|9 Months Ended|
Sep. 30, 2021
|STOCKHOLDERS’ EQUITY||STOCKHOLDERS’ EQUITY
The vesting of certain performance-based RSUs previously granted to key executives is subject to the achievement by the Company of a certain performance target in any fiscal year ending on or before December 31, 2022, and continuous service. Prior to the second quarter of 2021, the Company did not recognize compensation expense for these awards as the achievement of the performance target was not deemed probable. During the second quarter of 2021, the achievement of the performance target became probable and the Company recorded $7.6 million and $21.2 million of expense for the three and nine months
ending September 30, 2021, respectively, in "Selling, technical, general and administrative" in the Condensed Consolidated Statements of Operations.
Repurchases of Common Stock
During the three months ended September 30, 2021, as part of its previously-announced $750 million share repurchase program, the Company repurchased approximately 0.1 million shares of its common stock for approximately $1.7 million, at an average price of approximately $20.45 per share. The repurchases were funded from cash on hand and allocated to treasury shares. The remaining authorization under the Company's share repurchase program was approximately $185 million at September 30, 2021.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef