Employee Benefits and Compensation Plans (Tables)
|
9 Months Ended |
Sep. 30, 2019 |
|---|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
| Schedule of summary of option activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted- |
|
|
|
|
Number of Share Option Awards |
|
Weighted-Average Exercise Price |
|
Average |
|
|
|
|
Time- |
|
Performance- |
|
Market- |
|
Time- |
|
Performance- |
|
Market- |
|
Contractual |
|
Aggregate |
|
|
Based |
|
Based |
|
Based |
|
Based |
|
Based |
|
Based |
|
Term |
|
Intrinsic Value |
|
|
Awards |
|
Awards |
|
Awards |
|
Awards |
|
Awards |
|
Awards |
|
(years) |
|
(in thousands) |
Outstanding as of January 1, 2019 |
|
5,686,793 |
|
410,499 |
|
208,333 |
|
$ |
50.65 |
|
$ |
45.67 |
|
$ |
59.43 |
|
6.22 |
|
$ |
13,946 |
Exercised |
|
(311,732) |
|
(138,306) |
|
— |
|
|
38.19 |
|
|
19.00 |
|
|
— |
|
|
|
|
|
Forfeited and cancelled |
|
(83,666) |
|
(156,251) |
|
— |
|
|
56.30 |
|
|
59.43 |
|
|
— |
|
|
|
|
|
Outstanding as of September 30, 2019 |
|
5,291,395 |
|
115,942 |
|
208,333 |
|
$ |
51.29 |
|
$ |
58.96 |
|
$ |
59.43 |
|
5.63 |
|
$ |
20,576 |
|
| Schedule of summary of restricted ordinary share activity |
|
|
|
|
|
|
|
|
Number of |
|
|
|
|
|
Time- |
|
Weighted- |
|
|
Based |
|
Average Grant |
|
|
Awards |
|
Date Fair Value |
Non-vested as of January 1, 2019 |
|
429 |
|
$ |
58.41 |
Vested |
|
(429) |
|
|
58.41 |
Non-vested as of September 30, 2019 |
|
— |
|
$ |
— |
|
| Schedule of summary of restricted share unit activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of |
|
Weighted- |
|
Number of |
|
Weighted- |
|
Number of |
|
Weighted- |
|
|
Time-Based |
|
Average Grant |
|
Performance- |
|
Average Grant |
|
Market- |
|
Average Grant |
|
|
Awards |
|
Date Fair Value |
|
Based Awards |
|
Date Fair Value |
|
Based Awards |
|
Date Fair Value |
Non-vested as of January 1, 2019 |
|
2,973,032 |
|
$ |
53.98 |
|
825,614 |
|
$ |
56.58 |
|
50,000 |
|
$ |
59.43 |
Granted |
|
1,929,495 |
|
|
55.00 |
|
462,282 |
(1) |
|
55.27 |
|
— |
|
|
— |
Vested |
|
(1,430,124) |
|
|
53.02 |
|
(121,000) |
|
|
56.27 |
|
— |
|
|
— |
Forfeited or expired |
|
(167,261) |
|
|
55.03 |
|
(37,500) |
|
|
56.27 |
|
— |
|
|
— |
Non-vested as of September 30, 2019 |
|
3,305,142 |
|
$ |
54.94 |
|
1,129,396 |
|
$ |
56.09 |
|
50,000 |
|
$ |
59.43 |
| (1) |
Number of performance-based restricted share units included assumes maximum achievement of performance targets. |
|
| Schedule of compensation expense recognized for share-based compensation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Payroll and related expense |
|
$ |
4,489 |
|
$ |
4,012 |
|
$ |
12,974 |
|
$ |
11,779 |
Marketing, general and administrative expense |
|
|
20,931 |
|
|
24,950 |
|
|
69,096 |
|
|
77,018 |
Total share-based compensation expense |
|
$ |
25,420 |
|
$ |
28,962 |
|
$ |
82,070 |
|
$ |
88,797 |
|