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Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2021
Incentive Plans  
Schedule of Valuation Assumptions

    

Expected Stock Price

    

Risk-Free Interest

Award Date

 

Volatility

 

Rate

February 19, 2020

22

%  

1.39

%

February 20, 2020

22

%  

1.35

%

January 1, 2021

27

%  

0.17

%

February 25, 2021

26

%  

0.31

%

Schedule of Deferred Compensation

Below is a summary of our compensation expense and unearned compensation (in millions):

Expected

 

 

period to

Deferred Compensation

Unearned Compensation

 

recognize

Expensed

Capitalized

As of

As of

 

unearned

    

Three Months Ended June 30, 

    

June 30, 

December 31, 

 

compensation

Type of incentive award

    

2021

    

2020

    

2021

    

2020

    

2021

    

2020

    

(in years)

Long-term incentive units

$

2.8

$

3.1

$

$

$

24.9

$

15.1

 

2.3

Performance-based awards

 

6.4

 

6.6

 

0.1

 

0.2

 

47.2

 

34.4

 

2.8

Service-based restricted stock units

 

5.3

 

3.6

 

0.9

 

0.8

 

57.6

 

41.5

 

2.8

Interxion awards

4.1

7.1

12.8

27.2

1.9

Six Months Ended June 30, 

    

2021

    

2020

    

2021

    

2020

Long-term incentive units

$

6.0

$

6.2

$

0.1

$

0.1

Performance-based awards

 

14.9

 

11.2

 

0.5

 

0.4

Service-based restricted stock units

9.2

6.8

1.6

1.6

Interxion awards

 

14.6

 

10.1

 

 

Summary of Long-Term Incentive Unit Activity

    

    

Weighted-Average

 

Grant Date Fair

Unvested Long-term Incentive Units

Units

 

Value

Unvested, beginning of period

 

235,535

$

122.22

Granted

 

132,041

 

138.05

Vested

 

(124,984)

 

122.22

Cancelled or expired

 

(1,876)

 

128.38

Unvested, end of period

 

240,716

$

130.86

Summary of Restricted Stock Activity

Weighted-Average

 

Grant Date Fair

Unvested Restricted Stock

    

Shares

    

Value

Unvested, beginning of period

 

783,219

$

123.04

Granted

 

243,107

 

135.44

Vested

 

(327,773)

 

120.04

Cancelled or expired

 

(30,366)

 

129.01

Unvested, end of period

 

668,187

$

128.75