|6 Months Ended|
Jun. 30, 2021
|Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]|
Note 12 – Equity Compensation
In June 2021, the Parent amended previously issued profit interest units with performance-based vesting conditions that were based on performance targets connected to the value received from change of control of the Parent. The vesting condition, as amended, is based on the average trading price of XPO, Inc. common stock exceeding the IPO threshold price, as defined in the agreement. The performance-based units are not probable of vesting until the completion of the IPO. The amendment of these units is treated as a modification with the compensation cost of the amended units of $18,127 recognized over the new estimated service period through November 2022.
In June 2021, phantom stock units previously issued by Club Pilates were canceled.
The entire disclosure for share-based payment arrangement.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef