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Share-Based Payments (Tables)
3 Months Ended
Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Compensation Costs Related to Share-Based Payments



 

 

 

 

 



 

 

 

 

 

Three months ended March 31,

 

2019 

 

 

2018 

Stock option compensation expense:

 

 

 

 

 

SG&A expenses

$

1,539 

 

 

2,148 

Acquisition-related costs

 

 -

 

 

195 

Share unit expense:

 

 

 

 

 

Equity-classified share units

 

2,368 

 

 

3,035 

Liability-classified share units

 

150 

 

 

1,599 

Employee share purchase plan -

 

 

 

 

 

employer contributions

 

553 

 

 

537 



$

4,610 

 

$

7,514 



Summary of Stock Option Activity



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

WA

 



Common

 

 

WA

remaining

 

 

Aggregate



shares under

 

 

exercise

contractual

 

 

intrinsic



option

price

life (in years)

value

Outstanding, December 31, 2018

4,013,863 

 

$

26.41  7.2 

 

$

25,374 

Granted

862,198 

 

 

33.79 

 

 

 

 

Exercised

(82,926)

 

 

19.61 

 

 

 

1,302 

Forfeited

(15,405)

 

 

15.83 

 

 

 

 

Outstanding, March 31, 2019

4,777,730 

 

 

27.89  7.5 

 

 

29,190 

Exercisable, March 31, 2019

2,820,624 

 

$

25.51  6.5 

 

$

23,943 



Summary of Stock Option and Performance Share Unit Pricing Assumptions



 

 



 

 

Three months ended March 31,

2019  2018 

Risk free interest rate

2.5%  2.7% 

Expected dividend yield

2.06%  2.11% 

Expected lives of the stock options

5 years

5 years

Expected volatility

26.8%  28.1% 



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



 

 

 



 

 

 

Three months ended March 31,

 

 

2018 

Risk free interest rate

 

 

1.9% 

Expected dividend yield

 

 

2.09% 

Expected lives of the PSUs

 

 

3 years

Expected volatility

 

 

31.1% 

Average expected volatility of comparable companies

 

 

34.1% 



Summary of Share Unit Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Equity-classified awards

 

 

Liability-classified awards



PSUs

 

RSUs

 

 

DSUs



 

WA grant

 

 

WA grant

 

 

 

WA grant



 

 

date fair

 

 

 

date fair

 

 

 

 

date fair



Number

 

value

 

Number

 

value

 

 

Number

 

value

Outstanding, December 31, 2018

670,288 

$

31.46 

 

207,986 

$

28.99 

 

 

113,435 

$

28.16 

Granted

155,803 

 

36.41 

 

25,726 

 

36.44 

 

 

6,522 

 

36.54 

Vested and settled

(231,873)

 

30.41 

 

(260)

 

31.98 

 

 

 -

 

 -

Forfeited

(1,123)

 

31.63 

 

(530)

 

32.08 

 

 

 -

 

 -

Outstanding, March 31, 2019

593,095 

$

33.17 

 

232,922 

$

29.81 

 

 

119,957 

$

28.62