Pay vs Performance Disclosure, Table |
| | | | | Value of Initial Fixed $100 Investment Based On:5 | | | | | | | | | | | | Year1 | Summary Compensation Table Total for PEO ($)2 | Compensation Actually Paid to PEO ($)3 | Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)2 | Average Compensation Actually Paid To Non-PEO Named Executive Officers ($)4 | Total Shareholder Return ($) | Peer Group Total Shareholder
Return ($)6 | Net Income ($) | Adjusted Earnings Per Share7 | 2023 | $10,846,398 | $13,952,028 | $2,029,505 | $2,437,838 | $172.04 | $206.61 | $420.4 | $8.80 |
2022 | $9,538,138 | $2,922,362 | $2,051,256 | $1,050,316 | $126.14 | $165.18 | $677.0 | $10.03 | 2021 | $9,637,406 | $20,403,706 | $2,217,465 | $3,806,236 | $171.03 | $209.13 | $593.3 | $8.28 | 2020 | $7,820,863 | $11,771,626 | $1,879,405 | $2,411,473 | $128.96 | $125.94 | $372.7 | $5.07 |
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1 |
David M. Foulkes served as the
Company’s principal executive officer for the entirety of 2020, 2021, 2022 and 2023 and the Company’s other NEOs for the applicable years were as follows: |
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2023:
Ryan M. Gwillim, Aine L. Denari, Brenna D. Preisser, and Christopher F. Dekker |
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2022:
Ryan M. Gwillim, Christopher D. Drees, Christopher F. Dekker, and Brenna D. Preisser |
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2021:
Ryan M. Gwillim, Christopher D. Drees, Brenna D. Preisser, and Christopher F. Dekker |
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2020:
Ryan M. Gwillim, Brett A. Dibkey, Christopher D. Drees, Brenna D. Preisser, and William L.
Metzger |
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2 |
Amounts reported in this column
represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Foulkes
and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s
NEOs for the applicable year other than the principal executive officer for such years. |
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3 |
Amounts reported in this column
represent the compensation actually paid to Mr. Foulkes as the Company’s principal executive officer in the indicated fiscal years,
based on his total compensation reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the
table below: |
PEO |
Summary Compensation Table Total(a)
|
Less, Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(b)
| Plus, Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(c) |
Plus, Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(d)
|
Plus, Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(e)
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Plus, Change in Fair Value of Stock Awards Granted in Prior Years that Vested During Fiscal Year(f)
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Less, Fair Value as of Prior Fiscal Year- End Fair Value For any Stock Awards Forfeited During Fiscal Year(g)
|
Compensation Actually Paid to PEO
|
2023 | $10,846,398 | $8,179,896 | $9,232,675 | ($131,506) | $0 | $2,184,357 | $0 | $13,952,028 |
2022 | $9,538,138 | $6,844,580 | $5,197,362 | ($2,643,131) | $0 | ($2,325,427) | $0 | $2,922,362 |
2021 | $9,637,406 | $5,761,310 | $6,525,283 | $6,377,756 | $0 | $3,624,571 | $0 | $20,403,706 |
2020 | $7,820,863 | $5,000,158 | $5,773,382 | $2,872,573 | $0 | $304,966 | $0 | $11,771,626 |
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(a) |
Represents
Total Compensation as reported in the Summary Compensation Table for the indicated fiscal
year. |
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(b) |
Represents
the aggregate grant date fair value of the stock awards granted to Mr. Foulkes during the
indicated fiscal year, computed in accordance with FASB ASC 718. |
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(c) |
Represents
the aggregate fair value as of the indicated fiscal year-end of Mr. Foulkes’s outstanding
and unvested stock awards granted during such fiscal year, computed in accordance with FASB
ASC 718. |
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(d) |
Represents
the aggregate change in fair value during the indicated fiscal year of the outstanding and
unvested stock awards held by Mr. Foulkes as of the last day of the indicated fiscal year,
computed in accordance with FASB ASC 718 and, for awards subject
to performance-based vesting conditions, based on the probable outcome of such performance-based
vesting conditions as of the last day of the fiscal year. |
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(e) |
Represents
the aggregate fair value at vesting of the stock awards that were granted to Mr. Foulkes
and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. |
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(f) |
Represents
the aggregate change in fair value, measured from the prior fiscal year-end to the vesting
date, of each stock award held by Mr. Foulkes that was granted in a prior fiscal year and
which vested during the indicated fiscal year, computed in accordance
