Annual report pursuant to Section 13 and 15(d)

Benefit Plans (Tables)

v3.22.4
Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Fair Value of Options Granted
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees, members of our board of directors and non-employees:

  For the Years Ended December 31,
  2022 2021 2020
Risk-free interest rate 2.0% 0.6% 1.0%
Expected life of options — years 3.40 6.06 3.91
Expected stock price volatility 31% 33% 28%
Expected dividend yield 1.3% 1.0% 0.8%
Schedule of Stock Options Activity Under Share-based Payment Plans
The following table summarizes stock option activity under our share-based plans for the years ended December 31, 2022, 2021 and 2020:
  Options
Weighted-Average
Exercise Price
Per Share (1)
Weighted-Average
Remaining
Contractual Term (Years)		 Aggregate
Intrinsic
Value
Outstanding at the beginning of January 1, 2020 208  $ 4.46 
Granted 11  $ 6.87 
Exercised (33) $ 3.66 
Forfeited, cancelled or expired (2) $ 6.28 
Outstanding as of December 31, 2020 184  $ 4.73 
Granted 54  $ 6.14 
Exercised (72) $ 3.98 
Forfeited, cancelled or expired (5) $ 6.73 
Outstanding as of December 31, 2021 161  $ 5.47 
Granted 11  $ 6.46 
Exercised (35) $ 4.31 
Forfeited, cancelled or expired (3) $ 6.52 
Outstanding as of December 31, 2022 134  $ 5.55  5.44 $ 69 
Exercisable as of December 31, 2022 78  $ 5.18  4.58 $ 69 
(1) On February 25, 2022, we paid a special dividend which resulted in a $0.25 reduction to the exercise price of all options outstanding as of February 11, 2022. The table above reflects the exercise price reduction for all stock option activity during the year ended December 31, 2022 and for the outstanding and exercisable balances as of December 31, 2022. Stock option activity and balances prior to January 1, 2022 were not adjusted in the table above.
Schedule of Restricted Stock Unit and Stock Award Activity
The following table summarizes the restricted stock unit, including PRSU, activity under our share-based plans for the years ended December 31, 2022, 2021 and 2020:
  Shares Grant Date
Fair Value Per Share
Nonvested at the beginning of January 1, 2020 75  $ 5.95 
Granted 37  $ 6.14 
Vested (32) $ 5.89 
Forfeited (5) $ 6.00 
Nonvested as of December 31, 2020 75  $ 6.06 
Granted 40  $ 6.35 
Vested (26) $ 6.02 
Forfeited (9) $ 6.11 
Nonvested as of December 31, 2021 80  $ 6.22 
Granted 46  $ 6.55 
Vested (32) $ 6.18 
Forfeited (9) $ 6.36 
Nonvested as of December 31, 2022 85  $ 6.38