STOCKHOLDERS' EQUITY (Details)
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1 Months Ended |
12 Months Ended |
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Feb. 26, 2020
USD ($)
$ / shares
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Oct. 24, 2019
USD ($)
$ / shares
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Aug. 02, 2019
USD ($)
$ / shares
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May 03, 2019
USD ($)
$ / shares
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Feb. 15, 2019
USD ($)
$ / shares
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Nov. 01, 2018
USD ($)
$ / shares
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Sep. 14, 2018
USD ($)
item
$ / shares
shares
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Aug. 03, 2017
USD ($)
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Feb. 13, 2017
USD ($)
$ / shares
shares
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Dec. 19, 2016
USD ($)
$ / shares
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Sep. 19, 2016
USD ($)
$ / shares
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Mar. 21, 2016
USD ($)
$ / shares
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Jun. 20, 2016
USD ($)
$ / shares
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Dec. 31, 2019
USD ($)
item
employee
$ / shares
shares
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Dec. 31, 2018
USD ($)
$ / shares
shares
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Dec. 31, 2017
USD ($)
$ / shares
shares
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Dec. 31, 2016
USD ($)
$ / shares
shares
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Jun. 30, 2017
$ / shares
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| Dividends |
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| Dividends | $ / shares |
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$ 0.20
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$ 0.20
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$ 0.20
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$ 0.20
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$ 0.20
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$ 1.55
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$ 0.20
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$ 0.20
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$ 0.20
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| Dividends declared |
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$ 21,000,000.0
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$ 21,300,000
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$ 21,300,000
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$ 21,300,000
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$ 21,200,000
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$ 1.55
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$ 162,900,000
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$ 25,800,000
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$ 26,000,000.0
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$ 26,000,000.0
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| Dividends and dividend equivalents |
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$ 84,100,000
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$ 258,100,000
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$ 104,600,000
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| Deferred tax asset for dividend equivalents paid |
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500,000
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| Shares surrendered to pay for payroll taxes, value |
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1,300,000
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1,800,000
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$ 6,500,000
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| Accrued unpaid dividends |
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2,300,000
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4,000,000.0
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| Additional Public Offering |
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| Number of shares issued | shares |
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616,800,000
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| Value of shares issued |
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$ 616,800,000
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| Additional paid-in capital |
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2,001,900,000
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$ 1,998,400,000
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| Price per share (in dollars per share) | $ / shares |
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$ 6.86
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$ 7.42
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| Value of stock repurchased and canceled |
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$ 412,600,000
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| Reclassification from temporary equity |
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400,000
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400,000
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| Treasury Stock |
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| Cost of treasury shares |
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8,200,000
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47,500,000
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| Equity disclosures |
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| Value of shares issued for stock based compensation |
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4,400,000
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$ 14,900,000
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| Price per share (in dollars per share) | $ / shares |
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$ 6.86
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$ 7.42
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| Recorded stock-based compensation expense |
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$ 4,400,000
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| Number of shares to be received for each unit | shares |
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1
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| Related Party Transactions |
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| Number of days for settlement |
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30 days
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| Treasury Stock |
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| Treasury Stock |
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| Cost of treasury shares |
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$ 8,200,000
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47,500,000
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| Additional Paid-in Capital |
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| Dividends |
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| Shares surrendered to pay for payroll taxes, value |
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$ 1,300,000
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1,800,000
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$ 6,500,000
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| Additional Public Offering |
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| Number of shares issued | shares |
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616,600,000
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| Value of stock repurchased and canceled |
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256,700,000
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| Reclassification from temporary equity |
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400,000
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400,000
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| Equity disclosures |
