Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.21.2
Employee Benefits and Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021

 

4,525,207

114,583

 

208,333

$

51.96

$

59.43

$

59.43

 

4.42

$

Forfeited and cancelled

 

(26,833)

 

53.62

 

  

Outstanding as of June 30, 2021

 

4,498,374

114,583

 

208,333

51.95

59.43

59.43

3.93

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, 2021

 

6,663,925

$

30.54

 

1,565,184

$

39.42

 

50,000

$

59.43

Granted

 

3,124,241

30.92

736,898

40.89

 

Vested

 

(1,743,479)

47.01

(460,969)

56.73

 

Forfeited or expired

 

(131,969)

26.48

 

Non-vested as of June 30, 2021

 

7,912,718

27.13

 

1,841,113

35.68

 

50,000

59.43

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, 

    

2021

    

2020

    

2021

    

2020

Payroll and related expense

$

4,735

$

5,029

$

9,700

$

9,731

Marketing, general and administrative expense

 

17,716

 

17,360

 

39,352

 

45,416

Total share-based compensation expense

$

22,451

$

22,389

$

49,052

$

55,147