Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Activity Related to Stock Options Awards, Restricted Stock Awards and Director Plan Restricted Stock Awards

The following tables presents activity during the years ended December 31, 2019, 2018 and 2017 related to stock option awards and restricted stock awards.

 

 

 

Shares Subject to Stock Option Awards

 

 

 

Year to Date Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

Avg wtd

 

 

Avg wtd

 

 

 

 

 

 

Avg wtd

 

 

Avg wtd

 

 

 

 

 

 

Avg wtd

 

 

Avg wtd

 

 

 

 

 

 

 

grant-date

 

 

exercise

 

 

 

 

 

 

grant-date

 

 

exercise

 

 

 

 

 

 

grant-date

 

 

exercise

 

 

 

 

 

 

 

fair value

 

 

price

 

 

Units

 

 

fair value

 

 

price

 

 

Units

 

 

fair value

 

 

price

 

 

Units

 

Outstanding at beginning of period

 

$

 

3.79

 

 

$

 

6.12

 

 

 

9,070,052

 

 

$

 

3.66

 

 

$

 

5.71

 

 

 

9,078,728

 

 

$

 

3.40

 

 

$

 

4.90

 

 

 

8,669,475

 

Granted

 

 

 

7.25

 

 

 

 

17.64

 

 

 

31,178

 

 

 

 

6.51

 

 

 

 

14.25

 

 

 

359,618

 

 

 

 

6.14

 

 

 

 

13.52

 

 

 

774,357

 

Forfeited

 

 

 

5.01

 

 

 

 

9.68

 

 

 

(274,774

)

 

 

 

6.39

 

 

 

 

14.00

 

 

 

(16,791

)

 

 

 

3.02

 

 

 

 

3.81

 

 

 

(132,972

)

Exercised

 

 

 

3.19

 

 

 

 

4.24

 

 

 

(946,289

)

 

 

 

3.01

 

 

 

 

3.56

 

 

 

(351,503

)

 

 

 

2.54

 

 

 

 

2.45

 

 

 

(73,406

)

Modified to liability to be cash settled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.61

 

 

 

 

2.62

 

 

 

(158,726

)

Outstanding at end of the period

 

$

 

3.83

 

 

$

 

6.27

 

 

 

7,880,167

 

 

$

 

3.79

 

 

$

 

6.12

 

 

 

9,070,052

 

 

$

 

3.66

 

 

$

 

5.71

 

 

 

9,078,728

 

Vested

 

$

 

3.61

 

 

$

 

5.59

 

 

 

6,724,030

 

 

$

 

3.35

 

 

$

 

4.76

 

 

 

6,653,228

 

 

$

 

3.17

 

 

$

 

4.19

 

 

 

5,731,647

 

Unvested

 

 

 

5.10

 

 

 

 

10.25

 

 

 

1,156,137

 

 

 

 

5.00

 

 

 

 

9.88

 

 

 

2,416,824

 

 

 

 

4.49

 

 

 

 

8.31

 

 

 

3,347,081

 

Total intrinsic value of stock options exercised in 2019, 2018 and 2017 was $12.8 million, $2.3 million and $0.8 million, respectively.

 

 

 

Restricted Stock Awards

 

 

 

For Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

Avg wtd

 

 

 

 

 

 

Avg wtd

 

 

 

 

 

 

Avg wtd

 

 

 

 

 

 

 

fair value

 

 

Units

 

 

fair value

 

 

Units

 

 

fair value

 

 

Units

 

Unvested at beginning of period

 

$

 

13.17

 

 

 

2,997,856

 

 

$

 

11.82

 

 

 

1,293,107

 

 

$

 

9.48

 

 

 

1,018,228

 

Granted

 

 

 

16.27

 

 

 

1,196,820

 

 

 

 

13.77

 

 

 

1,924,691

 

 

 

 

13.52

 

 

 

623,165

 

Vested

 

 

 

12.83

 

 

 

(521,701

)

 

 

 

10.42

 

 

 

(217,630

)

 

 

 

7.99

 

 

 

(339,701

)

Forfeited

 

 

 

13.42

 

 

 

(457,356

)

 

 

 

14.27

 

 

 

(2,312

)

 

 

 

8.81

 

 

 

(8,585

)

Unvested at end of period

 

$

 

14.29

 

 

 

3,215,619

 

 

$

 

13.17

 

 

 

2,997,856

 

 

$

 

11.82

 

 

 

1,293,107

 

 

 

 

Director Plan Restricted Stock Awards

 

 

 

For Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

Avg wtd

 

 

 

 

 

 

Avg wtd

 

 

 

 

 

 

Avg wtd

 

 

 

 

 

 

 

fair value

 

 

Units

 

 

fair value

 

 

Units

 

 

fair value

 

 

Units

 

Unvested at beginning of period

 

$

 

 

 

 

 

 

$

 

 

 

 

 

 

$

 

5.71

 

 

 

49,230

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.71

 

 

 

(49,230

)

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at end of period

 

$

 

 

 

 

 

 

$

 

 

 

 

 

 

$

 

5.71

 

 

 

 

Summary of Grant Date Fair Value of Stock Option Awards The following table presents the grant date fair value of stock option awards granted during the years ended December 31, 2019, 2018 and 2017 computed using the following assumptions:

 

 

 

2019

 

 

2018

 

 

2017

 

Stock price at time of grant

 

$

17.64

 

 

$

14.27

 

 

$

13.51

 

Exercise price

 

$

17.64

 

 

$

14.27

 

 

$

13.51

 

Expected volatility

 

 

40

%

 

 

50

%

 

 

50

%

Risk free rate

 

 

1.85

%

 

 

2.27

%

 

 

2.22

%

Expected average years to exit

 

 

6

 

 

 

5

 

 

 

5