Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.20.2
Employee Benefits and Compensation Plans (Tables)
9 Months Ended
Sep. 30, 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

 

(272,709)

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—

 

—

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51.22

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—

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—

 

  

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Outstanding as of September 30, 2020

 

4,597,624

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114,583

 

208,333

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51.95

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59.43

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59.43

 

4.68

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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

 

5,034,103

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24.13

 

945,598

(1)

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27.75

 

—

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—

Vested

 

(1,600,357)

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54.20

 

(181,682)

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56.33

 

—

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—

Forfeited or expired

 

(304,685)

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44.07

 

(63,026)

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47.45

 

—

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—

Non-vested as of September 30, 2020

 

6,374,686

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31.31

 

1,830,286

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41.72

 

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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Nine Months Ended

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September 30, 

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September 30, 

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2020

    

2019

    

2020

    

2019

Payroll and related expense

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$

5,483

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$

4,489

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$

15,214

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$

12,974

Marketing, general and administrative expense

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20,379

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20,931

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65,795

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69,096

Total share-based compensation expense

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$

25,862

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$

25,420

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$

81,009

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$

82,070