XML 141 R50.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Share-Based Compensation and Employee Ownership Plans (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Stock Appreciation Right, Activity [Table Text Block]
The following table summarizes the Company's SARs for the years ended December 31, 2019 and 2018:
Class A Common Shares Subject
to Option 
 Weighted Average
Exercise Price/Share 
 Weighted Average
Remaining Term 
 Aggregate Intrinsic Value  
   (in years) (dollars in thousands) 
Balance outstanding at December 31, 2017  75,000  $11.60  0.21$173  
SARs vested  (75,000) 14.21   —  —  
Balance outstanding at December 31, 2018  —  $—  0$—  
SARs granted  —  —  —  —  
SARs vested  —  —  —  —  
SARs expired  —  —  —  —  
Balance outstanding at December 31, 2019  —  $—  0$—  
SARs exercisable at December 31, 2018  —  $—  0$—  
SARs exercisable at December 31, 2019  —  $—  0$—  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Restricted shares and restricted stock units are referred to collectively as restricted stock. The following table summarizes the Company's restricted share and restricted stock unit activity for the years ended December 31, 2019 and 2018:
Year Ended December 31, 2019Year Ended December 31, 2018
Nonvested Restricted Class A Common Shares and Class A Common Restricted Stock UnitsWeighted-Average
Grant Date
Fair Value
Nonvested Restricted Class A Common Shares and Class A Common Restricted Stock UnitsWeighted-Average
Grant Date
Fair Value
Beginning balance outstanding 5,962,295  $15.73  5,579,293  $16.33  
Granted2,435,058  16.58  2,413,727  14.20  
Vested(2,291,032) 15.63  (1,961,824) 15.60  
Canceled(584,333) 11.49  —  —  
Forfeited(157,502) 13.98  (68,901) 14.21  
Ending balance outstanding 5,364,486  $16.67  5,962,295  $15.73  
Included in the restricted share and restricted stock unit activity are performance linked restricted stock units of 481,438 which were awarded to employees of the Company in December 2013 and January 2014. An additional 700,000 performance linked restricted stock units were awarded in March 2016 and 333,333 in April of 2019. Of the awards granted, 130,438 have been forfeited and 584,333 have been canceled, as they did not meet the performance criteria, through December 31, 2019. The remaining awards, included in the outstanding balance as of December 31, 2019, vest between March 2020 and December 2021 and will be earned only to the extent that the Company attains specified market conditions relating to its volume-weighted average share price and total shareholder return in relation to certain benchmark indices and performance goals relating to aggregate net income and average return on shareholder equity. The actual number of RSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 200% of the targeted award. Each RSU is equal to the one share of the Company's Class A common stock. Compensation expense is recognized to the extent that it is probable that the Company will attain the performance goals.