XML 74 R48.htm IDEA: XBRL DOCUMENT v3.20.4
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expenses During the years ended December 31, 2020, 2019 and 2018, the Company recorded and capitalized the following stock-based compensation expenses:
 202020192018
Stock-based compensation expense - Property$1.9 $1.8 $2.4 
Stock-based compensation expense - Services1.1 1.0 0.9 
Stock-based compensation expense - SG&A117.8 108.6 134.2 
Total stock-based compensation expense$120.8 $111.4 $137.5 
Stock-based compensation expense capitalized as property and equipment$1.7 $1.6 $2.0 
Schedule of the Company's Option Activity The Company’s option activity for the year ended December 31, 2020 was as follows (share and per share data disclosed in full amounts):
OptionsWeighted
Average
Exercise Price Per Share		Weighted
Average
Remaining
Life (Years)		Aggregate
Intrinsic Value
Outstanding as of January 1, 20203,060,242 $85.90 
Granted— — 
Exercised(1,043,981)81.16 
Forfeited— — 
Expired— — 
Outstanding as of December 31, 20202,016,261 $88.36 3.15$274.4 
Exercisable as of December 31, 20202,014,628 $88.33 3.15$274.2 
Vested or expected to vest as of December 31, 20202,016,261 $88.36 3.15$274.4 
Schedule of Options Outstanding The following table sets forth information regarding options outstanding at December 31, 2020 (share and per share data disclosed in full amounts):
Options OutstandingOptions Exercisable
Range of Exercise
Price Per Share		Outstanding
Number of
Options		Weighted
Average Exercise
Price Per Share		Weighted Average
Remaining Life
(Years)		Options
Exercisable		Weighted
Average Exercise
Price Per Share
$50.78 - $71.07
102,447 $61.55 1.14102,447 $61.55 
$76.90 - $77.75
221,435 76.92 1.82221,435 76.92 
$81.18 - $94.23
432,352 81.58 2.66432,352 81.58 
$94.57 - $94.71
1,240,897 94.61 3.691,240,897 94.61 
$99.67 - $121.15
19,130 111.97 5.4517,497 111.39 
$50.78 - $121.15
2,016,261 $88.36 3.152,014,628 $88.33 
Schedule of the Company's Restricted Stock Unit Activity The Company’s RSU and PSU activity for the year ended December 31, 2020 was as follows (share and per share data disclosed in full amounts): 
RSUsWeighted Average Grant Date Fair ValuePSUs Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2020 (1)1,454,350 $147.67 528,908 $136.94 
Granted (2)456,369 243.25 151,341 216.36 
Vested and Released (3)(618,013)134.53 (282,774)113.58 
Forfeited (4)(47,631)173.74 (76,965)211.21 
Outstanding as of December 31, 20201,245,075 $188.23 320,510 $177.22 
Expected to vest as of December 31, 20201,245,075 $188.23 320,510 $177.22 
Vested and deferred as of December 31, 2020 (5)58,204 $181.26 — $— 
_______________
(1)PSUs consist of the target number of shares issuable at the end of the three-year performance period for the 2019 PSUs and the 2018 PSUs (each as defined below), or 114,823 and 131,311 shares, respectively, and the shares issuable at the end of the three-year vesting period for the PSUs granted in 2017 (the “2017 PSUs”), based on achievement against the performance metrics for the three-year performance period, or 282,774 shares.
(2)PSUs consist of the target number of shares issuable at the end of the three-year performance period for the 2020 PSUs, or 110,925 shares, which includes 17,593 shares granted during the three months ended June 30, 2020 to the Company’s newly appointed Chief Executive Officer (“CEO”) and Chief Financial Officer and also includes 40,186 shares granted to the Company’s former CEO during the three months ended March 31, 2020 which were subsequently forfeited upon his retirement. PSUs also includes the shares above target that are issuable for the 2018 PSUs at the end of the three-year performance cycle based on exceeding the performance metric for the three-year performance period, or 40,416 shares.
(3)This includes 19,810 of previously vested and deferred RSUs. PSUs consist of shares vested pursuant to the 2017 PSUs. There are no additional shares to be earned related to the 2017 PSUs.
(4)PSUs consist of shares forfeited in connection with the retirement of the Company’s former CEO, which includes the target number of shares issuable at the end of the three-year performance period for the 2020 PSUs and the pro-rated target numbers of shares issuable at the end of the three-year performance periods for the 2019 PSUs and the 2018 PSUs as calculated pursuant to the award agreements related to the 2019 PSUs and the 2018 PSUs.
(5)Vested and deferred RSUs are related to deferred compensation for certain former employees.