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| Value of shares issued for stock based compensation |
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4,400,000
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14,900,000
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$ 3,900,000
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| G&A: Other |
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| Equity disclosures |
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| Stock-based compensation expense included in general and administrative expenses |
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4,400,000
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14,900,000
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$ 5,700,000
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| Subsequent Events |
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| Dividends |
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| Decrease in declared dividend (in dollars per share) | $ / shares |
$ 0.17
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| Historical dividend amount (in dollars per share) | $ / shares |
$ 0.20
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| Decrease in declared dividends |
$ 18,000,000.0
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| 2.95% Senior Unsecured Convertible Notes due 2024 |
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| Additional Public Offering |
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| Carrying value |
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$ 587,500,000
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$ 515,600,000
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524,300,000
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| Price per share (in dollars per share) | $ / shares |
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$ 7.24
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| Equity disclosures |
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| Price per share (in dollars per share) | $ / shares |
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$ 7.24
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| Maximum |
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| Additional Public Offering |
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| Ownership percentage |
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50.00%
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| Tranche 1 |
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| Shares of RSU and PSU |
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| Target Stock Price | $ / shares |
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$ 15.00
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| PSUs vesting | shares |
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75,000
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| Tranche 2 |
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| Equity disclosures |
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| Stock-based compensation expense included in general and administrative expenses |
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(2,000,000.0)
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| Shares of RSU and PSU |
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| Target Stock Price | $ / shares |
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$ 20.00
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| PSUs vesting | shares |
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75,000
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| Tranche 3 |
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| Shares of RSU and PSU |
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| Target Stock Price | $ / shares |
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$ 25.00
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| PSUs vesting | shares |
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75,000
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| Tranche 4 |
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| Shares of RSU and PSU |
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| Target Stock Price | $ / shares |
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$ 30.00
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| PSUs vesting | shares |
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75,000
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| Members of management and executive officers | Performance Vesting |
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| Equity disclosures |
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| Stock-based compensation expense included in general and administrative expenses |
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$ (1,800,000)
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| Period of cumulative adjusted EBITDA, diluted earnings pershare, and net profit results to meet the performance target condition |
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3 years
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| Former Employee and Current Employee |
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| Additional Public Offering |
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| Number of former employees | employee |
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1
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| Number of current employees | employee |
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1
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| Temporary equity (in shares) | shares |
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37,105
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| Reclassification from temporary equity |
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$ 400,000
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| Employee |
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| Equity disclosures |
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| Increase (decrease) to additional paid-in capital related to stock based compensation |
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$ 400,000
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| Shares of RSU and PSU |
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| Forfeited (in shares) | shares |
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(75,712)
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| Performance Stock Unit Transition Award |
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| Equity disclosures |
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| Awards to be granted if target not achieved (in shares) | shares |
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5,800,000
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5,800,000
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| RSU and PSU Units |
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| Equity disclosures |
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| Restricted stock unit granted (in shares) | shares |
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1,960,334
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1,313,152
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701,788
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| Shares of RSU and PSU |
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| Balance at the beginning of the period (in shares) | shares |
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1,934,447
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1,083,841
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556,510
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| Granted (in shares) | shares |
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1,960,334
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1,313,152
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701,788
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| Vested (in shares) | shares |
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(303,201)