with FASB ASC 718. |
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(g) |
Represents
the aggregate fair value as of the last day of the prior fiscal year of Mr. Foulkes’s
stock awards that were granted in a prior fiscal year and which failed to meet the applicable
vesting conditions in the indicated fiscal year, computed in accordance
with FASB ASC 718. |
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4 |
Amounts reported in this column represent the compensation actually
paid to the Company’s NEOs other than Mr. Foulkes in the indicated fiscal year, based on the average total compensation
for such NEOs reported in the Summary Compensation Table for the indicated fiscal year and adjusted as shown in the table below: |
OTHER NEOs AVERAGE
|
Summary Compensation Table Total(a)
|
Less, Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(b)
| Plus, Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(c) |
Plus, Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(d)
|
Plus, Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(e)
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Plus, Change in Fair Value of Stock Awards Granted in Prior Years that Vested During Fiscal Year(f)
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Less, Fair Value as of Prior Fiscal Year- End Fair Value For any Stock Awards Forfeited During Fiscal Year(g)
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Compensation Actually Paid to PEO
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2023 | $2,029,505 | $999,598 | $1,128,251 | ($8,970) | $0 | $288,649 | $0 | $2,437,838 |
2022 | $2,051,256 | $1,037,591 | $787,884 | ($393,091) | $0 | ($358,142) | $0 | $1,050,316 |
2021 | $2,217,465 | $874,761 | $990,758 | $924,216 | $0 | $548,558 | $0 | $3,806,236 |
2020 | $1,879,405 | $834,298 | $875,309 | $426,491 | $0 | $157,946 | $93,380 | $2,411,473 |
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a |
Please see footnote 1 for the NEOs
included in the average for each indicated fiscal year. |
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b |
Represents the average Total Compensation
as reported in the Summary Compensation Table for the reported NEOs in the indicated fiscal year. |
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c |
Represents the average aggregate
grant date fair value of the stock awards granted to the reported NEOs during the indicated fiscal year, computed in accordance with
FASB ASC 718. |
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d |
Represents the average aggregate
fair value as of the indicated fiscal year-end of the reported NEOs’ outstanding and unvested stock awards granted during such
fiscal year, computed in accordance with FASB ASC 718. |
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e |
Represents the average aggregate
change in fair value during the indicated fiscal year of the outstanding and unvested stock awards held by the reported NEOs as of the
last day of the indicated fiscal year, computed in accordance with FASB ASC 718 and, for
awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based
vesting conditions as of the last day of the fiscal year. |
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f |
Represents the average aggregate
fair value at vesting of the stock awards that were granted to the reported NEOs and vested during the indicated fiscal year, computed
in accordance with FASB ASC 718. |
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g |
Represents the average aggregate
change in fair value, measured from the prior fiscal year-end to the vesting date, of each stock award held by the reported NEOs that
was granted in a prior fiscal year and which vested during the indicated fiscal year,
computed in accordance with FASB ASC 718. |
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h |
Represents the average aggregate
fair value as of the last day of the prior fiscal year of the reported NEOs’ stock awards that were granted in a prior fiscal year
and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed
in accordance with FASB ASC 718. |
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5 |
Pursuant to rules of the SEC, the
comparison assumes $100 was invested on December 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative
of future stock price performance. |
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6 |
The TSR Peer Group consists of
the S&P 400 Consumer Discretionary Index, an independently prepared index that includes those companies included in the S&P MidCap
400 that are classified as members of the GICS Consumer Discretionary sector. |
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7 |
For 2023, the Compensation Committee determined that Adjusted Earnings Per
Share (EPS) continues to be viewed as a core driver of the Company’s performance and stockholder value creation. Adjusted EPS
is a non-GAAP financial measure. Please see the Appendix for a reconciliation of non-GAAP financial measures. |
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