XML 78 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
Share-Based Payments (Tables)
 6 Months Ended
Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Compensation Costs Related to Share-Based Payments



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three months ended

 

Six months ended



June 30,

 

June 30,



 

 2017 

 

 

 2016 

 

 

 2017 

 

 

 2016 

Stock option compensation expense:

 

 

 

 

 

 

 

 

 

 

 

SG&A expenses

$

 2,012 

 

 

 1,400 

 

$

 3,324 

 

$

 2,470 

Acquisition-related costs

 

 4,752 

 

 

 -

 

 

 4,752 

 

 

 -

Share unit expense (recovery):

 

 

 

 

 

 

 

 

 

 

 

Equity-classified PSUs

 

 1,033 

 

 

 486 

 

 

 2,045 

 

 

 486 

Liability-classified share units

 

 (165)

 

 

 5,508 

 

 

 (572)

 

 

 6,780 

Employee share purchase plan -

 

 

 

 

 

 

 

 

 

 

 

employer contributions

 

 447 

 

 

 396 

 

 

 883 

 

 

 749 



$

 8,079 

 

$

 7,790 

 

$

 10,432 

 

$

 10,485 



Summary of Stock Option Activity



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

WA

 



Common

 

 

WA

remaining

 

 

Aggregate



shares under

 

 

exercise

contractual

 

 

intrinsic



option

price

life (in years)

value

Outstanding, December 31, 2016

 3,366,714 

 

$

 24.02  7.5 

 

$

 33,601 

Granted

 768,136 

 

 

 32.15 

 

 

 

 

Assumed in acquisition (note 22)

 737,358 

 

 

 14.26 

 

 

 

 

Exercised

 (256,511)

 

 

 23.52 

 

 

$

 2,234 

Forfeited

 (76,522)

 

 

 18.78 

 

 

 

 

Outstanding, June 30, 2017

 4,539,175 

 

$

 23.93  7.7 

 

$

 24,741 

Exercisable, June 30, 2017

 1,839,149 

 

$

 23.33  6.3 

 

$

 10,048 



Summary of Share Unit Activity



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Equity-classified awards

 

Liability-classified awards



PSUs

 

PSUs (1)

 

Restricted share units ("RSUs")

 

DSUs



 

 

WA grant

 

 

 

WA grant

 

 

 

WA grant

 

 

 

WA grant



 

 

 

date fair

 

 

 

 

date fair

 

 

 

 

date fair

 

 

 

 

date fair



Number

 

 

value

 

Number

 

 

value

 

Number

 

 

value

 

Number

 

 

value



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2016

 243,968 

 

$

 27.48 

 

 311,329 

 

$

 23.96 

 

 160,009 

 

$

 23.37 

 

 73,520 

 

$

 25.41 

Granted

 95,212 

 

 

 31.67 

 

 89,643 

 

 

 31.67 

 

 801 

 

 

 32.66 

 

 8,624 

 

 

 32.19 

Reclassification on modification

 81,533 

 

 

 24.47 

 

 (81,533)

 

 

 24.66 

 

 -

 

 

 -

 

 -

 

 

 -

Vested and settled

 -

 

 

 -

 

 (49,873)

 

 

 23.64 

 

 (151,591)

 

 

 23.24 

 

 -

 

 

 -

Forfeited

 (5,106)

 

 

 27.48 

 

 (14,845)

 

 

 26.09 

 

 -

 

 

 -

 

 -

 

 

 -

Outstanding, June 30, 2017

 415,607 

 

$

 27.85 

 

 254,721 

 

$

 26.39 

 

 9,219 

 

$

 26.40 

 

 82,144 

 

$

 26.12 

(1)

Liability-classified PSUs include PSUs awarded under the employee PSU plan and the previous 2013 PSU plan, in place prior to 2015 that are cash-settled and not subject to market vesting conditions.
Stock Option Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option and Performance Share Unit Pricing Assumptions



 

 



 

 

Six months ended June 30,

2017  2016 

Risk free interest rate

 2.1%  1.2% 

Expected dividend yield

 2.05%  2.66% 

Expected lives of the stock options

5 years

5 years

Expected volatility

 27.9%  26.5% 



Stock Options Assumed [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option and Performance Share Unit Pricing Assumptions



 



 

Six months ended June 30,

2017 

Risk free interest rate

 0.8% 

Expected dividend yield

 2.19% 

Expected lives of the stock options

0.4 years

Expected volatility

 32.1% 



Senior Executive and Employee Performance Share Unit Plans [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option and Performance Share Unit Pricing Assumptions



 

 

 



 

 

 

Six months ended June 30,

 

 2017  2016 

Risk free interest rate

 

 1.4%  1.2% 

Expected dividend yield

 

 1.92%  2.49% 

Expected lives of the PSUs

 

3 years

3 years

Expected volatility

 

 28.2%  29.9% 

Average expected volatility of comparable companies

 

 37.0%  37.0% 



Sign-on Grant Performance Share Unit Plans [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option and Performance Share Unit Pricing Assumptions



 

 



 

 

Six months ended June 30,

 

 2017 

Risk free interest rate

 

 1.6% 

Expected dividend yield

 

 2.54% 

Expected lives of the PSU

 

4 years

Expected volatility

 

 28.6%