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(408,848)
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(92,722)
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| Forfeited (in shares) | shares |
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(220,632)
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(53,698)
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(44,309)
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| Canceled | shares |
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(100,855)
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(37,426)
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| Nonvested at the end of the period (in shares) | shares |
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3,270,093
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1,934,447
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1,083,841
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556,510
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| Weighted Average Grant Date Fair Value |
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| Balance at the beginning of the period (in dollars per share) | $ / shares |
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$ 21.50
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$ 28.61
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$ 24.88
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| Granted (in dollars per share) | $ / shares |
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12.89
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15.65
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31.23
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| Vested (in dollars per share) | $ / shares |
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21.76
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21.68
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24.88
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| Forfeited (in dollars per share) | $ / shares |
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17.17
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20.69
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28.68
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| Cancelled (in dollars per share) | $ / shares |
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21.46
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31.45
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| Unvested at the end of the period (in dollars per share) | $ / shares |
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15.88
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21.50
|
28.61
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$ 24.88
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| RSU and PSU Units | Minimum |
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|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.67
|
8.67
|
8.67
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.67
|
8.67
|
8.67
|
|
|
| RSU and PSU Units | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
31.45
|
31.45
|
31.45
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 31.45
|
$ 31.45
|
$ 31.45
|
|
|
| 2019 RSU awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,500,000
|
|
|
|
|
| 2018 RSU awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,100,000
|
|
|
|
|
| 2017 RSU awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,600,000
|
|
|
|
|
| 2019 RSU executive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000
|
|
|
|
|
| Performance Vesting | Members of management and executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
730,167
|
|
|
|
|
| Number of days from the termination of service for settlement of fully vested units |
|
|
|
|
|
|
|
|
|
|
|
|
|
30 days
|
|
|
|
|
| Period of cumulative free cash flow and net income required to meet the performance target condition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years
|
|
|
| Period of cumulative adjusted EBITDA, diluted earnings pershare, and net profit results to meet the performance target condition |
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years
|
3 years
|
|
|
|
| Awards to be granted if target not achieved (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
730,167
|
|
|
|
|
| Performance Vesting | Members of management and executive officers | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PSUs vesting as a percentage of performance target |
|
|
|
|
|
|
|
|
|
|
|
|
|
80.00%
|
|
|
|
|
| Percentage of performance target |
|
|
|
|
|
|
|
|
|
|
|
|
|
30.00%
|
|
|
|
|
| Performance Vesting | Members of management and executive officers | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PSUs vesting as a percentage of performance target |
|
|
|
|
|
|
|
|
|
|
|
|
|
120.00%
|
|
|
|
|
| Percentage of performance target |
|
|
|
|
|
|
|
|
|
|
|
|
|
200.00%
|
|
|
|
|
| Performance Vesting | Members of management and executive officers | Prior to January 2, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Awards forfeited (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
66.67%
|
|
|
|
|
| Performance Vesting | Members of management and executive officers | Prior to January 2, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Awards forfeited (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
33.33%
|
|
|
|
|
| 2013 Equity Incentive Plan | Members of management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,200,000
|
|
|
|
|
| 2013 Equity Incentive Plan | Stock options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
9,474,000
|
|
|
|
|
| Number of shares remaining available for grant | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
4,674,150
|
|
|
|
|
| 2013 Equity Incentive Plan | Stock options | Board of Director |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense included in general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 500,000
|
$ 500,000
|
$ 400,000
|
|
|
| 2013 Equity Incentive Plan | Performance Stock Unit Transition Award | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
300,000
|
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
300,000
|
|
|
|
|
| Related Party Transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of days for settlement |
|
|
|
|
|
|
|
|
|
|
|
|
|
20 days
|
|
|
|
|
| Vesting period (in years) |
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
| 2013 Equity Incentive Plan | Restricted stock unit | Members of management and executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares to be received for each unit | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
| 2013 Equity Incentive Plan | Restricted stock unit | Members of management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of days from the termination of service for settlement of fully vested units |
|
|
|
|
|
|
|
|
|
|
|
|
|
30 days
|
|
|
|
|
| Related Party Transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of options that will vest on each of the anniversaries from the date of grant |
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
33.00%
|
33.00%
|
|
|
| Vesting period (in years) |
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years
|
3 years
|
3 years
|
|
|
| 2013 Equity Incentive Plan | Restricted stock unit | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 31.45
|
$ 24.88
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Value of shares issued for stock based compensation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,400,000
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 31.45
|
$ 24.88
|
|
|
| Fair value on grant date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,100,000
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
129,214
|
135,981
|
|
|
| Number of shares to be received for each unit | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
129,214
|
135,981
|
|
|
| Related Party Transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of options that will vest on each of the anniversaries from the date of grant |
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
33.00%
|
33.00%
|
|
|
