Stockholders' Equity and Share-Based Awards

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Stockholders' Equity and Share-Based Awards

Footnote 16 — Stockholders’ Equity and Share-Based Awards

During the three months ended March 31, 2018, the Company awarded 1.0 million performance-based restricted stock units (RSUs), which had an aggregate grant date fair value of $33.7 million and entitle the recipients to shares of the Company’s common stock at the end of a three-year vesting period. The actual number of shares that will ultimately vest is dependent on the level of achievement of the specified performance conditions.

During the three months ended March 31, 2018, the Company also awarded 1.4 million time-based RSUs, which had an aggregate grant date fair value of $38.0 million and entitle recipients to shares of the Company’s common stock, vesting in equal installments over a three-year period.