Share-based Compensation |
6 Months Ended |
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Jun. 30, 2025 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |
Share-based Compensation | Share-based Compensation During the six months ended June 30, 2025, we granted 0.05 stock options, 0.07 restricted stock units and 0.03 performance units. The total fair value of awards granted to employees during the six months ended June 30, 2025 was $22.2. In addition, our non-employee directors received stock awards with a total fair value of $0.7. Stock options generally have a 4-year graded vesting period. Restricted stock and restricted stock units generally vest ratably over a three-year period. Performance units generally vest at the end of a three-year performance period based on the attainment of certain pre-determined performance condition targets. During the six months ended June 30, 2025, 0.05 restricted stock and restricted stock units vested, and 0.01 performance units vested. Share-based compensation expense was $4.3 and $4.1 for the three months ended June 30, 2025 and 2024, respectively, and $10.5 and $10.1 for the six months ended June 30, 2025 and 2024, respectively. Share-based compensation expense is included in selling, general and administrative expenses in the unaudited condensed consolidated statements of income and comprehensive income (loss). As of June 30, 2025, total share-based compensation of $29.2 is expected to be recognized over the weighted-average period of approximately 2.2 years.
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