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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A reconciliation of the number of Options outstanding under the 2014 Long Term Incentive Compensation Plan as of December 31, 2021, and changes during the period then ended, is as follows:
Shares
(in thousands)
Weighted-Average Exercise Price
Outstanding at January 1, 2021
325 $35.40 
Exercised(183)35.40 
Outstanding at December 31, 2021
142 $35.40 
Schedule of Nonvested Restricted Shares
A summary of the status of the Company's non-vested RSAs as of December 31, 2021, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2021
567 $28.50 
Granted192 26.86 
Vested(332)28.46 
Forfeited(39)28.24 
Non-vested at December 31, 2021
388 $27.75 
Year ended December 31,
202120202019
Total fair value of shares vested (in thousands)
$9,453 $13,510 $8,225 
Weighted-average fair value of RSAs granted$26.86 $18.35 $33.87 
Schedule of Nonvested PSUs
A summary of the status of the Company's EPS PSUs as of December 31, 2021, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2021
344 $24.58 
Granted149 26.80 
Vested— — 
Forfeited(107)30.89 
Non-vested at December 31, 2021
386 $23.69 
Year ended December 31,
202120202019
Weighted-average fair value of EPS PSUs granted$26.80 $19.06 $27.23 
A summary of the status of the Company's TSR PSUs as of December 31, 2021, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2021
344 $31.83 
Granted149 35.66 
Vested— — 
Forfeited(107)40.57 
Non-vested at December 31, 2021
386 $30.89 
Year ended December 31,
202120202019
Weighted-average fair value of TSR PSUs granted$35.66 $16.80 $49.20 
Schedule of Valuation Assumptions Used to Determine Fair Value
2021
Risk free interest rate0.25%
Dividend yield—%
Volatility factor of the expected market price of the common shares52%
Expected term (in years)2.83
Correlation coefficient0.45
Schedule of Fair Value of the Option Component of the ESP Plan
Year ended December 31,
202120202019
Risk free interest rate0.10 %1.59 %1.59 %
Dividend yield2.86 %2.71 %2.27 %
Volatility factor of the expected market price of the common shares72 %36 %36 %
Expected life for the options (in years)
1.01.01.0