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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Compensation Expense [Table Text Block]
Share-based compensation expense is generally recognized within "General and administrative" expense on the statements of operations and is summarized in the table below.
Three Months EndedSix Months Ended
June 30,June 30,
2020(1)
2019(2)
2020(1)
2019(2)
(in millions)
Non-cash share-based compensation
Stock options$—  $—  $—  $0.3  
Restricted share awards3.1  4.8  6.4  10.9  
Total non-cash share-based compensation3.1  4.8  6.4  11.2  
Cash share-based compensation
Restricted cash awards0.5  —  0.7  —  
Performance share units(0.4) 0.3  —  5.5  
Restricted share units—  0.1  —  0.2  
Total cash share-based compensation0.1  0.4  0.7  5.7  
Total share-based compensation expense$3.2  $5.2  $7.1  $16.9  
 ________________________
(1)During the three and six months ended June 30, 2020, the Company recorded $0.3 million and $0.5 million, respectively, of share-based compensation expense related to the acceleration of vesting that occurred as part of the restructuring program and is included in the table above. Refer to Note 9 – Restructuring for additional information.
(2)During the three and six months ended June 30, 2019, the Company recorded $1.3 million and $9.7 million, respectively, of share-based compensation expense related to the acceleration of vesting that occurred as part of the restructuring program. Of the $9.7 million recorded during the six months ended June 30, 2019, $1.5 million was recorded in "Net gain (loss) from asset sales, inclusive of restructuring costs" on the statement of operations and the remaining $8.2 million is included in the table above. Refer to Note 9 – Restructuring for additional information.
Share-based Compensation, Stock Options, Activity [Table Text Block]
Stock option transactions under the terms of the LTSIP are summarized below:
Options OutstandingWeighted-Average Exercise PriceWeighted-Average Remaining Contractual TermAggregate Intrinsic Value
(per share)(in years)(in millions)
Outstanding at December 31, 20191,802,387  $20.87  
Cancelled(305,163) 30.12  
Outstanding at June 30, 20201,497,224  $18.98  2.26$—  
Options Exercisable at June 30, 20201,494,157  $19.00  2.26$—  
Unvested Options at June 30, 20203,067  $7.52  4.18$—  
Schedule Of Long Term Incentive Based Compensation Restricted Cash Awards [Table Text Block]
Restricted Cash Awards Outstanding
Unvested balance at December 31, 2019$—  
Granted3,249,925  
Vested—  
Forfeited(54,250) 
Unvested balance at June 30, 2020$3,195,675  
Schedule of Other Share-based Compensation, PSUs & RSUs [Table Text Block]
Transactions involving performance share units under the terms of the CIP are summarized below:
Performance Share Units OutstandingWeighted-Average Grant Date Fair Value
(per share)
Unvested balance at December 31, 2019625,922  $9.04  
Granted1,926,026  2.17  
Vested and paid(96,734) 13.06  
Unvested balance at June 30, 20202,455,214  $3.56  
Schedule of Share-based Compensation, Restricted Share Awards Activity [Table Text Block]
Transactions involving restricted share awards under the terms of the LTSIP and LTIP are summarized below:
Restricted Share Awards OutstandingWeighted-Average Grant Date Fair Value
(per share)
Unvested balance at December 31, 20192,845,033  $8.67  
Granted5,080,589  2.10  
Vested(1,149,316) 9.67  
Forfeited(85,218) 5.05  
Unvested balance at June 30, 20206,691,088  $3.55  
Transactions involving restricted share units under the terms of the LTSIP and LTIP are summarized below:
Restricted Share Units OutstandingWeighted-Average Grant Date Fair Value
(per share)
Unvested balance at December 31, 201934,393  $8.16  
Granted76,083  2.08  
Vested and paid(26,770) 8.20  
Unvested balance at June 30, 202083,706  $2.62