Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.20.2
Employee Benefits and Compensation Plans (Tables)
6 Months Ended
Jun. 30, 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

 

(163,792)

 

50.39

 

  

 

  

Outstanding as of June 30, 2020

 

4,706,541

114,583

 

208,333

51.97

59.43

59.43

 

4.93

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

 

2,396,824

35.81

 

611,808

(1)

35.59

 

Vested

 

(1,599,412)

54.20

 

(181,682)

56.33

 

Forfeited or expired

 

(186,914)

47.45

 

(63,026)

47.45

 

Non-vested as of June 30, 2020

 

3,856,123

43.72

 

1,496,496

48.04

 

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

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Payroll and related expense

$

5,029

$

4,681

$

9,731

$

8,485

Marketing, general and administrative expense

 

17,360

 

24,970

 

45,416

 

48,165

Total share-based compensation expense

$

22,389

$

29,651

$

55,147

$

56,650