| Number of days for settlement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 days
|
30 days
|
|
|
| Vesting period (in years) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years
|
3 years
|
|
|
| 2013 Equity Incentive Plan | 2019 RSU awards | Members of management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
730,167
|
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,500,000
|
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
730,167
|
|
|
|
|
| 2013 Equity Incentive Plan | 2019 RSU awards | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense included in general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,400,000
|
|
|
|
|
| 2013 Equity Incentive Plan | 2018 RSU awards | Members of management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
656,576
|
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,100,000
|
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
656,576
|
|
|
|
| 2013 Equity Incentive Plan | 2018 RSU awards | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense included in general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,300,000
|
|
|
|
| 2013 Equity Incentive Plan | 2017 RSU awards | Members of management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
201,726
|
|
|
| Recorded stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,600,000
|
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
201,726
|
|
|
| 2013 Equity Incentive Plan | 2017 RSU awards | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense included in general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,400,000
|
|
|
| 2013 Equity Incentive Plan | 2016 RSU awards | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense included in general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,100,000
|
$ 1,100,000
|
$ 1,100,000
|
|
| 2013 Equity Incentive Plan | 2019 RSU executive | Members of management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense included in general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000
|
|
|
|
|
| 2013 Equity Incentive Plan | 2019 RSU executive | Executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted stock unit granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
|
|
|
| Shares of RSU and PSU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
|
|
|
| Related Party Transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of days for settlement |
|
|
|
|
|
|
|
|
|
|
|
|
|
30 days
|
|
|
|
|
| Vesting period (in years) |
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
| 2013 Equity Incentive Plan | Performance Vesting | Members of management and executive officers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Awards to be granted upon achieving 100% of performance target (in shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
730,167
|
|
|
|
|
| Class A common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common Stock Rights and Privileges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of votes per share | item |
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
| Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash dividend declared (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.20
|
$ 0.20
|
$ 0.20
|
|
|
| Dividends and dividend equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 41,700,000
|
$ 122,000,000.0
|
$ 43,900,000
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued | shares |
|
|
|
|
|
|
|
|
20,330,874
|
|
|
|
|
|
|
|
|
|
| Price per share | $ / shares |
|
|
|
|
|
|
|
|
$ 31.50
|
|
|
|
|
|
|
|
|
|
| Value of shares issued |
|
|
|
|
|
|
|
|
$ 640,400,000
|
|
|
|
|
|
|
|
|
|
| Net proceeds |
|
|
|
|
|
|
|
|
616,800,000
|
|
|
|
|
|
|
|
|
|
| Repayment of Bridge Loan |
|
|
|
|
|
|
|
|
$ 350,000,000.0
|
|
|
|
|
|
|
|
|
|
| Treasury Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share repurchase program amount |
|
|
|
|
|
|
|
$ 100,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Stock repurchase program period |
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
|
|
|
|
|
| Number of treasury shares purchased | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
500,000
|
3,195,856
|
|
|
|
| Cost of treasury shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,200,000
|
$ 47,500,000
|
|
|
|
| Class A common stock | Subsequent Events |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash dividend declared (in dollars per share) | $ / shares |
$ 0.03
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A common stock | 2.95% Senior Unsecured Convertible Notes due 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares upon conversion |
|
|
|
|
|
|
|
|
|
|
|
|
|
31,662,269
|
|
|
|
|
| Class A common stock | 2013 Equity Incentive Plan | Stock options | Board of Director |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares granted | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
32,464
|
28,055
|
13,684
|
|
|
| Class B common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common Stock Rights and Privileges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of votes per share | item |
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
| Number of shares to be issued on conversion of each common stock at option of holder | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
| Number of shares to be issued on automatic conversion of each common stock | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
| Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash dividend declared (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.20
|
$ 0.20
|
$ 0.20
|
|
|
| Dividends and dividend equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 41,400,000
|
$ 136,100,000
|
$ 60,600,000
|
|
|
| Class B common stock | Subsequent Events |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash dividend declared (in dollars per share) | $ / shares |
$ 0.03
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class B common stock | 2.95% Senior Unsecured Convertible Notes due 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock repurchased and cancellation (in shares) | shares |
|
|
|
|
|
|
24,057,143
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
$ 17.50
|
|
|
|
|
|
|
|
|
|
|
|
| Value of stock repurchased and canceled |
|
|
|
|
|
|
$ 421,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
| Legal fees |
|
|
|
|
|
|
$ 2,600,000
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares upon conversion | item |
|
|
|
|
|
|
5,666,000
|
|
|
|
|
|
|
|
|
|
|
|
| Equity disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
$ 17.50
|
|
|
|
|
|
|
|
|
|
|
|
| Dividend Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends and dividend equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000,000.0
|
100,000
|
200,000
|
|
|
| Accrued unpaid dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,100,000
|
|
|
| Wanda |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receivable due from related party |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 800,000
|
900,000
|
|
|
|
| Ownership percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
49.85%
|
|
|
|
|
| Combined voting power held in Holdings (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
74.89%
|
|
|
|
|
| Related Party Transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receivable due from related party |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 800,000
|
900,000
|
|
|
|
| Reimbursement of expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 400,000
|
$ 0.0
|
$ 600,000
|
|
|
| Wanda | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ownership percentage |
|
|
|
|
|
|
50.10%
|
|
|
|
|
|
|
|
|
|
|
|
| Wanda | Class A common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Voting ratio between Class B and Class A common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
three-to-one voting ratio
|
|
|
|
|
| Wanda | Class B common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional Public Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares owned | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
51,769,784
|
|
|
|
|
| Number of shares upon conversion |
|
|
|
|
|
|
|
|
|
|
|
|
|
5,666,000
|
|
|
|
|