January 1, 2020

 

4,918,554

115,489

 

208,333

$

51.84

$

59.11

$

59.43

 

5.42

$

33,413

Exercised

 

(48,221)

(906)

 

44.38

19.00

 

  

 

  

Forfeited and cancelled

 

(25,000)

 

56.19

 

  

 

  

Outstanding as of March 31, 2020

 

4,845,333

114,583

 

208,333

$

51.89

$

59.43

$

59.43

 

5.18

$

Schedule of summary of restricted share unit activity

Number of

Weighted-

Number of

Weighted-

Number of

Weighted-

Time-Based

Average Grant

Performance-

Average Grant

Market-

Average Grant 

    

Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

Non-vested as of January 1, 2020

 

3,245,625

$

54.94

 

1,129,396

$

56.09

 

50,000

$

59.43

Granted

 

2,392,044

35.86

 

611,808

(1)

35.59

 

Vested

 

(1,594,003)

54.20

 

(181,682)

56.33

 

Forfeited or expired

 

(85,667)

50.85

 

(17,652)

56.77

 

Non-vested as of March 31, 2020

 

3,957,999

$

43.80

 

1,541,870

$

47.92

 

50,000

$

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):

Three Months Ended

March 31, 

    

2020

    

2019

Payroll and related expense

$

4,702

$

3,804

Marketing, general and administrative expense

 

28,056

 

23,195

Total share-based compensation expense

$

32,758

$

26,999